Our new project offers the opportunity to grant a mortgage loan in the amount of 70,000 euros for the purchase and renovation of Puiestee St. 108 apartment in Tartu. Amount to be raised in the current first round is 32,000 euros. Puiestee St. 108 house is located 1.2 km from Tartu city center in Raadi-Kruusamäe district. Tartu is the second largest city in Estonia. The apartment in need of renovation is 97 m2 and it is a basement apartment. The project owner plans to build two apartments from it and rent them out. A 1st rank mortgage will be established on Puiestee St. 108 apartment to secure investors’ loans. The market value of the collateral is 81,000 euros and expected LTV of the project is up to 60%. Loan period is 6 months (+ 2 months extension option). Fixed interest rate of the loan is 11% p.a. and interest is payable as a lump sum at the end of the loan period or when the apartment is sold. The loan is repaid from the sales revenue of Puiestee St. 108 apartment.

Real estate investment opportunity in Estonia for apartment flipping offering 11% annual interest rate.

Investment opportunity | Puiestee St. 108, Tartu

Our new project offers the opportunity to grant a mortgage loan in the amount of 70,000 euros for the purchase and renovation of Puiestee St. 108 apartment in Tartu. Amount to be raised in the current first round is 32,000 euros. Puiestee St. 108 house is located 1.2 km from Tartu city center in Raadi-Kruusamäe district. Tartu is the second largest city in Estonia. The apartment in need of renovation is 97 m2 and it is a basement apartment. The project owner plans to build two apartments from it and rent them out. A 1st rank mortgage will be established on Puiestee St. 108 apartment to secure investors’ loans. The market value of the collateral is 81,000 euros and expected LTV of the project is up to 60%. Loan period is 6 months (+ 2 months extension option). Fixed interest rate of the loan is 11% p.a. and interest is payable as a lump sum at the end of the loan period or when the apartment is sold. The loan is repaid from the sales revenue of Puiestee St. 108 apartment.

&#65279;Meie uus projekt pakub võimalust rahastada Tartu linnas Puiestee tn 108 majas asuva korteri ostu ja renoveerimist. Investorid rahastaksid projekti kokku summas kuni 70 000 eurot, millest käimasoleva esimese vooru maht on 32 000 eurot. Puiestee tn 108 maja asub Tartu kesklinnast u. 1,2 km kaugusel Raadi-Kruusamäe linnaosas. Renoveeritav korter on 97 m2 suurune, see asub maja soklikorrusel ja projekti omanikul on plaan ümberehituse käigus teha kaks korterit ning anda need üürile. Investorite laenu tagab 1.järjekoha hüpoteek Puiestee 108 renoveeritavale korteriomandile. Tagatisvara hinnatud turuväärtus tänasel kujul on 81 000 eurot ja projekti oodatav ehituskulude põhine LTV (laenu ja tagatisvara väärtuse suhe) on kuni 60%. Laenuperiood on 6 kuud ( kuni 2 kuud pikendamise võimalusega). Investorite laenult arvestatakse intressi 11% aasta baasil ja intress makstakse välja ühekordse maksega laenuperioodi lõpus või korteriomandi müümisel. Laenu tagasimakse toimub korteri müügitulust.

Real estate investment opportunity in Estonia for property development offering 11% annual interest rate.

Rahastuseesmärk:	€ 32000
Oodatav tootlus:	11.4 % aastas
Investeerimisperiood:	8 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Puiestee tn 108, Tartu (I)

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