Prejmer, Brasov County, Romania
1st rank mortgage in Brasov County, LTV 20%
- Start of investment period01.01.1970
- Start time04.01.2023 10:15
- Asset classResidential
- Investment typeDevelopment
- Investment end date31.01.2024
- Remaining term11 months
- Expected rate of return15% p.a.
- Expected cash yield%
- No of investors260
- Goal€250 000
With this project, the Crowdestate investors will have the opportunity to invest in a mortgage loan in a total amount of EUR 500,000, arranged in 2 tranches. This is the 1st tranche of the investment opportunity for EUR 250,000.
The Project Owner intends to finance his other projects and to secure the loan offers the first-rank mortgage over a property in Prejmer Commune, Brasov County. It is located 14 km from Brasov City, in a superb area with mountain scenery and lakes.
The property has 40,907 sqm land plot, 2 buildings and 22 fish ponds. The property's market value is EUR 1,230,000, and LTV for the 1st tranche is ~20%.
The investment tenure for this tranche is up to 12 months. The interest rate is 15% p.a. and will be paid quarterly.
The principal will be repaid at the end of the loan period from the sales revenue of the Project Owner's other projects, the sale of the property and/or other assets, operational revenues or by refinancing.