This investment opportunity allows investors to funds the construction of a small apartment building with 11 apartments and 2 business premises in Kohila parish, Vabaduse 16, Kohila, Estonia by the developer Starelement OÜ.This is the 2nd Crowdestate funding round of the development project launched in the summer of 2017.The Sponsor of the project, Starelement OÜ and its sole owner, Mr Jaanus Jässi (hereinafter: Sponsor) is looking to crowdfund EUR 170,000  for financing construction costs, planning to use less than the originally estimated amount of senior bank loans.The Sponsor has issued 100% share pledge in favor of Crowdestate Collateral Agent OÜ for the loan period. This investment opportunity offers investors a set fixed interest rate of 14% p.a. for a loan term of up to 7 months. In case the sales speed exceeds expectations, The Sponsor intends to repay the raised capital as fast as possible.The development stage of the project is currently at 75%, and notarized purchase agreements are concluded for 55% of the available units. Additionally, reservation agreements have been signed for two apartments and there are negotiations underway to sell commercial premises.

Ground-up residential development in regional centre of Estonia, investment opportunity volume 170 000 Euros with an annual interest rate of 14%

Real estate investment opportunity

Käesoleva investeerimisprojekti raames on Crowdestate'i investoritel võimalik rahastada Starelement OÜ poolt Kohila alevi keskuses asuvale Vabaduse tn 16 kinnistule rajatava 11 korteri ja 2 äripinnaga hoone ehitust. Tegemist on 2017. aasta suvel alustatud arendusprojekti 2. ühisrahastusvooruga.Projekti sponsor, Starelement OÜ ainuosanik Jaanus Jässi (edaspidi “Sponsor”) soovib ühisrahastuse kaudu kaasata 170 000 euro suuruses summas rahastajate kapitali, mida kasutatakse ehitustegevuse finantseerimiseks ja mille võrra kasutatakse vähem pangalaenu, mistõttu jääb projekti finantsvõimendus esialgselt plaanitud tasemele.Projekti Sponsor on seadnud projekti tagatiseks Starelement OÜ osadele pandi tagatisagendi, Crowdestate Collateral Agent OÜ kasuks. Investeerimisvõimalus on oodatava pikkusega on kuni 7 kuud ning intressimääraga 14% aasta baasil. Kui müügitempo osutub planeeritust kiiremaks, kavatseb Sponsor laenu tagastada kiiremini.Arenduse ehitusjärk on praeguseks 75% ning võlaõiguslikud lepingud on sõlmitud 55% korterite osas. Sellele lisaks on sõlmitud broneerimislepingud kahe korteri osas ning käivad läbirääkimised äripindade müümiseks.

В рамках данного проекта развития Starelement OÜ построит в центре поселка Кохила дом на 11 квартир с двумя коммерческими помещениями.Спонсор проекта привлекает капитал инвесторов в сумме 170 000 евро для финансирования строительства в дополнение к банковскому кредиту.Спонсор проекта предлагает в качестве обеспечения залог паев Star Element OÜ в пользу Агента по обеспечению Crowdestate Collateral Agent OÜ.Ожидаемая продолжительность инвестиционного проекта составляет до 7 месяцев и фиксированной нормой доходности 14% годовых.

Funding goal:	€ 170000
Expected return:	14 % p.a
Investment term:	5 months
Risk category:	D Risk assessment model
LTV:	Low risk %
Capital stack:	Unsecured loan

Vabaduse 16, Kohila (II)

Exited crowdfunding offer