In previous rounds Crowdestate investors financed the construction of a new Helme retirement home in amount of EUR 700,000. Current and fifth round offers EUR 100,000 investment opportunity. The Sponsor has been providing care for the elderly in the current 75-bed <a href="https://helmepansionaat.ee/" target="" style="background-color: transparent;color: rgb(73, 131, 195);">Helme Retirement Home</a> since 2014. To meet the growing demand, the Sponsor has acquired the adjacent building, which can be converted into a 160-bed retirement home. Helme retirement home is located in Helme borough, Valga County, approx. 2 km from city of Tõrva. It is a beautiful place next to Helme primeval valley and manor park.The first stage of the construction works will be completed on 15.04.21 and 60 beds can be filled immediately after receiving the permit of use. In the second phase, another 40 beds will be added. Another 60 beds will initially stay in reserve and will be built as additional demand arises. The roads and parking areas around the house are covered with gravel and await asfalt paving in the spring. The attached photos are as of March 20, 2021. The total construction cost of the project is EUR 1.16 million, of which EUR 150,000 will be covered by the PRIA fund (non-refundable grant from Agricultural Registers and Information Board), EUR 210,000 is the Sponsor's own equity and EUR 800,000 will be Crowdestate investors' loan. The Sponsor will conclude a contract with Tõrva municipality for 35 beds and there are 25 more people in queue for care services. Thus, when a new retirement home is opened, 60 places would be filled immediately. &#65279;Loan interest is 11% on an annual basis and the first interest payment is due in 6 months. The investment period is 8 months, plus a double 6-month extension option (interest 12% after the first extension and 14% after the second extension). Investors' loans are secured by a 1st mortgage on a property under renovation, a guarantee from AS Helme Pansionaat (the operator of 75-bed retirement home) and a personal surety of the Sponsor's key person Sven Allas. Crowdestate investors' loan will be repaid by refinancing with a long-term bank loan. The Sponsor's current 75-bed retirement home has been financed by Swedbank, which has also expressed its willingness to refinance the construction loan after obtaining of the permit of use and when retirement home is operational.&#65279;

Mortgage secured construction loan with interest rate 11% p.a., investment period 8 months

Investment opportunity | Helme Retirement Home

In previous rounds Crowdestate investors financed the construction of a new Helme retirement home in amount of EUR 700,000. Current and fifth round offers EUR 100,000 investment opportunity. The Sponsor has been providing care for the elderly in the current 75-bed <a href="https://helmepansionaat.ee/" target="">Helme Retirement Home</a> since 2014. To meet the growing demand, the Sponsor has acquired the adjacent building, which can be converted into a 160-bed retirement home. Helme retirement home is located in Helme borough, Valga County, approx. 2 km from city of Tõrva. It is a beautiful place next to Helme primeval valley and manor park.The first stage of the construction works will be completed on 15.04.21 and 60 beds can be filled immediately after receiving the permit of use. In the second phase, another 40 beds will be added. Another 60 beds will initially stay in reserve and will be built as additional demand arises. The roads and parking areas around the house are covered with gravel and await asfalt paving in the spring. The attached photos are as of March 20, 2021. The total construction cost of the project is EUR 1.16 million, of which EUR 150,000 will be covered by the PRIA fund (non-refundable grant from Agricultural Registers and Information Board), EUR 210,000 is the Sponsor's own equity and EUR 800,000 will be Crowdestate investors' loan. The Sponsor will conclude a contract with Tõrva municipality for 35 beds and there are 25 more people in queue for care services. Thus, when a new retirement home is opened, 60 places would be filled immediately. &#65279;Loan interest is 11% on an annual basis and the first interest payment is due in 6 months. The investment period is 8 months, plus a double 6-month extension option (interest 12% after the first extension and 14% after the second extension). Investors' loans are secured by a 1st mortgage on a property under renovation, a guarantee from AS Helme Pansionaat (the operator of 75-bed retirement home) and a personal surety of the Sponsor's key person Sven Allas. Crowdestate investors' loan will be repaid by refinancing with a long-term bank loan. The Sponsor's current 75-bed retirement home has been financed by Swedbank, which has also expressed its willingness to refinance the construction loan after obtaining of the permit of use and when retirement home is operational.&#65279;<div></div>

Toome teieni <a href="https://helmepansionaat.ee/" target="">Helme Pansionaadi</a> laienduse finantseerimise viienda rahastamisvooru summas 100 000 eurot. Esimeses neljas voorus on investorid finantseerinud ehitust summas 700 000 eurot. Sponsor on osutanud vanurite hooldusteenust senises 75-kohalises hooldekodus alates 2014. aastast. Kasvava nõudluse rahuldamiseks on Sponsor soetanud naaberkinnistul endise kutseõppekeskuse hoone, mida on võimalik ehitada ümber 160-kohaliseks hooldekoduks. Helme Pansionaat asub Valgamaal Helme alevikus, Helme ürgoru ja mõisapargi kõrval, u. 2 km kaugusel Tõrva linnast. Suuremate Lõuna-Eesti tõmbekeskuste kaugused on järgmised: Tartu 72 km, Valga 32 km, Põlva 87 km, Võru 82 km ja Jõgeva 121 km.Ehitustööde esimene etapp lõpetatakse 15.04.21 ja 60 voodikohta on kasutusloa saades võimalik kohe täita. Teises etapis valmib veel 40 voodikohta ja 60 kohta jääb esialgu reservi ja need ehitatakse välja täiendava nõudluse tekkides. Lisatud pildid on tehtud 23.03.21 seisuga. Hoone ümbruses olevad teed ja parkimisalad on kaetud killustikalusega ja ootavad kevadel asfalteerimist.  Projekti ehituse maksumus kokku on 1,16 miljonit eurot, millest 150 000 eurot katab PRIA, 210 000 eurot on Sponsori omaosalus ja Crowdestate’i investorite finantseering 800 000 eurot. Sponsoril on Tõrva vallaga sõlmimisel leping 35 voodikohale ja praeguses hooldekodu teenuse järjekorras on 25 inimest. Seega, uue hooldekodu avamisel oleks kohe 60 kohta täidetud.Laenu intress on 11% aasta baasil ja esimene intressimakse toimub 6 kuu möödudes laenusumma väljastamisest. Investeerimisperiood on 8 kuud, millele lisandub 6 kuuline kahekordne pikendamise võimalus (intress peale esimest pikendamist 12% ja peale teist pikendamist 14%). Investorite laenud on tagatud 1. järjekoha hüpoteegiga renoveeritava hoonega kinnistule, AS Helme Pansionaat käendusega ja Sponsori võtmeisiku Sven Allas’e isikliku käendusega. Crowdestate’i investorite laenu tagasimakse toimub projekti käivitumise järgselt pikaajalise pangalaenuga refinantseerimise teel. Sponsori senist 75-kohalist Helme Pansionaati on finantseerinud Swedbank, kes on ka avaldanud valmisolekut refinantseerida ehituslaen peale kasutus- ja tegevusloa saamist.

Rahastuseesmärk:	€ 100000
Oodatav tootlus:	11.4 % aastas
Investeerimisperiood:	14 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Helme Hooldekodu (V)

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