The purpose of current investment opportunity is to continue financing construction costs of a 5-apartment terraced house project. The property is located at Oja tee 4, in Loo municipality, Jõelähtme parish Harju country, Estonia; 3 km outside of Tallinn (capital) city limits and 15 km from Tallinn city center.Project Sponsor, Manopla OÜ seeks to raise EUR 462,000 in total to finance construction activities of Oja tee 4 development project.  With previous 3 funding rounds Crowdestate investors invested into the project EUR 175,700. Objective of current, the fourth funding round is to raise EUR 44,000, which will be used for financing the construction costs at Oja tee 4. The source of loan repayment is sale of completed apartments or refinancing through bank loan. The construction of the Oja tee 4 terraced house project has already started in October 2020. Sponsor intends to commission the project in Autumn 2021.The investment earns a fixed interest rate at 11% p.a. There is no periodic interest payments. Loan term is scheduled up to 6 months with a possibility to extend the loan term up to 6 months with higher interest rate of 13% p.a. The loan is secured by first rank mortgage on residential land plot of Oja tee 4, loo alevik, Jõelähtme municipality with valid construction permit. According to the valuation document, the value of the collateral at the beginning of the project was EUR 145,000. In our project analysis and in our financing decisions we assess the current property value somewhat lower, EUR 115,000. In our opinion this valuation would correspond better with economics of a development project with given parameters in that general location and we have capped the financing accordingly. To date, construction works have been completed in the amount of EUR 219,404. Done works are confirmed by construction supervision act. The ratio of loan amount of three funding rounds according to land plot reduced value and done construction works (LTV) is 66%.

Invest in a real estate development in Estonia and earn 11% p.a., full-bullet schedule

Real estate investment | Loo alevik

The purpose of current investment opportunity is to continue financing construction costs of a 5-apartment terraced house project. The property is located at Oja tee 4, in Loo municipality, Jõelähtme parish Harju country, Estonia; 3 km outside of Tallinn (capital) city limits and 15 km from Tallinn city center.Project Sponsor, Manopla OÜ seeks to raise EUR 462,000 in total to finance construction activities of Oja tee 4 development project.  With previous 3 funding rounds Crowdestate investors invested into the project EUR 175,700. Objective of current, the fourth funding round is to raise EUR 44,000, which will be used for financing the construction costs at Oja tee 4. The source of loan repayment is sale of completed apartments or refinancing through bank loan. The construction of the Oja tee 4 terraced house project has already started in October 2020. Sponsor intends to commission the project in Autumn 2021.The investment earns a fixed interest rate at 11% p.a. There is no periodic interest payments. Loan term is scheduled up to 6 months with a possibility to extend the loan term up to 6 months with higher interest rate of 13% p.a. The loan is secured by first rank mortgage on residential land plot of Oja tee 4, loo alevik, Jõelähtme municipality with valid construction permit. According to the valuation document, the value of the collateral at the beginning of the project was EUR 145,000. In our project analysis and in our financing decisions we assess the current property value somewhat lower, EUR 115,000. In our opinion this valuation would correspond better with economics of a development project with given parameters in that general location and we have capped the financing accordingly. To date, construction works have been completed in the amount of EUR 219,404. Done works are confirmed by construction supervision act. The ratio of loan amount of three funding rounds according to land plot reduced value and done construction works (LTV) is 66%.

Meie järgmiseks investeerimisvõimaluseks on 5 korteriga ridaelamuarenduse finantseerimine. Arendus asub Loo alevikus, aadressil Oja tee 4. Kinnistu jääb Tallinna piiridest 3 km kaugusele ja Tallinna kesklinnast 15 km kaugsele.Projekti Sponsor, Manopla OÜ soovib Crowdestate’i investoritelt ehitustegevuse rahastamiseks kaasata kokku 462,000 eurot. Rahastus korraldatakse kuni 6 rahastusvooru kaudu. Varasemate rahastusvoorudega Crowdestate investorid investeerisid projekti sisse 175,700 eurot. Käesoleva, kolmanda rahastusvooru mahuks on 44,000 eurot. Laenu tagastamise allikaks on valminud korterite müük või refinantseerimine läbi pangalaenu. Oja tee 4 ridaelamu projekti ehitus algas 2020. aasta oktoobris. Projekti valmimise tähtaeg sügis 2021.a.Laenuperioodiks on 6 kuud ja fikseeritud intressimääraks 11% aasta baasil. Perioodilisi intressimakseid ei tehta.Sponsoril on võimalus lepinguperioodi ühepoolselt pikendada kuni 6 kuu võrra. Pikendusperioodi vältel on intressimääraks 13% aasta baasil.Laen on tagatud 1. järjekoha hüpoteegiga arendatavale kinnistule aadressil Oja tee 4, Loo alevik, Jõelähtme vald. Kinnistul on kehtiv ehitusluba ridaelamu projektile.Tagatisvara väärtuseks vastavalt hindamisaktile on 145,000 eurot. Finantsmudeli koostamisel ja finantseerimisel lähtume kinnistu väärtusest 115,000 eurot, mis on meie hinnangul paremas kooskõlas antud piirkonnas asuva ja antud parameetritega arendusprojekti ökonoomikaga. Omanikujärelevalve poolt kinnitatud ehitusakti järgi on ehitusse investeeritud 219,404 eurot. Vastavalt sellele moodustab eelmisest ja käesolevast rahastusvoorust lähtuvate kohustuste summa tagatisvara väärtusest (LTV) 66%.

