We bring you the second funding round of the apartment building located at <a href="https://arendused.lvm.ee/kohilakodud/" target="" style="background-color: transparent;color: rgb(73, 131, 195);">Kiriku St. 4 in Kohila</a> small town. The development includes 8 apartments and 3 commercial premises with a total sellable area of 667 m2. Investors are offered an opportunity to finance Kiriku St. 4 construction in the total amount of up to 923,000 euros. The amount to be raised in the current third round is 29,500 euros. The property is located at Kiriku St. 4, Urge village, Kohila parish, Rapla county, Estonia. It is located 30-minute drive from Tallinn city center and is at the border of Kohila - a small town with well-developed infrastructure. Construction of Kiriku St. 4 apartment building has started: first and second floor walls and ceiling have been built, construction of the roof is underway. Expected construction deadline is December 2023. The attached pictures are as at May 25, 2023.The loan is secured by a 1st mortgage on Kiriku St. 4 property. Market value of the plot + unfinished building at the start of the funding was 327,000 euros and project's LTV 63% after the current funding round. There will be 8 apartments at an average size of 68.4 m2 and 3 commercial premises at a total size of 118.6 m2. Average sales price of an apartment is 180,000 euros (or 2,640 eur/m2).2 apartments have been pre-sold and 4 apartments booked.Fixed interest rate of the loan is 13% p.a. and accrued interest is payable at the end of the period. Investment period is up to March 31, 2024 (approx. 9 months) + 2 months extension option (extension period interest rate 15% p.a.). Kiriku St. 4 apartments' sales revenue will be the source for loan principal and interest payments. Crowdestate investors have also financed the following projects of the same project owner in Kohila: Ristiku St. 1, 2 and 3 town-houses and Ristiku St. 4 semi-detached house. The projects have been successful and contractual obligations fulfilled correctly.

Real estate investment opportunity in Estonia for property development offering 12.5% annual interest rate

Investment opportunity | Kiriku St. 4, Kohila

We bring you the second funding round of the apartment building located at <a href="https://arendused.lvm.ee/kohilakodud/" target="">Kiriku St. 4 in Kohila</a> small town. The development includes 8 apartments and 3 commercial premises with a total sellable area of 667 m2. Investors are offered an opportunity to finance Kiriku St. 4 construction in the total amount of up to 923,000 euros. The amount to be raised in the current third round is 29,500 euros. The property is located at Kiriku St. 4, Urge village, Kohila parish, Rapla county, Estonia. It is located 30-minute drive from Tallinn city center and is at the border of Kohila - a small town with well-developed infrastructure. Construction of Kiriku St. 4 apartment building has started: first and second floor walls and ceiling have been built, construction of the roof is underway. Expected construction deadline is December 2023. The attached pictures are as at May 25, 2023.The loan is secured by a 1st mortgage on Kiriku St. 4 property. Market value of the plot + unfinished building at the start of the funding was 327,000 euros and project's LTV 63% after the current funding round. There will be 8 apartments at an average size of 68.4 m2 and 3 commercial premises at a total size of 118.6 m2. Average sales price of an apartment is 180,000 euros (or 2,640 eur/m2).2 apartments have been pre-sold and 4 apartments booked.Fixed interest rate of the loan is 13% p.a. and accrued interest is payable at the end of the period. Investment period is up to March 31, 2024 (approx. 9 months) + 2 months extension option (extension period interest rate 15% p.a.). Kiriku St. 4 apartments' sales revenue will be the source for loan principal and interest payments. Crowdestate investors have also financed the following projects of the same project owner in Kohila: Ristiku St. 1, 2 and 3 town-houses and Ristiku St. 4 semi-detached house. The projects have been successful and contractual obligations fulfilled correctly.

Real estate investment opportunity in Estonia for property development offering 13% annual interest rate

Toome teieni Kohilas <a href="https://arendused.lvm.ee/kohilakodud/" target="">Kiriku tee 4</a> asuva kortermaja ehituse kolmanda rahastamisvooru. Tegemist on arendusega, mis hõlmab 8 korterit ja 3 äripinda müüdava pinnaga kokku 667 m2. Investoritele pakutakse võimalust rahastada 1. järjekoha hüpoteegi tagatisel hoone ehitust mahus kuni 923 000 eurot. Praeguse kolmanda vooru maht on 29 500 eurot.Projekt asub Kiriku tee 4, Urge külas, Kohila vallas, Rapla maakonnas. 30 minutilise autosõidu kaugusel Tallinna kesklinnast ja arenenud infrastruktuuriga Kohila alevi piiril. Elamu ehitus käib: esimese ja teise korruse seinad on valmis, hetkel käib maja katuse ehitus. Ehituse eeldatav valmimise tähtaeg on detsember 2023. Lisatud pildid on 25.05.23 seisuga.Laen on tagatud 1. järjekoha hüpoteegiga Kiriku tee 4  kinnistule. Kinnistu turuväärtus on 327 000 eurot ja projekti kulupõhine LTV peale käimasolevat vooru on 63%. Hoones saab olema 8 korterit keskmise suurusega 68,4 m2 ja kolm äripinda kokku 118,6 m2. Korterite keskmine müügihind on 180 000 eurot (e. 2640 eur/m2).  Kahe korteri müügiks on sõlmitud notariaalne võlaõiguslik müügileping ning kolme korteri ja ühe äripinna müügiks on sõlmitud broneerimislepingud.Laenu fikseeritud intressimäär on 13% aasta baasil ja see makstakse välja perioodi lõpus. Laenutähtaeg on 31.03.2024 (u. 9 kuud), millele lisandub kuni 2-kuuline ühekordne pikendamise võimalus (pikendamisperioodi intress 15% p.a.). Laenu põhisumma ja intressi tagasimakse allikas on tulu Kiriku tee 4 korteriomandite müügitulu.Crowdestate investorid on rahastanud sama projektiomaniku varasemaid projekte Kohilas: Ristiku tn 1, 2 ja 3 ridamajad ning Ristiku tn 4 paarismaja. Projektid on olnud edukad  ja kohustused investorite ees täidetud korrektselt.

Rahastuseesmärk:	€ 29500
Oodatav tootlus:	13.1 % aastas
Investeerimisperiood:	9 kuud
Riskikategooria:	D Riskihindamise mudel
LTV:	Madal risk 63%
Capital stack:	Tagatud laen

Kiriku tee 4, Kohila (III)

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