The purpose of the current investment opportunity is to refinance a renovation loan for an apartment located at Soinaste 8d-8, Tartu for its sales period.The source of repayment of the loan is either sale of the property or refinancing of the loan (in case of the rental model) at the end of the loan period. The loan is secured with a first lien mortgage set on the property.Reconstruction of the apartment involved changing apartment plan. Net area of the apartment was increased by 45% (from 69 m2 to 99,9 m2) by creating a partial mezzanine level. The project is approved by the Tartu Municipality.Currently, the apartment is as &#34;white box&#34;, meaning that the apartment is ready for finishing works. Sponsor intends to start the finishing works in February 2019 by installing floors, doors, tiles, sanitary equipment etc.The Sponsor has identified a potential buyer for the apartment and is planning to schedule the notarized sales transaction to take place in March - April 2019. This project has high potential of early exit.

A mortgage secured real estate investment crowdfunding project

Asset OU | Mortgage secured loan - Crowdestate

The purpose of the current investment opportunity is to refinance a renovation loan for an apartment located at Soinaste 8d-8, Tartu for its sales period.The source of repayment of the loan is either sale of the property or refinancing of the loan (in case of the rental model) at the end of the loan period. The loan is secured with a first lien mortgage set on the property.Reconstruction of the apartment involved changing apartment plan. Net area of the apartment was increased by 45% (from 69 m2 to 99,9 m2) by creating a partial mezzanine level. The project is approved by the Tartu Municipality.Currently, the apartment is as &#34;white box&#34;, meaning that the apartment is ready for finishing works. Sponsor intends to start the finishing works in February 2019 by installing floors, doors, tiles, sanitary equipment etc.The Sponsor has identified a potential buyer for the apartment and is planning to schedule the notarized sales transaction to take place in March - April 2019. This project has a high potential of an early exit.

Real estate investment crowdfunding project

Asset OU | Development  loan - Crowdestate

Käesoleva investeerimisvõimaluse eesmärk on aadressil Soinaste 8d-8, Tartu asuva korteri renoveerimiseks võetud investeerimislaenu refinantseerimiseks.Laenu tagasimaksmise allikaks on vara müük või laenu refinantseerimine (rendimudeli puhul) laenuperioodi lõpus. Laen on tagatud esimese järjekoha hüpoteegiga.Korteri ümberehitamise käigus muutus korteri planeering ning Sponsor lisas korterisse osalise vahekorruse, mille tulemusel kasvas korteri netopindala ca 45% võrra (69 m2-lt 99,9 m2-ni).Projekti ümberehitusprojekt on kinnitatud Tartu linnavalitsuse poolt.Praegu on korter &#34;valge karbi&#34;staadiumis, mis tähendab, et korter on valmis viimistlustöödeks. 2019. aasta veebruaris kavatseb Sponsor alustada põrandate, uste, plaatide, sanitaarseadmete jne paigaldamisega.Sponsori sõnul on korteril ostja, kellega sõlmitakse notariaalne müügitehing 2019. aasta märtsis / aprillis. Sponsor peab võimalikuks, et laen tagastatakse ennetähtaegselt samaaegselt korteri müügiga.

Kinnisvarainvesteeringute ühisrahastamise projekt

The purpose of the current investment opportunity is to refinance a renovation loan for an apartment located at Soinaste 8d-8, Tartu for its sales period.The source of repayment of the loan is either sale of the property or refinancing of the loan (in case of the rental model) at the end of the loan period. The loan is secured with a first lien mortgage set on the property.Reconstruction of the apartment involved changing apartment plan. Net area of the apartment was increased by 45% (from 69 m2 to 99,9 m2) by creating a partial mezzanine level. The project is approved by the Tartu Municipality.Currently, the apartment is as &#34;white box&#34;, meaning that the apartment is ready for finishing works. Sponsor intends to start the finishing works in February 2019 by installing floors, doors, tiles, sanitary equipment etc.The Sponsor has identified a potential buyer for the apartment and is planning to schedule the notarized sales transaction to take place in March - April 2019. This project has a high potential of an early exit.

Предоставлен инвестиционный проект для совместного финансирования развития недвижимости. Набирается сумма для рефинансирования ссуды на ремонт квартиры, расположенной по адресу Soinaste 8d-8, Тарту.Источником погашения кредита является либо продажа имущества, либо рефинансирование кредита в конце срока кредита. Кредит обеспечен ипотекой первого ранга.Реконструкция квартиры связана с изменением плана квартиры. Нетто площадь квартиры была увеличена на 45% (с 69 м2 до 99,9 м2) за счет создания частичного второго уровня.Проект одобрен муниципалитетом Тарту.В настоящее время квартира завершена до «белой коробки», а это означает, что квартира готова к окончательной отделке. В феврале 2019 года Спонсор намерен начать отделку, установив полы, двери, плитку, сантехнику и тд.Уже есть потенциальный покупатель этой квартиры и встреча с нотариусом запланирована на март / апрель 2019 года. Этот проект имеет высокий потенциал досрочного выхода.

Проект краудфандинга на развитие недвижимости

Funding goal:	€ 70000
Expected return:	11 % p.a
Investment term:	9 months
Risk category:	A Risk assessment model
LTV:	Low risk %
Capital stack:	Secured loan

Soinaste 8d-8, Tartu

Exited crowdfunding offer