Samurcasi 33, Gulia, Tartasesti

The goal for this opportunity is to finance the construction of 12 individual houses, situated at 33, Samurcasi street, Gulia village, Tartasesti, Dambovita county. This will be phase 1 of a larger 30 houses project on a land of 21,101 sqm. 

Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan (for more information regarding senior debt, please check out this blog post - https://blog.crowdestate.eu/en/2020/secured-loan-definition/) in a total amount of EUR 400,000, arranged in 5 tranches, based on the progression of works. The goal of the current 1st tranche investment opportunity will be EUR 50,000. 

The source of reimbursement will be the sale of the houses when finalized. 

At this moment, all 12 houses of the 1st phase are pre-contracted and expected to be delivered between October 2020 - June 2021.

The investment tenor for this project is up to 12 months. The interest rate is 14.50% p.a. and it will be paid in monthly installments. The loan will be secured with 1st rank mortgage on the land and future buildings. The land has been evaluated for EUR 966,700.

The below video shows Homefield - the prior project of the Sponsor - now almost finalized.