With this project, the Crowdestate investors will have the opportunity to invest in a mortgage secured loan in a total amount of EUR 150,000, arranged in 1-2 tranches. The 1st tranche of EUR 96,600 was raised in April-May 2024. This will be the 2nd tranche of the investment opportunity in the amount of EUR 53,400.The purpose of the loan is to raise the additional needed capital for ongoing construction works for the residential project consisting of 23 apartments within building B2, located in 12 Tractorului Street, Sibiu City, Sibiu County, Romania. This is Phase 3 of a larger 494 apartments, 34 villas, 1 kindergarten, 1 sport &amp; spa center and 3 restaurants development on a total land of ~53,000 sqm out of which ~20,000 sqm of green spaces and a park. Phase 1 including 42 apartments was completed in April 2022 and the units were fully sold. Phase 2 including 39 apartments was completed in August 2023 and already sold 34 units. At the present moment, the building permit for Phase 3 was already issued in March 2024 and construction works started immediately after. Already sold 14 units. To secure the loan, the Sponsor is offering the 2nd rank mortgage over one land plots that will be used for the development of a future residential project with a total area of 4500 sqm located near Strand-Campsor neighbourhood in Sibiu City, Romania. According to the attached appraisal report, the minimum market value of the land plot is EUR 297,000 (evaluated by Neoconsult Valuation Romania in April 2024). Therefore, if Crowdestate investors will fund the total amount requested, the max. LTV after the 2nd tranche will be ~50%. The loan period for this opportunity is 14 months, with a Sponsor's option to extend the loan period by 4 months. The interest rate of the loan is 15% per annum. If the Sponsor uses the right to extend the loan, the interest rate for extension rate will be 17%. The principal will be paid at the end of the loan period. The interest will be paid quarterly.  The loan will be repaid from the sale of the units when finalised, sale of the mortgaged collateral, sale of other land plots owned by the Sponsor,  refinancing or from  the Sponsor's operating revenues.

Real estate investment opportunity in Romania for construction financing offering 15% annual interest rate.

Investment opportunity | Campsor P461, Sibiu, Romania (II)

With this project, the Crowdestate investors will have the opportunity to invest in a mortgage secured loan in a total amount of EUR 150,000, arranged in 1-2 tranches. The 1st tranche of EUR 96,600 was raised in April-May 2024. This will be the 2nd tranche of the investment opportunity in the amount of EUR 53,400.The purpose of the loan is to raise the additional needed capital for ongoing construction works for the residential project consisting of 23 apartments within building B2, located in 12 Tractorului Street, Sibiu City, Sibiu County, Romania. This is Phase 3 of a larger 494 apartments, 34 villas, 1 kindergarten, 1 sport &amp; spa center and 3 restaurants development on a total land of ~53,000 sqm out of which ~20,000 sqm of green spaces and a park. Phase 1 including 42 apartments was completed in April 2022 and the units were fully sold. Phase 2 including 39 apartments was completed in August 2023 and already sold 34 units. At the present moment, the building permit for Phase 3 was already issued in March 2024 and construction works started immediately after. Already sold 14 units. To secure the loan, the Sponsor is offering the 2nd rank mortgage over one land plots that will be used for the development of a future residential project with a total area of 4500 sqm located near Strand-Campsor neighbourhood in Sibiu City, Romania. According to the attached appraisal report, the minimum market value of the land plot is EUR 297,000 (evaluated by Neoconsult Valuation Romania in April 2024). Therefore, if Crowdestate investors will fund the total amount requested, the max. LTV after the 2nd tranche will be ~50%. The loan period for this opportunity is 14 months, with a Sponsor's option to extend the loan period by 4 months. The interest rate of the loan is 15% per annum. If the Sponsor uses the right to extend the loan, the interest rate for extension rate will be 17%. The principal will be paid at the end of the loan period. The interest will be paid quarterly.  The loan will be repaid from the sale of the units when finalised, sale of the mortgaged collateral, sale of other land plots owned by the Sponsor,  refinancing or from  the Sponsor's operating revenues.

