Ristiku 3, Pukamäe küla, Kohila vald (I)
Terraced house with 4 apartments, Pukamäe, Kohila
- Start of investment period28.04.2021
- Start time23.04.2021 11:10
- Asset classResidential
- Investment typeDevelopment
- Investment end date17.09.2021
- Remaining termOverdue 90+ days
- Expected rate of return9% p.a.
- Expected cash yield%
- No of investors291
- Goal€130 000
The purpose of this current investment opportunity is to finance a terraced house project at Ristiku tn 3, Pukamäe municipality, Kohila parish, Rapla country, Estonia. The project is located 30 min away by car from the Tallinn city centre and close to Kohila town with developed infrastructure.
Investors will be offered an opportunity to finance the construction of row-house with four apartments in total amount of EUR 250,000 with two investment rounds. The amount of the first round is EUR 130,000. Construction is in progress - installation of house elements is done, the roof has been installed and facade installation is underway. The construction deadline is July-August 2021.
All four apartments have been pre-sold.
The fixed interest rate is 9% p.a. There are no periodical interest payments. The investment period is up to 6 months with 3 months extension opportunity with an interest rate of 11% p.a. for the extension period.
Apartment sizes are 92 m2 (4 apartments). The average apartment price is EUR 126,750.
The loan is secured by a first-rank mortgage on residential land plot at Ristiku tn 3, Pukamäe municipality, Kohila parish, Rapla county.
According to the evaluation report of one apartments, the current value of all four apartments at Ristiku tn 3 is EUR 268,300 . According to that, the ratio of the current liabilities and collateral value (LTV) is 48%.