The goal for this opportunity is to finance the construction of a 90 apartment building, situated at 199-201-203, Drumul Ciorogarla street, Bucharest, district 6, Romania. This will be Phase 1 of a larger 360 apartment development on a land of 10,000 sqm. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan (for more information regarding senior debt, please check out this blog post - <a href="https://blog.crowdestate.eu/en/2020/secured-loan-definition/">https://blog.crowdestate.eu/en/2020/secured-loan-definition/</a>) in a total amount of EUR 2,600,000, arranged in 7-8 tranches, based on the progression of works. This is the 5th tranche of the investment opportunity in the amount of EUR 300,000. The first tranche was EUR 262,300 (raised in November 2020), the second tranche was EUR 220,000 (raised in December 2020), the 3rd tranche was EUR 290,000 (raised in July 2021), the fourth tranche was EUR 200,000 (raised in October 2021).The source of reimbursement will be the sale of the units when finalized. At this moment, 12 apartments of the 1st phase are reserved (13%) for a cumulated price of ~EUR 855,000 and ~EUR 28,000 were paid in advance.The investment tenor for this tranche is up to 15 months. The interest rate is 13.5% p.a. and it will be paid in monthly installments.The loan will be secured with a 5th rank mortgage on the land and future buildings. Higher ranks are used to secure previous Crowdestate's loans, in total amount of EUR 972,300. The land has been evaluated for EUR 980,000. If we take into account all investments made up to date (~EUR 1.9 million + EUR 980,000 land valuation), the Loan-To-Cost  is 44%.

Real estate investment opportunity in Romania for property development

Investment opportunity | Drumul Ciorogarla 199-201-203, Bucharest, Romania

The goal for this opportunity is to finance the construction of a 90 apartment building, situated at 199-201-203, Drumul Ciorogarla street, Bucharest, district 6, Romania. This will be Phase 1 of a larger 360 apartment development on a land of 10,000 sqm. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan (for more information regarding senior debt, please check out this blog post - <a href="https://blog.crowdestate.eu/en/2020/secured-loan-definition/">https://blog.crowdestate.eu/en/2020/secured-loan-definition/</a>) in a total amount of EUR 2,600,000, arranged in 7-8 tranches, based on the progression of works. This is the 5th tranche of the investment opportunity in the amount of EUR 300,000. The first tranche was EUR 262,300 (raised in November 2020), the second tranche was EUR 220,000 (raised in December 2020), the 3rd tranche was EUR 290,000 (raised in July 2021), the fourth tranche was EUR 200,000 (raised in October 2021).The source of reimbursement will be the sale of the units when finalized. At this moment, 12 apartments of the 1st phase are reserved (13%) for a cumulated price of ~EUR 855,000 and ~EUR 28,000 were paid in advance.The investment tenor for this tranche is up to 15 months. The interest rate is 13.5% p.a. and it will be paid in monthly installments. The loan will be secured with a 5th rank mortgage on the land and future buildings. Higher ranks are used to secure previous Crowdestate's loans, in total amount of EUR 972,300. The land has been evaluated for EUR 980,000. If we take into account all investments made up to date (~EUR 1.9 million + EUR 980,000 land valuation), the Loan-To-Cost  is 44%.<img class="ta-insert-video" src="https://img.youtube.com/vi/A-IUSoFnorY/hqdefault.jpg" ta-insert-video="https://www.youtube.com/embed/A-IUSoFnorY" contenteditable="false" allowfullscreen="true" frameborder="0"/> <img class="ta-insert-video" src="https://img.youtube.com/vi/QH5Ybul8hyI/hqdefault.jpg" ta-insert-video="https://www.youtube.com/embed/QH5Ybul8hyI" contenteditable="false" allowfullscreen="true" frameborder="0"/>

Käesoleva investeerimisvõimaluse eesmärk on rahastada 90 korteriga elamu ehituskulusid. Projekt asub aadressil 199-201-203, Drumul Ciorogarla, Bukarest, 6, Rumeenia. Elamu asub 10 000 ruutmeetri suurusel maa-alal ning on 360 korteriga elamuarenduse esimene etapp. Crowdestate'i investoritel on võimalus investeerida hüpoteegiga tagatud seeniorlaenu kogusummas 2 600 000 eurot, jaotatud seitsmeks/kaheksaks osaks, lähtudes tööde edenemisest. Käesolev rahastusvoor on antud projekti viies, suuruses 300 000 eurot. Esimese vooruga kaasati 262 300 eurot, teise vooruga 220 000 eurot, kolmanda vooruga 290 000 eurot ja neljandaga 200 000 eurot. Tagasimaksed tehakse valmis korterite müügist. Käesoleva projekti avaldamise ajaks on broneeritud 12 esimese etapi korterit (13%) ligikaudu 855 000 euro eest, millest ligikaudu 28 000 eurot on saadud ettemaksena. Investeerimisperiood on kuni 15 kuud. Intressimäär on 13.5% aastas ning intressimakseid tehakse igakuiselt. Laen on tagatud viienda järgu hüpoteegiga maalapile ja tulevaste hoonetele. Kinnistu väärtuseks on hinnatud 980 000 eurot. Esimese, teise, kolmanda ja neljanda järgu hüpoteeke hoiavad vastavalt Crowdestate’i esimese, teise ja kolmanda rahastusvooru investorid. Peale käesolevat rahastamisvooru on antud projekti maaväärtusel põhinev LTV 44%. (~1.9 miljonit eurot omakapitali investeeringuid + 980 miljonit eurot maa väärtus).

