• Deadline
  • Start of investment period
  • Start time
    18.09.2020 07:20
  • Asset class
  • Investment type
  • Investment end date
  • Remaining term
    14 months
  • Expected rate of return
    11.62% p.a.
  • Expected cash yield
  • No of investors
  • Goal
    €205 000

Executive summary

The purpose of the current investment opportunity is to finance a terraced house project with 9 apartments at Rae põik 6, Rae municipality, Harju country, Estonia. While the project is located just outside the Tallinn (capital of Estonia) city limits, it is 10 km away from Tallinn city centre.

The Sponsor, Väike-Rae Arenduse OÜ, intends to raise EUR 205,000 from Crowdestate investors, which will be used for financing the construction costs at Rae põik 6 and refinancing existing liabilities of the development. The source of loan repayment is sale of completed apartments or refinancing through bank loan. 

The construction of the Rae põik 6 terraced house project will start in September 2020. The deadline for the completion of the project is Spring 2021.

Loan term is scheduled up to 16 months

The investment earns a fixed interest rate at 11% p.a. There is no periodic interest payments.

The loan is secured by a first rank mortgage on 3 residential land plots of Rae põik 6, Rae põik 8 and Rae põik 10 with valid construction permit of identical row houses. 

Total current value of the collateral is EUR 739,000. According to that, the ratio of total amount of liabilities and collateral value (LTV) is 28%.


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