Funded
  • Deadline
    25.08.2021
  • Start of investment period
    16.08.2021
  • Start time
    11.08.2021 09:05
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    31.01.2022
  • Remaining term
    3 months
  • Expected rate of return
    9.5% p.a.
  • Expected cash yield
    %
  • No of investors
    130
  • Goal
    €79 000

Executive summary

The purpose of this current investment opportunity is to finance a semi-detached house project at Ristiku tn 4, 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 semi-detached house in total amount of EUR 144,000 with several investment rounds. The amount of the second round is EUR 79,000. In previous round Crowdestate investors invested in the project EUR 50,000. Construction is in progress - the house box is closed, interior and exterior decoration works has begun. The construction deadline is October-November 2021. 

All two apartments have been pre-sold with notarised agreement.

The fixed interest rate is 9,5% p.a. There are no periodical interest payments. The investment period is up to 6 months.

Apartment sizes are 93,3 m2 (2 apartments). The average apartment price is EUR 149,000. 

The loan is secured by a first-rank mortgage on residential land plot at Ristiku tn 4, Pukamäe municipality, Kohila parish, Rapla county.

According to the construction supervision acts, the current value of all two apartments at Ristiku tn 4 is EUR 162,000 . According to that, the ratio of the current liabilities and collateral value (LTV) is 79,6%.

Crowdestate

Site is down for maintenance, please check back in 15 minutes