With this project, the Crowdestate investors will have the opportunity to invest in a mortgage secured loan in a total amount of EUR 150,000, arranged in 1-2 tranches. The 1st tranche of EUR 96,600 was raised in April-May 2024. This will be the 2nd tranche of the investment opportunity in the amount of EUR 53,400.The purpose of the loan is to raise the additional needed capital for ongoing construction works for the residential project consisting of 23 apartments within building B2, located in 12 Tractorului Street, Sibiu City, Sibiu County, Romania. This is Phase 3 of a larger 494 apartments, 34 villas, 1 kindergarten, 1 sport &amp; spa center and 3 restaurants development on a total land of ~53,000 sqm out of which ~20,000 sqm of green spaces and a park. Phase 1 including 42 apartments was completed in April 2022 and the units were fully sold. Phase 2 including 39 apartments was completed in August 2023 and already sold 34 units. At the present moment, the building permit for Phase 3 was already issued in March 2024 and construction works started immediately after. Already sold 14 units. To secure the loan, the Sponsor is offering the 2nd rank mortgage over one land plots that will be used for the development of a future residential project with a total area of 4500 sqm located near Strand-Campsor neighbourhood in Sibiu City, Romania. According to the attached appraisal report, the minimum market value of the land plot is EUR 297,000 (evaluated by Neoconsult Valuation Romania in April 2024). Therefore, if Crowdestate investors will fund the total amount requested, the max. LTV after the 2nd tranche will be ~50%. The loan period for this opportunity is 14 months, with a Sponsor's option to extend the loan period by 4 months. The interest rate of the loan is 15% per annum. If the Sponsor uses the right to extend the loan, the interest rate for extension rate will be 17%. The principal will be paid at the end of the loan period. The interest will be paid quarterly.  The loan will be repaid from the sale of the units when finalised, sale of the mortgaged collateral, sale of other land plots owned by the Sponsor,  refinancing or from  the Sponsor's operating revenues.

<div dir="ltr" style="text-align: left;"></div>Crowdestate'i investoritel on võimalus investeerida hüpoteegiga tagatud laenu kogusummas 150 000 eurot. Rahastus on korraldatud 1-2 voorus. Käesoleva, järjekorras teise rahastusvooru eesmärgiks on 53,400 eurot.Kaasatud vahendeid kasutatakse juba alustatud ehituse edasiseks finantseerimiseks. Elamute ehitusmaht koosneb 23 korterist hoones B2, mis asub aadressil 12 Tractorului Street, Sibiu City, Sibiu maakond, Rumeenia. See on 3. etapp suuremast 494 korteri, 34 villa, 1 lasteaia, 1 spordi- ja spaakeskuse ning 3 restorani arenduse teise etapiga, mille kogupindala on ~53 000 m2, millest ~20 000 m2 on haljasalad ja park. Esimene etapp, mis hõlmab 42 korterit, valmis 2022. aasta aprillis ja üksused olid täielikult müüdud. 2. etapp valmis 2023. aasta augustis ja 34 ühikut on juba müüdud. Praegu on 3. etapi ehitusluba väljastatud juba 2024. aasta märtsis ja ehitustööd algasid kohe pärast seda. Juba müüdud 14 ühikut.Laenu tagamiseks pakub projektiomanik 2. järjekoha hüpoteeki arenduskinnistule Sibiu kesklinnas, kinnistute suurus kokku 4500 m2. Lisatud hinnangu kohaselt on selle tagatise turuväärtus 297 000 eurot (hindas Neoconsult Valuation Romania). Seega LTV on ~50%.<table><tbody><tr><td>Investeerimisperiood on 14 kuud, kusjuures projektiomanikul on võimalus pikendada laenuperioodi 4 kuu võrra. Laenu intressimäär on 15% aastas. Kui projektiomanik kasutab laenu pikendamise õigust, on pikendamisperioodi intressimäär 17%. Põhisumma makstakse välja laenuperioodi lõpus. Intressi makstakse kord kvartalis.Laenu tagasimakse allikas on valminud ja tulevikus valmivate korterite müügitulust, hüpoteegiga tagatud varade, teiste projektiomanikule kuuluvate kruntide müügist, refinantseerimisest või projektiomaniku tegevustulust. </td></tr></tbody></table>

