Hereby we present 7th. funding round for apartment building development at Kreutzwaldi 59c, in Võru, Estonia.In previous funding rounds, Crowdestate investors have invested EUR 1,400,000 in this project. In this current tranche the Sponsor, Tamula Kodu OÜ targets funding of EUR 700,000. The Sponsor is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building.The objective of this investment opportunity is to fund bridge loan in the amount of EUR 700,000. The bridge loan will be used to partially refinance current loans during development and sales period.As we are publishing this project, there are 19 apartments sold based on legal debt agreements and 8 apartments booked based on booking agreements.To return currently outstanding loans, Sponsor has to sell 22 apartments.According to building reports, the project is 58% completed. The sponsor is optimistic that it is possible to receive use permit and sell sufficient number of apartments for returning all outstanding loans by the end of July 2019. This tranche will earn a 15% fixed annual interest, loan period is set up to 11 months. Calculated rate of return (IRR) for this tranche is 15,89%.All loans in all tranches have a 1st. lien cross-collateral mortgage in the total amount of EUR 1,927,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent.

Invest in a real estate development in Estonia and earn 13% p.a.

Mortgage secured real estate investment opportunity

Hereby we present 7th. funding round for apartment building development at Kreutzwaldi 59c, in Võru, Estonia.In previous funding rounds, Crowdestate investors have invested EUR 1,400,000 in this project. In this current tranche the Sponsor, Tamula Kodu OÜ targets funding of EUR 700,000. The Sponsor is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building.The objective of this investment opportunity is to fund bridge loan in the amount of EUR 700,000. The bridge loan will be used to partially refinance current loans during development and sales period.As we are publishing this project, there are 19 apartments sold based on legal debt agreements and 8 apartments booked based on booking agreements.To return currently outstanding loans, Sponsor has to sell 22 apartments.According to building reports, the project is 58% completed. The sponsor is optimistic that it is possible to receive use permit and sell sufficient number of apartments for returning all outstanding loans by the end of July 2019. This tranche will earn a 15% fixed annual interest, loan period is set up to 11 months. Calculated rate of return (IRR) for this tranche is 15,89%.All loans in all tranches have a 1st. lien cross-collateral mortgage in the total amount of EUR 1,927,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent.

Invest in a real estate development in Estonia and earn 15% p.a.

Käesolev on järjekorras 7.  rahastusvoor projekti Sponsori - Tamula Kodu OÜ - poolt Võrus, aadressil Kreutzwaldi 59c asuva korterelamuarenduse rahastamiseks.Seniste rahastusvoorude kaudu on Crowdestate'i investorid paigutanud sellesse arendusse kokku 1 400 000 eurot. Käesoleva vooru maht on kuni 700 000 eurot. Rahastusvooru eesmärk on rahastada sildlaenu projekti olemasolevate kohustuste osaliseks refinantseerimiseks ehitus- ja müügitegevuse lõpuni.Arenduses on kokku 68 korterit. Käesoleva rahastusvooru avaldamise hetkeks on 19 korterit notariaalse võlaõigusliku lepingu alusel müüdud ja 8 korterit on broneeritud. Olemasolevate ja antud rahastusvooru käigus kaasatavate vahendite tagastamiseks piisab 22 korteri müümisest.Vastavalt ehitusaktidele on arendus valmimisjärgus 58%. Sponsor peab realistlikuks, et kasutusluba hoonele väljastatakse ja laenu tagasimakset võimaldav korterite maht müüakse enne käesoleva aasta juuli lõppu.Finantseerimisvooru fikseeritud intressimäär on 15% aasta baasil ja laenu perioodiks kuni 11 kuud, prognoositavaks investeeringu sisemiseks tootlusläveks (IRR) on 15,89%. Laen on tagatud 1. järjekoha hüpoteegiga Crowdestate Collateral Agent’i kasuks kogusummas 1 927 000 eurot.

Rahastuseesmärk:	€ 700000
Oodatav tootlus:	15.89 % aastas
Investeerimisperiood:	16 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Kreutzwaldi 59c, Võru (VII)

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