Published
  • Deadline
    29.09.2022
  • Start of investment period
    01.01.1970
  • Start time
    19.09.2022 07:00
  • Asset class
    Residential
  • Investment type
    Speculative
  • Investment end date
    15.03.2023
  • Remaining term
    5 months
  • Expected rate of return
    11.4% p.a.
  • Expected cash yield
    %
  • No of investors
    81
  • Goal
    €34 600

Executive summary

Within our current project, investors are offered the opportunity to grant a mortgage loan in the amount of 115,000 euros secured by a 1st mortgage on a new apartment in a terraced house located at Ristiku St. 1-3, Kohila municipality. Amount to be raised in the current second round is 34,600 euros. Amount raised in the first was 80,400 euros. The project owner intends to raise a short-term loan to invest in a new development. The loan will be repaid from sales revenue of the owner's other projects, by refinancing with a bank loan or by selling the apartment.

A 1st rank mortgage will be established on Ristiku St. 1-3 apartment to secure investors’ loans. The market value of the collateral is 164,000 euros and the LTV of the project is 70%.

The size of the apartment is 68.4 m2 and it is located in Rapla county, Kohila municipality, Pukamäe village, Ristiku St. 1. The property is located 30-minute drive from Tallinn city center. It is close to Kohila small town which has developed infrastructure. The terraced house has five apartments. Each apartment includes two parking spaces and a yard of approx. 300 m2.

Fixed interest rate of the loan is 11% p.a. and interest is payable as a lump sum at the end of the loan period latest. Loan period is up to 6 months.

Crowdestate investors have previously financed the construction of the same terraced house. Previous loans have been correctly returned by the project owner.

Crowdestate

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