Marguse Spordibaas, Nüpli, Otepää (III)
Mortgage-backed short term loan
- Start of investment period07.08.2019
- Start time06.08.2019 07:00
- Asset classLeisure
- Investment typeRental
- Investment end date12.08.2020
- Remaining termOverdue 90+ days
- Expected rate of return12% p.a.
- Expected cash yield%
- No of investors891
- Goal€300 000
This investment opportunity is about refinancing previous crowdfunded senior loan, which has been used to finance Sponsor's Hagudi 26 residential real estate development project in Tallinn. The development is in the final stages and 11 of its 15 total units have been sold. In addition to refinancing an previous EUR 250,000 loan, the Sponsor applies for an additional loan of EUR 50,000 to cover the working capital needs of development projects.
This senior loan offers Crowdestate's investors a short-term investment opportunity with the term of 12 months at 12% annual interest rate. The funding target is EUR 300,000 and loan-to-value (LTV) is 60%.
The senior loan is secured by a first lien mortgage on an operational Marguse Sports Centre in Otepää (a.k.a Estonian winter capital).