Our new project offers the opportunity to grant a mortgage loan in the amount of 100,000 euros for the purchase and renovation of Aardla St. 15 apartments in Tartu. Amount to be raised in the current first round is 65,000 euros. Tartu is the second largest city in Estonia. Aardla St. 15 house is a 3-storey (incl. attic) commercial and reesidential building with the basement which the project owner intends to renovate. The building is located 3.8 km from Tartu city center. Busy intersection of Võru and Aardla streets is approx. 120 meters away. Selver and Rimi grocery stores and public transport stops are nearby. Investors finance the purchase and construction of Aardla St. 15 three apartment ownerships (non-residential). The total size of apartments is 140.7 m2 and are divided into five units with an average size of 28 m2. The apartments are located on the basement floor of the building. The project owner plans to complete the construction work, sell the apartments and repay the loan from the sales revenue.A 1st rank joint mortgage will be established on Aardla St. 15 apartments to secure investors’ loans. The market value of the collateral is 98,000 euros and expected LTV of the project is up to 75%. Loan period is up to 9 months (+ 2 months extension option). Fixed interest rate of the loan is 12% p.a. (14% after the extension) and interest is payable as a lump sum at the end of the loan period or when the apartment is sold.

Real estate investment opportunity in Estonia for apartment flipping offering 12% annual interest rate.

Investment opportunity | Aardla St. 15, Tartu

Our new project offers the opportunity to grant a mortgage loan in the amount of 100,000 euros for the purchase and renovation of Aardla St. 15 apartments in Tartu. Amount to be raised in the current first round is 65,000 euros. Tartu is the second largest city in Estonia. Aardla St. 15 house is a 3-storey (incl. attic) commercial and reesidential building with the basement which the project owner intends to renovate. The building is located 3.8 km from Tartu city center. Busy intersection of Võru and Aardla streets is approx. 120 meters away. Selver and Rimi grocery stores and public transport stops are nearby. Investors finance the purchase and construction of Aardla St. 15 three apartment ownerships (non-residential). The total size of apartments is 140.7 m2 and are divided into five units with an average size of 28 m2. The apartments are located on the basement floor of the building. The project owner plans to complete the construction work, sell the apartments and repay the loan from the sales revenue.A 1st rank joint mortgage will be established on Aardla St. 15 apartments to secure investors’ loans. The market value of the collateral is 98,000 euros and expected LTV of the project is up to 75%. Loan period is up to 9 months (+ 2 months extension option). Fixed interest rate of the loan is 12% p.a. (14% after the extension) and interest is payable as a lump sum at the end of the loan period or when the apartment is sold.

&#65279;Aardla tn 15 üürikorterite arendus on meie uus projekt, mille raames saavad investorid rahastada vara ostu ja ümberehitust kokku summas 100 000 eurot. Praeguse esimese vooru summa on 65 000 eurot. Aardla 15 hoone on 3-kordne (sh katusekorrus) soklikorrusega äri- ja eluhoone, mis asub Tartu kesklinnast u. 3,8 km kaugusel Võru ja Aardla tänavate ristmikust u. 120 meetri kaugusel. Läheduses on Selveri ja Rimi toidupoed ja ühistranspordi peatused. Investorid rahastavad Aardla 15 kolme korteriomandi (mitteeluruum) ostu ja ehitust. Korteriomandite suurus on kokku 140,7 m2 ja see jaguneb viieks ühikuks keskmise suurusega 28 m2. Korteriomandid asuvad maja soklikorrusel. Arendajal on plaan viia ehitustööd lõpule, müüa korteriomandid ja müügitulust laen tagasi maksta.  Investorite laenu tagab 1.järjekoha ühishüpoteek Aardla tn 15 renoveeritavatele korteriomanditele. Tagatisvara hinnatud turuväärtus tänasel kujul on 98 000 eurot ja projekti oodatav ehituskulude põhine LTV (laenu ja tagatisvara väärtuse suhe) on kuni 75%. Laenuperiood on 9 kuud ( kuni 2 kuud pikendamise võimalusega). Investorite laenult arvestatakse intressi 12% aasta baasil (pikendamisperioodi intress 14%) ja intress makstakse tagasi ühekordse maksega laenuperioodi lõpus või korteriomandite müümisel.

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

Investment opportunity | Aardla tn 15, Tartu

Estonia

Euro

Rahastuseesmärk:	€ 65000
Oodatav tootlus:	12.1 % aastas
Investeerimisperiood:	4 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Aardla tn 15, Tartu

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