With this project, the Crowdestate investors will have the opportunity to invest in a mortgage secured loan in a total amount of EUR 150,000, arranged in 1-2 tranches. The 1st tranche of EUR 96,600 was raised in April-May 2024. This will be the 2nd tranche of the investment opportunity in the amount of EUR 53,400.The purpose of the loan is to raise the additional needed capital for ongoing construction works for the residential project consisting of 23 apartments within building B2, located in 12 Tractorului Street, Sibiu City, Sibiu County, Romania. This is Phase 3 of a larger 494 apartments, 34 villas, 1 kindergarten, 1 sport &amp; spa center and 3 restaurants development on a total land of ~53,000 sqm out of which ~20,000 sqm of green spaces and a park. Phase 1 including 42 apartments was completed in April 2022 and the units were fully sold. Phase 2 including 39 apartments was completed in August 2023 and already sold 34 units. At the present moment, the building permit for Phase 3 was already issued in March 2024 and construction works started immediately after. Already sold 14 units. To secure the loan, the Sponsor is offering the 2nd rank mortgage over one land plots that will be used for the development of a future residential project with a total area of 4500 sqm located near Strand-Campsor neighbourhood in Sibiu City, Romania. According to the attached appraisal report, the minimum market value of the land plot is EUR 297,000 (evaluated by Neoconsult Valuation Romania in April 2024). Therefore, if Crowdestate investors will fund the total amount requested, the max. LTV after the 2nd tranche will be ~50%. The loan period for this opportunity is 14 months, with a Sponsor's option to extend the loan period by 4 months. The interest rate of the loan is 15% per annum. If the Sponsor uses the right to extend the loan, the interest rate for extension rate will be 17%. The principal will be paid at the end of the loan period. The interest will be paid quarterly.  The loan will be repaid from the sale of the units when finalised, sale of the mortgaged collateral, sale of other land plots owned by the Sponsor,  refinancing or from  the Sponsor's operating revenues.

Prin acest proiect, investitorii Crowdestate vor avea ocazia sa investeasca intr-un imprumut garantat cu ipoteca in valoare totala de 150.000 euro, aranjat in 1-2 transe. Prima transa in suma de 96.600 euro a fost finantata in Aprilie-Mai 2024. Aceasta va fi a doua transa de finantare  in cadrul proiectului in suma de 53.400 euro.  Scopul imprumutului este finantarea capitalului suplimentar necesar pentru lucrarile de constructie aflate deja in derulare, aferente proiectului rezidential, compus din 23 apartamente aferente blocului B2 situat in Mun. Sibiu, Str. Tractorului, nr. 12, Jud. Sibiu, Romania. Aceasta este faza 3 a proiectului, proiect care cuprinde un numar total de 494 apartamente, 34 vile, 1 gradinita, 1 centru sport &amp; spa si 3 restaurante pe o suprafata totala de teren ~53.000 mp din care ~20,000 mp de parc si zona verde. Faza 1, care include 42 de apartamente, a fost finalizata in aprilie 2022, iar unitatile au fost vandute in totalitate. Faza 2 a fost finalizata in august 2023, 34 de unitati fiind deja vandute din totalul de 39 unitati. Sponsorul a obtinut in luna Martie 2024 emiterea autorizatiei de constructie pentru Faza 3, iar lucrarile de constructie au inceput imediat dupa. Din Faza 3 au fost deja vandute 14 unitati din totalul de 23 unitati. Pentru a garanta imprumutul, Sponsorul ofera ipoteca de rangul 2 asupra unui lot de teren, care va fi utilizat pentru dezvoltarea unui viitor proiect rezidential, in suprafata totala de 4500 mp situat in continuarea cartierului Strand-Campsor din orasul Sibiu. Conform raportului de evaluare atasat,  valoarea minima de piata a lotului de teren este de 297.000 euro (raport intocmit de catre Neoconsult Valuation Romania in Aprilie 2024). Prin urmare, daca investitorii Crowdestate vor finanta integral suma solicitata, LTV-ul maxim dupa transa 2 va fi de ~50%. Durata investitiei pentru aceasta transa este de 14 luni, Sponsorul avand optiunea de a prelungi perioada cu alte 4 luni, daca va fi cazul.  Rata dobanzii este de 15% pe an. Daca Sponsorul isi foloseste dreptul de a prelungi perioada imprumutului, rata dobanzii pentru perioada prelungita va fi de 17% pe an. Plata principalului se va face la finalul perioadei imprumutului, iar dobanda trimestrial.  Platile se vor face din vanzarea apartamentelor la finalizarea acestora, eventuala vanzare a lotului de teren adus in garantie,  vanzarea altor active/terenuri detinute de companie,  refinantare de la o banca locala sau alt creditor sau din profitul aferent activitatii operationale ale companiei.

Romania

Euro

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Campsor P461, Sibiu (II)

Raul Tarnaru

Obiectiv de finanțare:	€ 53400
Randament așteptat:	15 % pe an
Durata investiției:	18 luni
Categoria de risc:	B Model de evaluare a riscurilor
LTV:	Risc scăzut 50.51%
Capital stack:	Împrumut garantat

Campsor P461, Sibiu (II)

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