Veeru St. 8, 10 and 12 development of three single-family houses is our new project. Investors are offered an opportunity to finance the construction of three houses in the total amount of 300,000 euros. The amount to be raised in the current fifth round is 75,000 euros. Amount raised in first four rounds was 225,000 euros.  Construction is in the progress: as compared to the previous funding round, the roof structures and roof underlayment of three houses have been installed; windows have been installed on all three houses; installation of exterior wall cladding is in progress. The construction deadline is April/May 2023. Properties are located near Elva small town, approx. 20 km (15 minutes drive) from Tartu city center. Tartu is the second largest city of Estonia. It is a new residential area consisting of approx. 40 plots. First new houses have already been completed and sold. Shops, kindergarten and school are within a radius of 1 to 4 km. The nearest bus stop is 600 - 700 meters away. All three houses have been pre-sold and the project owner has signed notarised contracts under the law of obligations.The size of each house is 156.8 m2 and they have an identical layout. Sales price is 230,000 euros. Investors' loans are secured by a first-rank joint mortgage on Veeru St. 8, 10 and 12 properties. Total market value of unbuilt properties before the start of the funding was 156,000 euros. LTV of the project will be below 70% during the project.Interest rate is 13% p.a. Interest is payable as a lump sum at the end of the period or on the sale of apartments. Investment period is up to 3 months. Crowdestate investors have funded the construction of adjacent Veeru tee 2, 4 and 6 private houses of the same size and style. The project owner has transferred ownership of the first house and repayed part of the loan. Next two houses will be transferred to new owners during April 2023.

Real estate investment opportunity in Estonia for property development offering 13% annual interest rate

Real estate investment | Veeru St. 8, 10 and 12

Veeru St. 8, 10 and 12 development of three single-family houses is our new project. Investors are offered an opportunity to finance the construction of three houses in the total amount of 300,000 euros. The amount to be raised in the current fifth round is 75,000 euros. Amount raised in first four rounds was 225,000 euros.  Construction is in the progress: as compared to the previous funding round, the roof structures and roof underlayment of three houses have been installed; windows have been installed on all three houses; installation of exterior wall cladding is in progress. The construction deadline is April/May 2023. Properties are located near Elva small town, approx. 20 km (15 minutes drive) from Tartu city center. Tartu is the second largest city of Estonia. It is a new residential area consisting of approx. 40 plots. First new houses have already been completed and sold. Shops, kindergarten and school are within a radius of 1 to 4 km. The nearest bus stop is 600 - 700 meters away. All three houses have been pre-sold and the project owner has signed notarised contracts under the law of obligations.The size of each house is 156.8 m2 and they have an identical layout. Sales price is 230,000 euros. Investors' loans are secured by a first-rank joint mortgage on Veeru St. 8, 10 and 12 properties. Total market value of unbuilt properties before the start of the funding was 156,000 euros. LTV of the project will be below 70% during the project.Interest rate is 13% p.a. Interest is payable as a lump sum at the end of the period or on the sale of apartments. Investment period is up to 3 months. Crowdestate investors have funded the construction of adjacent Veeru tee 2, 4 and 6 private houses of the same size and style. The project owner has transferred ownership of the first house and repayed part of the loan. Next two houses will be transferred to new owners during April 2023.

Real estate investment opportunity in Estonia for property development offering 12% annual interest rate

Toome teieni Veeru tee 8, 10 ja 12 kolme eramaja ehituse viienda rahastamisvooru summas 75 000 eurot. Investorid rahastaksid kogu projekti mahus kuni 300 000 eurot ja esimese nelja vooru maht oli kokku 225 000 eurot. Ehitustegevus käib: võrreldes eelmise rahastamisvooruga on paigaldatud kolme maja katusefermid, katuse aluskate ja roovitus; kõigile kolmele majale on paigaldatud aknad; käib laudise paigaldus. Ehituse tähtaeg on aprill/mai 2023. Veeru tee 8, 10 ja 12 kinnistud asuvad Elva külje all, Uuta külas, u. 20 km (15 minutit autosõitu) kaugusel Tartu kesklinnast. Tegemist on u. 40 elamumaa krundist koosneva arendusega, kus on uued või ehitusjärgus elamud. Poed, lasteaed ja kool asuvad 1 - 4 km raadiuses. Lähim bussipeatus 600 - 700 meetri kaugusel. Kõik kolm maja on müüdud ja sõlmitud on võlaõiguslikud müügilepingud. Eramajad on ühesuguse planeeringuga ja majade suurus on 156,8 m2. Majade müügihind on 230 000 eurot.Investorite laenud on tagatud 1. järjekoha ühishüpoteegiga Veeru tee 8, 10 ja 12 arenduskinnistutele. Hoonestamata kinnistute turuväärtus rahastamise alguse hetkel oli 156 000 eurot. LTV ei ületa projekti kehtivuse aja jooksul 70%.Laenudelt arvestatakse intressi 13% aasta baasil. Intress makstakse välja ühekordse maksena perioodi lõpus või korteriomandite müümisel. Laenude tagasimakse allikaks on majade müügitulu. Laenuperiood on 3 kuud. Crowdestate investorid on rahastanud sama projektiomaniku Veeru tee 2, 4 ja 6 elamute ehitust. Esimene maja on müüdud ja investorite laen tagasi makstud. Järgmise kahe maja asjaõigusliku müügilepingu sõlmimine toimub 2023.a aprilli jooksul.

Ühepereelamute ehituse finantseerimine, Tartu, Nõo vald, Uuta küla, laenuintress 13% aasta baasil

Funding goal:	€ 75000
Expected return:	13.7 % p.a
Investment term:	2 months
Risk category:	B Risk assessment model
LTV:	Low risk %
Capital stack:	Secured loan

Veeru tee 8, 10 ja 12, Nõo vald (V)

Funded investment