The purpose of current investment opportunity is to finance construction of terraced house project with 12 apartments in 3 separate buildings at Paevälja Road 6, Paevälja Road 8 and Paevälja Road 10, Viimsi, Estonia. The amount of this funding round is EUR 400,000. Crowdestate’ investors have previously invested in this project in the amount of EUR 400,000. The source of loan repayment is refinancing through a bank loan or by sales of completed apartments. Sponsor plans to complete the construction by Summer 2020.As we publish this project, the construction is 45% completed and 4 apartments are sold. As apartments will be completed, this current sales rate is sufficient to return the loan principal and pay out interest.The investment earns a fixed interest rate at 11% p.a. and the loan term is scheduled up to 12 months. The loan is secured by a 1st rank mortgage on 11 apartments of Paevälja Road 6, Paevälja Road 8 and Paevälja Road 10 properties. One of the apartments is mortgaged to local municipality to secure investments in infrastructure related to Paevälja Road development.The value of the collateral is EUR 1,377 million. Accordinglyt, the ratio of total amount of liabilities and collateral value (LTV) is 64%.

Invest in a real estate development in Estonia and earn 11% p.a.

Real estate investment | Paevälja tee 6, 8, 10 (II)

The purpose of current investment opportunity is to finance construction of terraced house project with 12 apartments in 3 separate buildings at Paevälja Road 6, Paevälja Road 8 and Paevälja Road 10, Viimsi, Estonia. The amount of this funding round is EUR 400,000. Crowdestate’ investors have previously invested in this project in the amount of EUR 400,000. The source of loan repayment is refinancing through a bank loan or by sales of completed apartments. Sponsor plans to complete the construction by Summer 2020.As we publish this project, the construction is 45% completed and 4 apartments are sold. As apartments will be completed, this current sales rate is sufficient to return the loan principal and pay out interest.The investment earns a fixed interest rate at 11% p.a. and the loan term is scheduled up to 12 months. The loan is secured by a 1st rank mortgage on 11 apartments of Paevälja Road 6, Paevälja Road 8 and Paevälja Road 10 properties. One of the apartments is mortgaged to local municipality to secure investments in infrastructure related to Paevälja Road development.The value of the collateral is EUR 1,377 million. Accordinglyt, the ratio of total amount of liabilities and collateral value (LTV) is 64%.

The purpose of current investment opportunity is to finance construction of terraced house project with 12 apartments in 3 separate buildings at Paevälja Road 6, Paevälja Road 8 and Paevälja Road 10, Viimsi, Estonia. The amount of this funding round is EUR 400,000. Crowdestate’ investors have previously invested in this project in the amount of EUR 400,000. The source of loan repayment is refinancing through a bank loan or by sales of completed apartments. Sponsor plans to complete the construction by Summer 2020.As we publish this project, the construction is 45% completed and 4 apartments are sold. As apartments will be completed, this current sales rate is sufficient to return the loan principal and pay out interest.The investment earns a fixed interest rate at 11% p.a. and the loan term is scheduled up to 12 months. The loan is secured by a 1st rank mortgage on 11 apartments of Paevälja Road 6, Paevälja Road 8 and Paevälja Road 10 properties. One of the apartments is mortgaged to local municipality to secure investments in infrastructure related to Paevälja Road development.The value of the collateral is EUR 1,377 million. Accordinglyt, the ratio of total amount of liabilities and collateral value (LTV) is 64%.

Käesolevaks investeerimisvõimaluseks on 12 korteriga ridaelamuarenduse ehituskulude finantseerimine. Projekti objektiks olev arendus koosneb kolmest 4 korteriga ridamajast Viimsis, aadressidel Paevälja tee 6, Paevälja tee 8 ja Paevälja tee 10. Crowdestate’i investorid on varem seda projekti rahastanud 400,000 euro ulatuses.Projekti Sponsor, Paepanga Rivimajad OÜ soovib Crowdestate’i investoritelt kaasata 400,000 eurot, mida kasutatakse edasise ehitustegevuse finatseerimiseks. Laenu tagastamise allikaks on refinantseerimine läbi pangalaenu või valminud korterite müük.Projekti avaldamise ajaks on arenduse ehitusjärguks 45%. 4 korterit on võlaõiguslike lepingute alusel müüdud. Selline müügimaht on piisav, et peale korterite valmimist tagastada kogu laenusumma ja maksta välja intressid.Laenuperioodiks on 12 kuud. Fikseeritud intressimääraks 11% aasta baasil. Laen on tagatud 1. järjekoha hüpoteekidega 11-le korteriomandile selles arendusprojektis. Üks korteritest on hüpoteegitud Viimsi vallale, tagamaks ehitusloa eelduseks olnud infrastruktuuri rajamist. Tagatisvara väärtuseks on 1,377 milj. eurot. Vastavalt sellele moodustab laenukohusutuste summa vara väärtusest (LTV) 64%.

Rahastuseesmärk:	€ 400000
Oodatav tootlus:	11 % aastas
Investeerimisperiood:	10 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Paevälja tee 6, 8, 10, Lubja (II)

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