The purpose of the current investment opportunity is to continue financing the next phase of Rae põik terraced houses project. In this stage is planned to build the next terraced house with 9 apartments at Rae põik 2, Rae municipality, Harju country, Estonia. While the project is located just outside the Tallinn (capital of Estonia) city limits, it is 10 km away from Tallinn city centre.The Sponsor, Väike-Rae Arenduse OÜ, intends to raise with several investment rounds EUR 895,000 from Crowdestate investors, which will be used for financing the construction costs at Rae põik 2. The amount of the first investment round is EUR 141,000. The source of loan repayment is sale of completed apartments or refinancing through bank loan. The construction of the Rae põik 2 terraced house has been already started. The deadline for the completion of the project is Autumn 2022.5 apartments has been sold with pre-sale notarised agreements and 1 apartment has been booked. For successful exit has to be sold 6 apartments.Loan term is scheduled up to 12 months. The investment earns a fixed interest rate at 9,5% p.a. There is no periodic interest payments.The loan is secured by a first rank mortgage on residential land plot of Rae põik 2 with valid construction permit of row houses with 9 apartments. The construction of terraced house at Rae põik 2 is 15,75% completed and 4 apartments are sold with pre-sale agreements. According to evaluation report and construction supervision acts current value of the collateral is EUR 406,000 (cost based). According to that, the ratio of total amount of liabilities and collateral value (LTV) is 34,73%.

Real estate investment opportunity in Estonia for property development offering 9,5% annual interest rate.

Investment opportunity | Rae põik 2, Rae parish, Harju country

The purpose of the current investment opportunity is to continue financing the next phase of Rae põik terraced houses project. In this stage is planned to build the next terraced house with 9 apartments at Rae põik 2, Rae municipality, Harju country, Estonia. While the project is located just outside the Tallinn (capital of Estonia) city limits, it is 10 km away from Tallinn city centre.The Sponsor, Väike-Rae Arenduse OÜ, intends to raise with several investment rounds EUR 895,000 from Crowdestate investors, which will be used for financing the construction costs at Rae põik 2. The amount of the first investment round is EUR 141,000. The source of loan repayment is sale of completed apartments or refinancing through bank loan. The construction of the Rae põik 2 terraced house has been already started. The deadline for the completion of the project is Autumn 2022.5 apartments has been sold with pre-sale notarised agreements and 1 apartment has been booked. For successful exit has to be sold 6 apartments.Loan term is scheduled up to 12 months. The investment earns a fixed interest rate at 9,5% p.a. There is no periodic interest payments.The loan is secured by a first rank mortgage on residential land plot of Rae põik 2 with valid construction permit of row houses with 9 apartments. The construction of terraced house at Rae põik 2 is 15,75% completed and 4 apartments are sold with pre-sale agreements. According to evaluation report and construction supervision acts current value of the collateral is EUR 406,000 (cost based). According to that, the ratio of total amount of liabilities and collateral value (LTV) is 34,73%.

Käesolevaks investeerimisvõimaluseks on Rae põik järgmise 9 korteriga ridaelamu ehituse finantseerimine. Arendus asub Tallinna piiril, Rae vallas, aadressil Rae põik 10, Rae küla. Projekti Sponsor, Väike-Rae Arenduse OÜ soovib Crowdestate’i investoritelt kaasata mitu rahastusvooruga kokku 895,000 eurot, mida kasutatakse Rae põik 2 projekti ehitustegevuse finatseerimiseks. k'esoleva esimese rahastusvooru summa on 141,000 eurot. Laenu tagastamise allikaks on valminud korterite müük. Rae põik 2 ridaelamu projekti ehitamine juba algas ja 15.75% on valmis. Projekti valmimise tähtaeg on sügis 2022.a.Võlaõiguslepingutega on müüdud kõik 5 korterit, üks korter broneeritud. Laenuperioodiks on 12 kuud. Fikseeritud intressimääraks 9,5% aasta baasil. Perioodilisi intressimakseid ei tehta.Laen on tagatud 1. järjekoha hüpoteekidega arenduskinnistule aadressil Rae põik 2, Rae küla. Tagatisvara praeguseks väärtuseks on 406,000 eurot. Vastavalt sellele moodustab kogu laenukohustuste summa vara väärtusest (LTV) 34,73%.

Rahastuseesmärk:	€ 141000
Oodatav tootlus:	9.5 % aastas
Investeerimisperiood:	9 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Rae põik 2, Rae (I)

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