Our next investment opportunity includes financing of construction costs of a 5-apartment terraced house project. The property is located at Oja tee 4, in Loo borough, Jõelähtme municipality, Harju country, Estonia; 3 km outside of Tallinn (capital) city limits and 15 km from Tallinn city center.Project Sponsor, Manopla OÜ seeks to raise EUR 462,000 in total to finance construction activities of Oja tee 4 development project. Funding is organized through up to 6 funding rounds. Objective of current, the first funding round is to raise EUR 69,000, which will be used for financing the construction costs at Oja tee 4. The source of loan repayment is sale of completed apartments or refinancing through bank loan. The construction of the Oja tee 4 terraced house project has already started in October 2020. Sponsor intends to commission the project in Spring 2021.The investment earns a fixed interest rate at 11% p.a. There is no periodic interest payments. Loan term is scheduled up to 11 months with a possibility to extend the loan term up to 6 months with higher interest rate of 13% p.a. The loan is secured by first rank mortgage on residential land plot of Oja tee 4, loo alevik, Jõelähtme municipality with valid construction permit. According to the valuation document, the current value of the collateral is EUR 145,000. In our project analysis and in our financing decisions we assess the current property value somewhat lower, EUR 115,000. In our opinion this valuation would correspond better with economics of a development project with given parameters in that general location and we have capped the financing accordingly.  The ratio of loan amount and collateral value for this funding round is (LTV) is 60%.

Invest in a real estate development in Estonia and earn 11% p.a., full-bullet schedule

Real estate investment | Loo alevik

Our next investment opportunity includes financing of construction costs of a 5-apartment terraced house project. The property is located at Oja tee 4, in Loo borough, Jõelähtme municipality, Harju country, Estonia; 3 km outside of Tallinn (capital) city limits and 15 km from Tallinn city center.Project Sponsor, Manopla OÜ seeks to raise EUR 462,000 in total to finance construction activities of Oja tee 4 development project. Funding is organized through up to 6 funding rounds. Objective of current, the first funding round is to raise EUR 69,000, which will be used for financing the construction costs at Oja tee 4. The source of loan repayment is sale of completed apartments or refinancing through bank loan. The construction of the Oja tee 4 terraced house project has already started in October 2020. Sponsor intends to commission the project in Spring 2021.The investment earns a fixed interest rate at 11% p.a. There is no periodic interest payments. Loan term is scheduled up to 11 months with a possibility to extend the loan term up to 6 months with higher interest rate of 13% p.a. The loan is secured by first rank mortgage on residential land plot of Oja tee 4, loo alevik, Jõelähtme municipality with valid construction permit. According to the valuation document, the current value of the collateral is EUR 145,000. In our project analysis and in our financing decisions we assess the current property value somewhat lower, EUR 115,000. In our opinion this valuation would correspond better with economics of a development project with given parameters in that general location and we have capped the financing accordingly.  The ratio of loan amount and collateral value for this funding round (LTV) is 60%.

Meie järgmiseks investeerimisvõimaluseks on 5 korteriga ridaelamuarenduse finantseerimine. Arendus asub Loo alevikus, aadressil Oja tee 4. Kinnistu jääb Tallinna piiridest 3 km kaugusele ja Tallinna kesklinnast 15 km kaugsele.Projekti Sponsor, Manopla OÜ soovib Crowdestate’i investoritelt ehitustegevuse rahastamiseks kaasata kokku 462,000 eurot. Rahastus korraldatakse kuni 6 rahastusvooru kaudu. Käesoleva, esimese rahastusvooru mahuks on 69,000 eurot. Laenu tagastamise allikaks on valminud korterite müük või refinantseerimine läbi pangalaenu. Oja tee 4 ridaelamu projekti ehitus algas 2020. aasta oktoobris. Projekti valmimise tähtaeg kevad 2021.a.Laenuperioodiks on 11 kuud ja fikseeritud intressimääraks 11% aasta baasil. Perioodilisi intressimakseid ei tehta.Sponsoril on võimalus lepinguperioodi ühepoolselt pikendada kuni 6 kuu võrra. Pikendusperioodi vältel on intressimääraks 13% aasta baasil.Laen on tagatud 1. järjekoha hüpoteegiga arendatavale kinnistule aadressil Oja tee 4, Loo alevik, Jõelähtme vald. Kinnistul on kehtiv ehitusluba ridaelamu projektile.Tagatisvara väärtuseks vastavalt hindamisaktile on 145,000 eurot. Finantsmudeli koostamisel ja finantseerimisel lähtume kinnistu väärtusest 115,000 eurot, mis on meie hinnangul paremas kooskõlas antud piirkonnas asuva ja antud parameetritega arendusprojekti ökonoomikaga. Vastavalt sellele moodustab käesolevast rahastusvoorust lähtuvate kohustuste summa tagatisvara väärtusest (LTV) 60%.

Questa opportunità di investimento mira al finanziamento di un complesso residenziale composto da 5 villette a schiera presso Oja tee 4, nel Comune di Harju in Estonia. Il progetto residenziale si trova nei pressi di Tallinn (la Capitale estone) a 15 km dal centro storico e a soli 3 km dal Comune.Lo Sponsor del progetto, Manopla OÜ, mira a raccogliere EUR 69,000 tramite gli investitori di Crowdestate, al fine di impegnare il prestito per i costi di costruzione. Il ripagamento agli investitori avverrà tramite la vendita dei primi appartamenti o eventualmente tramite un rifinanziamento con prestito bancario.La costruzione del complesso residenziale presso Oja tee 4 è cominciato ad Ottobre di quest'anno. La conclusione del progetto è prevista per la fine della primavera 2021.La scadenza del prestito è prevista dopo 11 mesi con la possibilità di estendere il periodo di finanziamento di altri 6 mesi ad un tasso di interesse annuo pari al 13%. L'investimento offre un tasso di interesse pari all'11% annuo, senza pagamenti intermedi degli interessi.Il prestito è garantito da un'ipoteca di primo grado sul terreno residenziale di Oja tee 4 con un valido permesso di costruire.Il valore totale del collaterale è di 145,000 €. Durante la fase di analisi del progetto il valore di mercato della proprietà è stato ridotto e stimato sui 115,000 €, così da attenuare eventuali rischi. Per questo motivo, il rapporto tra  l'ammontare del prestito previsto nella prima tranche e il valore dell'immobile è pari al 60% (LTV).

Funding goal:	€ 69000
Expected return:	11 % p.a
Investment term:	5 months
Risk category:	C Risk assessment model
LTV:	Low risk %
Capital stack:	Secured loan

Oja tee 4, Loo (I)

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