With this project, the Crowdestate investors will have the opportunity to invest in a mortgage-secured senior loan for a maximum of EUR 385,000 arranged in 1 tranche.The funds will be partially used to refinance current obligations and partially to finance the costs for repairing the utility connections of the land plot, for submitting the detailed urban plan documentation, for creating the project design and for obtaining the building permit for the construction of one unique luxury individual house with a swimming pool, UG+GF+3F with a total built area of ~850 sqm. To secure the loan, the Project Owner offers the first-rank mortgage over the land plot with a total area of 679 sqm, located in District 2, in a very good area of Bucharest, very close to the city center. According to the attached appraisal,  the minimum market value of the land plot is EUR 884,100, being submitted by Fortis Global Management. Therefore, considering the 1st rank mortgage of EUR 884,100, if Crowdestate investors will fund the total amount, the maximum LTV will be 43,55%. The interest rate of the loan is 15% per annum.The loan period is 6 months, with the Project Owner's right to extend the loan period by max. 6 months with the obligation to increase the interest rate by 2% for the extended period. The principal and interest payments will be made at the end of the loan period. The loan will be  repaid  from selling other ongoing projects, equity from the shareholders or group companies, refinancing from a local bank or if it will be the case from selling the future authorized project.

Real estate investment opportunity in Romania, mortgage-backed 6 month loan offering 15% annual interest rate

Investment opportunity | Mortgage loan in District 2, Bucharest

Romania

Euro

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Strada Icoanei 105b, București

Ivanica Razvan-Traian-Mihai

Balalau Dragos-Mihai

Funding goal:	€ 385000
Expected return:	15 % p.a
Investment term:	7 months
Risk category:	B Risk assessment model
LTV:	Low risk 43.55%
Capital stack:	Secured loan

Strada Icoanei 105b, București

Funded investments