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 100,000. Crowdestate’ investors have previously invested in this project in the amount of EUR 1,788,400. The source of loan repayment is sales of completed apartments.As we publish this project, the construction, according to the valuation document is at least 85% completed. 9 apartments are sold and 1 is booked.To return the loan principal and pay out interest, Sponsor has to sell 10 apartments.The investment earns a fixed interest rate at 10,25% 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 the local municipality to secure investments in infrastructure related to Paevälja Road development.The value of the collateral is EUR 2,47 million. As additional security, the board member of the Sponsor has agreed to offer personal suretyship in the amount of EUR 100,000. Accordingly, the ratio of total amount of liabilities and collateral value (LTV) is 81%.

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

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

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 100,000. Crowdestate’ investors have previously invested in this project in the amount of EUR 1,788,400. The source of loan repayment is sales of completed apartments.As we publish this project, the construction, according to the valuation document is at least 85% completed. 9 apartments are sold and 1 is booked.To return the loan principal and pay out interest, Sponsor has to sell 10 apartments.The investment earns a fixed interest rate at 10,25% 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 the local municipality to secure investments in infrastructure related to Paevälja Road development.The value of the collateral is EUR 2,47 million. As additional security, the board member of the Sponsor has agreed to offer personal suretyship in the amount of EUR 100,000. Accordingly, the ratio of total amount of liabilities and collateral value (LTV) is 81%.

Invest in a real estate development in Estonia and earn 10,25%  p.a.

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 1,788,400 euro ulatuses.Projekti Sponsor, Paepanga Rivimajad OÜ soovib Crowdestate’i investoritelt kaasata 100,000 eurot, mida kasutatakse edasise ehitustegevuse finatseerimiseks. Laenu tagastamise allikaks on valminud korterite müük.Projekti avaldamise ajaks on arenduse ehitusjärguks vähemalt 85%. 9 korterit on võlaõiguslike lepingute alusel müüdud ja 1 on broneeritud. Laenu tagastamiseks ja intressimaksete tasumiseks peab Sponsor müüma vähemalt 10 korterit.Laenuperioodiks on 12 kuud. Fikseeritud intressimääraks 10,25% 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 2,47 milj. eurot. Lisatagatisena on projekti Sponsori juhatuse liige nõustunud käendama laenulepingust tulenevaid kohustusi 100,000 euro ulatuses. Vastavalt sellele moodustab laenukohustuste summa tagatisvara väärtusest (LTV) 81%.

Rahastuseesmärk:	€ 100000
Oodatav tootlus:	10.25 % aastas
Investeerimisperiood:	5 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Paevälja tee 6, 8, 10, Lubja (X)

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