Scopul acestei oportunitati este finantarea constructiei unui bloc de 90 de apartamente, situat la 199-201-203, strada Drumul Ciorogarla, Bucuresti, sector 6, Romania. Aceasta va fi faza 1 a unei dezvoltari mai mari de 360 ​​de apartamente pe un teren de 10.000 mp.Investitorii Crowdestate vor avea ocazia sa investeasca intr-un imprumut  senior (pentru mai multe informatii despre imprumuturi senior, va rugam sa consultati aceasta postare pe blog - https://blog.crowdestate.eu/en/2020/secured-loan-definition/ ) in valoare totala de 2.600.000 EUR, dispus in 7-8 transe, pe baza progresului lucrarilor. Aceasta este a cincea transa a oportunitatii de investitii, in valoare de 300.000 EUR. Prima transa a fost de 262.300 EUR (finantata in noiembrie 2020), a doua transa a fost de 220.000 EUR (finantata in decembrie 2020), a treia transa a fost EUR 290.000 (finantata in iulie 2021) iar a patra transa a fost de EUR 200.000 (finantata in octombrie 2021).Sursa rambursarii va fi vanzarea unitatilor la finalizare.In acest moment, 12 apartamente din prima faza sunt rezervate (13%) pentru un pret cumulat de ~ 855,000 EUR si ~ 28.000 EUR au fost platiti in avans.Perioada de imprumut pentru aceasta transa este de pana la 15 luni. Dobanda este de 13,5% pe an si va fi platita in rate lunare. Imprumutul va fi garantat cu o ipoteca de rangul 5 asupra terenului si a cladirilor viitoare. Rangurile superioare au fost folosite sa garanteze imprumuturile acordate de Crowdestate prin transele anterioare. Terenul a fost evaluat pentru 980.000 EUR. Daca luam in considerare toate investitiile realizate pana in prezent (~ 1.9 milion EUR + 980.000 EUR evaluare teren), Loan-To-Cost este de 44%.

The goal for this opportunity is to finance the construction of a 90 apartment building, situated at 199-201-203, Drumul Ciorogarla street, Bucharest, district 6, Romania. This will be Phase 1 of a larger 360 apartment development on a land of 10,000 sqm. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan (for more information regarding senior debt, please check out this blog post - <a href="https://blog.crowdestate.eu/en/2020/secured-loan-definition/">https://blog.crowdestate.eu/en/2020/secured-loan-definition/</a>) in a total amount of EUR 2,600,000, arranged in 7-8 tranches, based on the progression of works. This is the 5th tranche of the investment opportunity in the amount of EUR 300,000. The first tranche was EUR 262,300 (raised in November 2020), the second tranche was EUR 220,000 (raised in December 2020), the 3rd tranche was EUR 290,000 (raised in July 2021), the fourth tranche was EUR 200,000 (raised in October 2021).The source of reimbursement will be the sale of the units when finalized. At this moment, 12 apartments of the 1st phase are reserved (13%) for a cumulated price of ~EUR 855,000 and ~EUR 28,000 were paid in advance.The investment tenor for this tranche is up to 15 months. The interest rate is 13.5% p.a. and it will be paid in monthly installments. The loan will be secured with a 5th rank mortgage on the land and future buildings. Higher ranks are used to secure previous Crowdestate's loans, in total amount of EUR 972,300. The land has been evaluated for EUR 980,000. If we take into account all investments made up to date (~EUR 1.9 million + EUR 980,000 land valuation), the Loan-To-Cost  is 44%.

Romania

Euro

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Obiectiv de finanțare:	€ 300000
Randament așteptat:	13.5 % pe an
Durata investiției:	15 luni
Categoria de risc:	B Model de evaluare a riscurilor
LTV:	Risc scăzut %
Capital stack:	Împrumut garantat

Drumul Ciorogarla 199-201-203, Bucuresti (V)

Oferta de finanțare participativă ieșită