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 150,000. Crowdestate’ investors have previously invested in this project in the amount of EUR 800,000. The source of loan repayment is sales of completed apartments. Sponsor plans to complete the construction by the end of Summer 2020.As we publish this project, the construction is 65% completed and 7 apartments are sold. As apartments will be completed, this current sales rate is sufficient to return the loan principal and pay out interest.By an independent real estate professional who consulted us, in this current situation, banks tend to regard home loans as financeable and those buyers who have obtained positive financing decision before signing legal debt agreement, will get financing to finalise the transaction.The investment earns a fixed interest rate at 11% p.a. and the loan term is scheduled up to 9 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 1,88 million. Accordinglyt, the ratio of total amount of liabilities and collateral value (LTV) is 56%.

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 150,000. Crowdestate’ investors have previously invested in this project in the amount of EUR 800,000. The source of loan repayment is sales of completed apartments. Sponsor plans to complete the construction by the end of Summer 2020.As we publish this project, the construction is 65% completed and 7 apartments are sold. As apartments will be completed, this current sales rate is sufficient to return the loan principal and pay out interest.By an independent real estate professional who consulted us, in this current situation, banks tend to regard home loans as financeable and those buyers who have obtained positive financing decision before signing legal debt agreement, will get financing to finalise the transaction.The investment earns a fixed interest rate at 11% p.a. and the loan term is scheduled up to 9 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 1,88 million. Accordinglyt, the ratio of total amount of liabilities and collateral value (LTV) is 56%.

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

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

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 150,000. Crowdestate’ investors have previously invested in this project in the amount of EUR 800,000. The source of loan repayment is sales of completed apartments. Sponsor plans to complete the construction by the end of Summer 2020.As we publish this project, the construction is 65% completed and 7 apartments are sold. As apartments will be completed, this current sales rate is sufficient to return the loan principal and pay out interest.By an independent real estate professional who consulted us, in this current situation, banks tend to regard home loans as financeable and those buyers who have obtained positive financing decision before signing legal debt agreement, will get financing to finalise the transaction.The investment earns a fixed interest rate at 11% p.a. and the loan term is scheduled up to 9 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 1,88 million. Accordinglyt, the ratio of total amount of liabilities and collateral value (LTV) is 56%.

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 800,000 euro ulatuses.Projekti Sponsor, Paepanga Rivimajad OÜ soovib Crowdestate’i investoritelt kaasata 150,000 eurot, mida kasutatakse edasise ehitustegevuse finatseerimiseks. Laenu tagastamise allikaks on valminud korterite müük.Projekti avaldamise ajaks on arenduse ehitusjärguks 65%. 7 korterit on võlaõiguslike lepingute alusel müüdud. Selline müügimaht on piisav, et peale korterite valmimist tagastada peale käesolevat rahastusvooru moodustuv laenukohustus ja maksta välja intressid.Meid nõustanud sõltumatu kinnisvaraprofessionaali sõnul on projekti avaldamise ajal tekkinud olukorras pankade üldiseks seisukohaks eluasemelaunude juures, et need, kes võlaõigusliku lepingu sõlmimiseks on pangast positiivse vastuse saanud, saavad pangast eluasemele ka finantseerimise.  Laenuperioodiks on 9 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 1,88 milj. eurot. Vastavalt sellele moodustab laenukohusutuste summa vara väärtusest (LTV) 56%.

Real estate investment | Paevälja 6, 8, 10 (III)

L’obiettivo dell'attuale opportunità di investimento è quello di finanziare la costruzione di tre case a schiera con 12 appartamenti a Paevälja Road 6, Paevälja Road 8 e Paevälja Road 10 a Viimsi, Estonia. L'importo di questa tornata di finanziamenti è di 150.000 euro. Gli investitori dil Crowdestate hanno già investito in questo progetto per un importo di 800.000 euro. La fonte di rimborso del prestito è la vendita degli appartamenti completati. La società Sponsor prevede di completare la costruzione entro la fine dell'estate 2020.Mentre pubblichiamo questo progetto, la costruzione è completata a 65% e 7 appartamenti sono già stati venduti. Poiché gli appartamenti saranno completati, questo tasso di vendita attuale è sufficiente per restituire il capitale del prestito e pagare gli interessi.Il tasso di rendimento del prestito è del 11% annuo e la durata prevista del prestito è di 9 mesi. Il prestito è garantito da un'ipoteca di 1° grado su 11 appartamenti delle proprietà Paevälja Road 6, Paevälja Road 8 e Paevälja Road 10. Uno degli appartamenti è ipotecato al comune locale per garantire gli investimenti in infrastrutture legate allo sviluppo di Paevälja Road.Il valore della garanzia è di 1,88 milioni di euro. Di conseguenza, il rapporto tra l'ammontare totale delle passività e il valore delle garanzie (LTV) è 56%.

Rahastuseesmärk:	€ 150000
Oodatav tootlus:	11 % aastas
Investeerimisperiood:	8 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Paevälja tee 6, 8, 10, Lubja (III)

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