The purpose of the current investment opportunity is to continue financing a terraced house project with 9 apartments at Rae põik 6, 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 EUR 108,000 from Crowdestate investors, which will be used for financing the construction costs at Rae põik 6. The source of loan repayment is sale of completed apartments or refinancing through bank loan. 7 pre-sale agreements has been already signed.Rae põik 6 project is 48% completed.The construction of the Rae põik 6 terraced house project started in September 2020. The deadline for the completion of the project is Spring-Summer 2021.Loan term is scheduled up to 11 months. The investment earns a fixed interest rate at 11% p.a. There is no periodic interest payments.The loan is secured by a first rank mortgage on 3 residential land plots of Rae põik 6, Rae põik 8 and Rae põik 10 with valid construction permit of identical row houses. Total current value of the collateral is EUR 1,082,430 (evaluation report EUR 739,000 and done construction works confirmed by construction supervision act EUR 343,430). According to that, the ratio of total amount of liabilities and collateral value (LTV) is 45,6%.

Real estate investment opportunity in Estonia for property development offering 11.00% annual interest rate.

Investment opportunity | Rae põik 6, Rae vald, Harju parish

The purpose of the current investment opportunity is to continue financing a terraced house project with 9 apartments at Rae põik 6, 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 EUR 108,000 from Crowdestate investors, which will be used for financing the construction costs at Rae põik 6. The source of loan repayment is sale of completed apartments or refinancing through bank loan. 7 pre-sale agreements has been already signed.Rae põik 6 project is 48% completed.The construction of the Rae põik 6 terraced house project started in September 2020. The deadline for the completion of the project is Spring-Summer 2021.Loan term is scheduled up to 11 months. The investment earns a fixed interest rate at 11% p.a. There is no periodic interest payments.The loan is secured by a first rank mortgage on 3 residential land plots of Rae põik 6, Rae põik 8 and Rae põik 10 with valid construction permit of identical row houses. Total current value of the collateral is EUR 1,082,430 (evaluation report EUR 739,000 and done construction works confirmed by construction supervision act EUR 343,430). According to that, the ratio of total amount of liabilities and collateral value (LTV) is 45,6%.

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

Investment opportunity | Rae põik 6, Rae parish, Harju country

Käesolevaks investeerimisvõimaluseks on 9 korteriga ridaelamuarenduse finantseerimine. Arendus asub Tallinna piiril, Rae vallas, aadressil Rae põik 6, Rae küla. Projekti Sponsor, Väike-Rae Arenduse OÜ soovib Crowdestate’i investoritelt kaasata 108,000 eurot, mida kasutatakse Rae põik 6 projekti ehitustegevuse finatseerimiseks. Laenu tagastamise allikaks on valminud korterite müük või refinantseerimine läbi pangalaenu. Rae põik 6 ridaelamu projekti ehitamine algas 2020. aasta septembris. Projekti valmimise tähtaeg kevad-suvi 2021.a.Sõlmitud 7 võlaõiguslepingut.Rae põik 6 projekt on 48% valmis. Laenuperioodiks on 11 kuud. Fikseeritud intressimääraks 11% aasta baasil. Perioodilisi intressimakseid ei tehta.Laen on tagatud 1. järjekoha hüpoteekidega 3-le arenduskinnistutele aadressil Rae põik 6, 8, 10, Rae küla. Igal kinnistul on kehtiv ehitusluba identse ridaelamu projektile.Tagatisvara praeguseks kehtiva väärtuseks on 1,082,430 eurot (739,000 kolme kinnistu väärtus kokku ja EUR 343,430 teostatud tööde maksumus, mis on kinnitatud omanikujärelevalve poolt). Vastavalt sellele moodustab laenukohustuste summa vara väärtusest (LTV) 45,6%.

<div style="color: rgb(80, 0, 80);background-color: rgb(255, 255, 255);"></div><div style="color: rgb(34, 34, 34);background-color: rgb(255, 255, 255);"></div>The purpose of the current investment opportunity is to continue financing a terraced house project with 9 apartments at Rae põik 6, 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 EUR 108,000 from Crowdestate investors, which will be used for financing the construction costs at Rae põik 6. The source of loan repayment is sale of completed apartments or refinancing through bank loan. 7 pre-sale agreements has been already signed.Rae põik 6 project is 48% completed.The construction of the Rae põik 6 terraced house project started in September 2020. The deadline for the completion of the project is Spring-Summer 2021.Loan term is scheduled up to 11 months. The investment earns a fixed interest rate at 11% p.a. There is no periodic interest payments.The loan is secured by a first rank mortgage on 3 residential land plots of Rae põik 6, Rae põik 8 and Rae põik 10 with valid construction permit of identical row houses. Total current value of the collateral is EUR 1,082,430 (evaluation report EUR 739,000 and done construction works confirmed by construction supervision act EUR 343,430). According to that, the ratio of total amount of liabilities and collateral value (LTV) is 45,6%.

The purpose of the current investment opportunity is to continue financing a terraced house project with 9 apartments at Rae põik 6, 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 EUR 108,000 from Crowdestate investors, which will be used for financing the construction costs at Rae põik 6. The source of loan repayment is sale of completed apartments or refinancing through bank loan. 7 pre-sale agreements has been already signed.Rae põik 6 project is 48% completed.The construction of the Rae põik 6 terraced house project started in September 2020. The deadline for the completion of the project is Spring-Summer 2021.Loan term is scheduled up to 11 months. The investment earns a fixed interest rate at 11% p.a. There is no periodic interest payments.The loan is secured by a first rank mortgage on 3 residential land plots of Rae põik 6, Rae põik 8 and Rae põik 10 with valid construction permit of identical row houses. Total current value of the collateral is EUR 1,082,430 (evaluation report EUR 739,000 and done construction works confirmed by construction supervision act EUR 343,430). According to that, the ratio of total amount of liabilities and collateral value (LTV) is 45,6%.

Rahastuseesmärk:	€ 108000
Oodatav tootlus:	11 % aastas
Investeerimisperiood:	7 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Rae põik 6, Rae (III)

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