In May 2022, investors financed the acquisition of Lennuvälja tee 29 property and the release of capital against an additional mortgage in the total amount of 95,000 euros. To date, Lennuvälja tee 29 twin-house building permit has been issued, and the project owner intends to refinance the previous loan and receive an additional 25,000 euros to start construction. Therefore, the amount to be raised in the current round is 120,000 euros. The total construction cost of the twin-house is 200,000 euros, and investors' loans will be up to 284,000 euros. Funding of subsequent rounds will be based on construction deeds.The property is located approx. 10 km from Tartu city center. Tartu is the second largest city of Estonia. Schools, kindergartens and shops are located on the border of Tartu city and in Ülenurme and Tõrvandi centers approx. 6-7 km away. The size of a twin-house apartment is 105.8 m2 and they have an identical layout. The planned sales price of one apartment is 210,000 euros. Investors' loans are secured by a first-rank joint mortgage on Lennuvälja tee 29 and Lennuvälja tee 27 properties. The latter is a property with residential house offered as an additional security and it borders with the development property. Total market value of properties is 167,000 euros. Maximum LTV of the project is 78%. Interest rate is 12% p.a. Interest is payable as a lump sum at the end of the period or on the sale of apartments. Investment period is up to 10 months.

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

Real estate investment | Lennuvälja St. 29

In May 2022, investors financed the acquisition of Lennuvälja tee 29 property and the release of capital against an additional mortgage in the total amount of 95,000 euros. To date, Lennuvälja tee 29 twin-house building permit has been issued, and the project owner intends to refinance the previous loan and receive an additional 25,000 euros to start construction. Therefore, the amount to be raised in the current round is 120,000 euros. The total construction cost of the twin-house is 200,000 euros, and investors' loans will be up to 284,000 euros. Funding of subsequent rounds will be based on construction deeds.The property is located approx. 10 km from Tartu city center. Tartu is the second largest city of Estonia. Schools, kindergartens and shops are located on the border of Tartu city and in Ülenurme and Tõrvandi centers approx. 6-7 km away. The size of a twin-house apartment is 105.8 m2 and they have an identical layout. The planned sales price of one apartment is 210,000 euros. Investors' loans are secured by a first-rank joint mortgage on Lennuvälja tee 29 and Lennuvälja tee 27 properties. The latter is a property with residential house offered as an additional security and it borders with the development property. Total market value of properties is 167,000 euros. Maximum LTV of the project is 78%. Interest rate is 12% p.a. Interest is payable as a lump sum at the end of the period or on the sale of apartments. Investment period is up to 10 months.

Investorid rahastasid 2022.a mais Lennuvälja tee 29 kinnistu soetamist ja lisatagatise vastu kapitali vabastamist kokku summas 95 000 eurot. Praeguseks on väljastatud Lennuvälja tee 29 paarismaja ehitusluba ja projekti omanik soovib refinantseerida varasema laenu ja saada ehituse alustamiseks täiendavad 25 000 eurot. Seega, praeguse rahastamisvooru maht on kokku 120 000 eurot. Paarismaja ehituse kogumaksumus on 200 000 eurot ja investorite laenude kogusumma on kuni 284 000 eurot. Järgnevate voorude rahastamine toimub ehitusaktide põhiselt.Lennuvälja tee 29 kinnistu asub Tartu kesklinnast u. 10 km kaugusel. Koolid, lasteaiad ja poed asuvad Tartu linna piiril ning Ülenurme ja Tõrvandi keskustes u. 6-7 km kaugusel. Paarismaja korteri suurus on 105,8 m2 ja need on identse planeeringuga. Korteri planeeritud müügihind on 210 000 eurot.Investorite laenud tagatakse 1. järjekoha hüpoteegiga Lennuvälja tee 29 arenduskinnistule ja lisatagatiseks seatakse 1. järjekoha hüpoteek Lennuvälja tee 27 hoonestatud naaberkinnistule. Kinnistute turuväärtus on hetkel 167 000 eurot. Maksimaalne LTV projekti kehtivuse aja jooksul on 78%.Laenudelt arvestatakse intressi 12% aasta baasil. Intress makstakse välja ühekordse maksena perioodi lõpus või korteriomandite müümisel. Laenude tagasimakse allikaks on korteriomandite müügitulu. Laenuperiood on 10 kuud.

Paariselamu ehituse finantseerimine, Tartu, Kambja vald, Külitse, laenuintress 12% aasta baasil

Rahastuseesmärk:	€ 120000
Oodatav tootlus:	12 % aastas
Investeerimisperiood:	10 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Lennuvälja tee 29, Kambja (I)

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