Our new project offers an opportunity to grant a mortgage secured loan to the project owner (Estonian company Memorest OÜ) for the construction of a single-family house at Mõisaküla St. 16, Kiili municipality. Total amount to be raised will be 190,000 euros and amount to be raised in the current fourth round is 25,000 euros. Mõisaküla St. 16 property is located in Kiili municipality, ~17 km from Tallinn city center (25 minutes by car).Construction is underway: walls and roof have been installed and insulated; internal walls have been built and electricity works completed. Installation of windows and facade boards is bout to begin. Construction deadline is July-August 2023.  The loan will be secured by a first mortgage on Mõisaküla St. 16 property. LTV will remain below 70% during the project.  Market value of the property was 175,000 euros at the start of the financing. The loan will be repaid from the sales revenue of Mõisaküla St. 16 property after the construction will be completed. Estimated future value of the house, when the construction work is completed, is 363,000 euros.<div style="color: rgb(70, 77, 86);background-color: rgb(255, 255, 255);">Loan interest rate is 13% p.a. and the investment period is up to 5 months. Interest and loan principal will be paid at the end of the loan period or by signing Mõisaküla St. 16 property sales contract.</div>

Single-family house construction near Tallinn, 1st mortgage loan, interest rate 13% p.a.

Mortgage loan | Mõisaküla St. 16

Our new project offers an opportunity to grant a mortgage secured loan to the project owner (Estonian company Memorest OÜ) for the construction of a single-family house at Mõisaküla St. 16, Kiili municipality. Total amount to be raised will be 190,000 euros and amount to be raised in the current fourth round is 25,000 euros. Mõisaküla St. 16 property is located in Kiili municipality, ~17 km from Tallinn city center (25 minutes by car).Construction is underway: walls and roof have been installed and insulated; internal walls have been built and electricity works completed. Installation of windows and facade boards is bout to begin. Construction deadline is July-August 2023.  The loan will be secured by a first mortgage on Mõisaküla St. 16 property. LTV will remain below 70% during the project.  Market value of the property was 175,000 euros at the start of the financing. The loan will be repaid from the sales revenue of Mõisaküla St. 16 property after the construction will be completed. Estimated future value of the house, when the construction work is completed, is 363,000 euros.<div>Loan interest rate is 13% p.a. and the investment period is up to 5 months. Interest and loan principal will be paid at the end of the loan period or by signing Mõisaküla St. 16 property sales contract. </div>

Meie uue investeerimisvõimaluse raames saavad investorid rahastada ühepereelamu ehitust Kiili vallas Mõisaküla tee 16. Käimasolevas neljandas rahastamisvoorus soovib projekti omanik kaasata 25 000 eurot. Koos esimeses kolmes voorus kaasatud summaga moodustab laen kokku 150 000 eurot. Kokku finantseeriksid investorid elamu ehitust summas kuni 190 000 eurot. Kinnistu asub Tallinna kesklinnast u. 17 km kaugusel (e. 25 minutit autosõitu).Elamu ehitus käib: seinad ja katus on paigaldatud ja soojustatud, siseseinte ehitus ja elektritööd on lõpetatud, algab akende ja fassaadilaudise paigaldus. Ehituse tähtaeg on juuli-august 2023.a.Tagatisvara hinnatud turuväärtus oli finantseerimise alustamise hetkel 175 000 eurot. Tulevikuväärtus kui ehitustööd on lõpetatud on 363 000 eurot. Laen on tagatud esimese järjekoha hüpoteegiga Mõisaküla tn 16 kinnistule Kiili vallas. LTV jääb projekti arenduse vältel alla 70%. Laenu intressimäär on 13% aasta baasil ja intress makstakse ühekordse maksega perioodi lõpus või elamu müügilepingu sõlmimisel. Investeerimisperiood on kuni 5 kuud. Laenu tagasimaksmine toimub Mõisaküla tn 16 ühepereelamu müügitulust. Müügi eellepingut ei ole veel sõlmitud.

Ühepereelamu ehitus Tallinna lähedal, 1.järjekoha hüpoteegiga tagatud laen, intressimäär 13% p.a.

Real estate investment | Mõisaküla 16

Estonia

Euro

Funding goal:	€ 25000
Expected return:	13.4 % p.a
Investment term:	5 months
Risk category:	B Risk assessment model
LTV:	Low risk 67%
Capital stack:	Secured loan

Mõisaküla 16, Kiili vald (IV)

Funded investment