The purpose of current investment opportunity is to continue financing construction costs of a 5-apartment terraced house project. The property is located at Oja tee 4, in Loo municipality, Jõelähtme parish Harju country, Estonia; 3 km outside of Tallinn (capital) city limits and 15 km from Tallinn city center.Project Sponsor, Manopla OÜ seeks to raise EUR 462,000 in total to finance construction activities of Oja tee 4 development project.  With previous 3 funding rounds Crowdestate investors invested into the project EUR 175,700. Objective of current, the fourth funding round is to raise EUR 44,000, which will be used for financing the construction costs at Oja tee 4. The source of loan repayment is sale of completed apartments or refinancing through bank loan. The construction of the Oja tee 4 terraced house project has already started in October 2020. Sponsor intends to commission the project in Autumn 2021.The investment earns a fixed interest rate at 11% p.a. There is no periodic interest payments. Loan term is scheduled up to 6 months with a possibility to extend the loan term up to 6 months with higher interest rate of 13% p.a. The loan is secured by first rank mortgage on residential land plot of Oja tee 4, loo alevik, Jõelähtme municipality with valid construction permit. According to the valuation document, the value of the collateral at the beginning of the project was EUR 145,000. In our project analysis and in our financing decisions we assess the current property value somewhat lower, EUR 115,000. In our opinion this valuation would correspond better with economics of a development project with given parameters in that general location and we have capped the financing accordingly. To date, construction works have been completed in the amount of EUR 219,404. Done works are confirmed by construction supervision act. The ratio of loan amount of three funding rounds according to land plot reduced value and done construction works (LTV) is 66%.

The purpose of current investment opportunity is to continue financing construction costs of a 5-apartment terraced house project. The property is located at Oja tee 4, in Loo municipality, Jõelähtme parish Harju country, Estonia; 3 km outside of Tallinn (capital) city limits and 15 km from Tallinn city center.Project Sponsor, Manopla OÜ seeks to raise EUR 462,000 in total to finance construction activities of Oja tee 4 development project.  With previous 3 funding rounds Crowdestate investors invested into the project EUR 175,700. Objective of current, the fourth funding round is to raise EUR 44,000, which will be used for financing the construction costs at Oja tee 4. The source of loan repayment is sale of completed apartments or refinancing through bank loan. The construction of the Oja tee 4 terraced house project has already started in October 2020. Sponsor intends to commission the project in Autumn 2021.The investment earns a fixed interest rate at 11% p.a. There is no periodic interest payments. Loan term is scheduled up to 6 months with a possibility to extend the loan term up to 6 months with higher interest rate of 13% p.a. The loan is secured by first rank mortgage on residential land plot of Oja tee 4, loo alevik, Jõelähtme municipality with valid construction permit. According to the valuation document, the value of the collateral at the beginning of the project was EUR 145,000. In our project analysis and in our financing decisions we assess the current property value somewhat lower, EUR 115,000. In our opinion this valuation would correspond better with economics of a development project with given parameters in that general location and we have capped the financing accordingly. To date, construction works have been completed in the amount of EUR 219,404. Done works are confirmed by construction supervision act. The ratio of loan amount of three funding rounds according to land plot reduced value and done construction works (LTV) is 66%.

Rahastuseesmärk:	€ 44000
Oodatav tootlus:	11 % aastas
Investeerimisperiood:	0 kuud
Riskikategooria:	C Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Oja tee 4, Loo (IV)

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