Crowdestate investors have financed the acquisition of Oksa St. 6a property. The Sponsor is currently applying for a new 12-month loan to refinance the earlier loan in amount of EUR 110,000 and release equity in amount of EUR 10,000. Thus, with the current campaign the Sponsor intends to raise EUR 120,000. The loan is secured by the existing first-rank mortgage. Fixed interest rate is 8.5% p.a. and interest payments are on a monthly basis (expected internal rate (IRR) is 8.8%). According to the appraisal report, the market value of the collateral is EUR 197,000 and loan-to-value ratio (LTV) is 61%. The project sponsor (Oksa Arendus OÜ) is planning to build a 3-storey small apartment building on Oksa St. 6a property in Kristiine district, Tallinn. There will be 5 apartments and 3 non-residential premises.In August 2021, a building permit was issued for the property. The Sponsor plans to sell Oksa 6a property in case of a reasonable offer in order to focus on other development projects.

Residential real estate investment in Tallinn Estonia, 12 months, monthly payments, IRR 11% p.a.

Oksa St. 6a, Tallinn

Crowdestate investors have financed the acquisition of Oksa St. 6a property. The Sponsor is currently applying for a new 12-month loan to refinance the earlier loan in amount of EUR 110,000 and release equity in amount of EUR 10,000. Thus, with the current campaign the Sponsor intends to raise EUR 120,000. The loan is secured by the existing first-rank mortgage. Fixed interest rate is 8.5% p.a. and interest payments are on a monthly basis (expected internal rate (IRR) is 8.8%). According to the appraisal report, the market value of the collateral is EUR 197,000 and loan-to-value ratio (LTV) is 61%. The project sponsor (Oksa Arendus OÜ) is planning to build a 3-storey small apartment building on Oksa St. 6a property in Kristiine district, Tallinn. There will be 5 apartments and 3 non-residential premises.In August 2021, a building permit was issued for the property. The Sponsor plans to sell Oksa 6a property in case of a reasonable offer in order to focus on other development projects.

Crowdestate investorid on rahastanud Oksa tn 6a kinnistu soetamist. Praegusega taotleb Sponsor uue 12-kuulise laenu väljastamist, et refinantseerida varasem laen summas 110 000 eurot ning täiendavalt kapitali vabastamist summas 10 000 eurot. Käimasoleva kampaania raames soovitakse seega kaasata 120 000 eurot. Laen on tagatud olemasoleva esimese järjekoha hüpoteegiga ja uue laenu fikseeritud intressimäär on 8,5%. Igakuiste intressimaksetega laenu sisemine tootlus (IRR) on 8,8%. Tagatisvara turuväärtus on lisatud hindamisakti kohaselt 197 000 eurot ning laenu ja tagatisvara väärtuse suhe (LTV) 61%.Projekti Sponsor (Oksa Arendus OÜ) arendab Tallinnasse, Kristiine linnaosas asuvale Oksa 6a kinnistule 3-korruselise, 5 korteri ja 3 mitteeluruumiga hoone. Kinnistule väljastati augustis 2021 ehitusluba. Sponsor plaanib sobiva pakkumise korral Oksa 6a kinnistu müüa, et keskenduda teistele arendusprojektidele.

Rahastuseesmärk:	€ 120000
Oodatav tootlus:	8.8 % aastas
Investeerimisperiood:	2 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Oksa 6a, Tallinn (IV)

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