Funded
  • Deadline
    11.04.2022
  • Start of investment period
    14.04.2022
  • Start time
    24.03.2022 15:40
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    31.03.2023
  • Remaining term
    10 months
  • Expected rate of return
    13% p.a.
  • Expected cash yield
    %
  • No of investors
    129
  • Goal
    €81 000

Executive summary

This secured real estate crowdfunding project has a term of 12 months and bears interest of 13% p.a.
Project Owner aims to raise EUR 81, 000 for the purchase of development land in Marupe. The loan will be used for the partial payment for the land purchase transaction. The loan will be repaid within 12 months by refinancing it before the start of the construction works or from the Project Owner´s free cash flow.

This loan will be secured by a 2nd rank mortgage, which is set after the 1st rank mortgage securing the previous Crowdestate loan. The market value of the 8 111 m2 development land plot is EUR 267, 000 and the aggregated LTV of this tranche is 59%.
The principal of the loan and interest payment will be paid as a bullet payment at the end of the loan period.

Crowdestate

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