This is the second real estate investment project on the Crowdestate crowdfunding platform from Liepaja city in Latvia. With this project, Sponsor aims to raise funds to complete a multi-apartment building development process. The building has a 972 m2 net saleable area. The maximal goal of this final tranche is 60 000 Euros and the interest rate will be 12% p.a. The loan is raised for the purpose to complete the construction process and one of the strengths of this project is that the Sponsor’s equity is fully invested, renovation works are close to being finished and building commissioned so that sales deals of the apartments can be carried out and apartments handed over to buyers.  The loan will be secured by a 1st rank mortgage on the development project real estate. Real estate company Latio has estimated that after full completion of construction, the value and sales price of 1m2 would be 1125 EUR, which estimates projected revenues in the amount of at least 1 090 000 EUR. This is a short-term investment opportunity. The principal and interest payment will be done as a bullet payment at the end of the 9-month loan period or earlier following the sales of the apartments. 4 apartments have reservation agreements, sale of 5 apartments provides a full exit for Crowdestate investors.

Invest in development in Latvia and earn 12% p.a.

Investment opportunity | 12% return p.a.

This is the second real estate investment project on the Crowdestate crowdfunding platform from Liepaja city in Latvia. With this project, Sponsor aims to raise funds to complete a multi-apartment building development process. The building has a 972 m2 net saleable area. The maximal goal of this final tranche is 60 000 Euros and the interest rate will be 12% p.a. The loan is raised for the purpose to complete the construction process and one of the strengths of this project is that the Sponsor’s equity is fully invested, renovation works are close to being finished and building commissioned so that sales deals of the apartments can be carried out and apartments handed over to buyers.  The loan will be secured by a 1st rank mortgage on the development project real estate. Real estate company Latio has estimated that after full completion of construction, the value and sales price of 1m2 would be 1125 EUR, which estimates projected revenues in the amount of at least 1 090 000 EUR. This is a short-term investment opportunity. The principal and interest payment will be done as a bullet payment at the end of the 9-month loan period or earlier following the sales of the apartments. 4 apartments have reservation agreements, sale of 5 apartments provides a full exit for Crowdestate investors.

Käesoleva projektiga soovib Sponsor kaasata 60 000 eurot, et finantseerida korterelamu ehituse lõpuleviimist. Antud korterelamu kogu müüdava ala suuruseks on 972m2. Hindamisakti kohaselt on ühe ruutmeetri müügihinna oletatavaks suuruseks 1125 eurot, ehk kogu korterelamu väärtus müügijärgselt on 1 090 000 eurot. Hindamisakti on koostanud LATIO. See teeb Crowdestate’ investorite LTV suhteks 23%. Tegemist on lühiajalise investeerimisvõimalusega, mille põhiosa- ja intressimakse tehakse täismaksena 9-kuulise laenuperioodi lõpus.

Latvia

Rahastuseesmärk:	€ 60000
Oodatav tootlus:	12 % aastas
Investeerimisperiood:	11 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Kaiju iela 12/14, Liepāja (IV)

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