The purpose of the current investment opportunity is to continue with the funding of Rae põik 2 terraced house construction. In this stage it is planned to build the next terraced house with 9 apartments at Rae põik 2, Rae municipality, Harju county, Estonia. While the project is located just outside Tallinn (capital of Estonia) city limits, it is 10 km away from Tallinn city centre.The Sponsor, Väike-Rae Arenduse OÜ, intends to raise from Crowdestate investors with several investment rounds EUR 895,000, which will be used to finance the construction of Rae põik 2. The amount of the current third investment round is EUR 140,000. The loan will be repaid from the apartment sales revenue. The construction is in progress (about 49% is completed). The construction deadline is Autumn 2022.6 apartments have been pre-sold. For successful exit it has to be sold (i.e. real right sales contracts signed) 6 apartments. The average price of 3 unsold apartments is 246,500 euros.Investment period is 9 months (30.12.2022). Fixed interest rate of the loan is 10% p.a. There is no periodic interest payments. Accrued interest is payable at the signing of apartments' sales contracts or at the end of the loan period latest. The loan is secured by a 1st mortgage on Rae põik 2 property with valid construction permit of row houses with 9 apartments.  The value of the collateral is currently 730,000 euros (incl. unbuilt land plot + actual construction works). LTV is currently 60% and it will reach up to 75% when funding is completed. The Sponsor has completed the terraced house of neighboring Rae põik 6 plot and repaid Crowdestate investors' loan on time.

Real estate investment opportunity in Estonia for property development offering 10% annual interest rate.

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

The purpose of the current investment opportunity is to continue with the funding of Rae põik 2 terraced house construction. In this stage it is planned to build the next terraced house with 9 apartments at Rae põik 2, Rae municipality, Harju county, Estonia. While the project is located just outside Tallinn (capital of Estonia) city limits, it is 10 km away from Tallinn city centre.The Sponsor, Väike-Rae Arenduse OÜ, intends to raise from Crowdestate investors with several investment rounds EUR 895,000, which will be used to finance the construction of Rae põik 2. The amount of the current third investment round is EUR 140,000. The loan will be repaid from the apartment sales revenue. The construction is in progress (about 49% is completed). The construction deadline is Autumn 2022.6 apartments have been pre-sold. For successful exit it has to be sold (i.e. real right sales contracts signed) 6 apartments. The average price of 3 unsold apartments is 246,500 euros.Investment period is 9 months (30.12.2022). Fixed interest rate of the loan is 10% p.a. There is no periodic interest payments. Accrued interest is payable at the signing of apartments' sales contracts or at the end of the loan period latest. The loan is secured by a 1st mortgage on Rae põik 2 property with valid construction permit of row houses with 9 apartments.  The value of the collateral is currently 730,000 euros (incl. unbuilt land plot + actual construction works). LTV is currently 60% and it will reach up to 75% when funding is completed. The Sponsor has completed the terraced house of neighboring Rae põik 6 plot and repaid Crowdestate investors' loan on time.

Rae põik 2 üheksa korteriga ridamaja arendus asub Rae vallas, Rae külas, u. 10 km kaugusel Tallinna kesklinnast. Projekti Sponsor on naaberkinnistutel sama projekti alusel ehitamas nelja ridamaja, mille rahastamine toimub Crowdestate investorite poolt. Rae põik 2 ehituse maksumus on 895 000 eurot ja Crowdestate investoritele pakutakse võimalust kolmandas voorus rahastada ehitust mahus 140 000 eurot. Koos esimese kahe rahastamisvooruga on investorite laen kokku summas 435 000 eurot, mis on tänaseks hetkeks akteeritud ehitustööde maht.Võlaõiguslepingutega on 6 korterit müüdud. Müümata kolme korteri keskmine hind on 246 000 eurot. Laenuperiood on 9 kuud (30.12.2022). Fikseeritud intressimääraks 10% aasta baasil. Intress makstakse ühekordse maksena perioodi lõpus või korterite asjaõiguslike müügilepingute raames summa laekumisel. Laenu tagastamise allikaks on valminud korterite müük. Projekti valmimise tähtaeg on sügis 2022.a. Laen on tagatud 1. järjekoha hüpoteegiga arenduskinnistule aadressil Rae põik 2, Rae küla. Tagatisvara praegune väärtus on 795,000 eurot. Peale 3. rahastamisvooru on laenu ja vara väärtuse suhe (LTV) u. 60% ja peale kogu laenusumma väljamaksmist kuni 75%.

Rahastuseesmärk:	€ 140000
Oodatav tootlus:	10 % aastas
Investeerimisperiood:	6 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Rae põik 2, Rae (III)

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