Investors have granted 1st mortgage secured loans for Ristiku St. 2 construction in the total amount of 450,000 euros. The project owner wants to finance the construction in a larger amount than initially planned, and in addition to release some of equity to start the construction of a next project. As a result, investors are offered additional financing of Ristiku St. 2 project in the amount of up to 150,000 euros, secured by the 2nd rank mortgage. The total amount of Crowdestate investors' 1st and 2nd rank loans will be therefore 600,000 euros. The amount to be raised in the current round is 77,000 euros. This is the construction of a row-house at Ristiku St. 2 in Kohila municipality, Pukamäe village, Rapla county, Estonia. The property is located 30-minute drive from Tallinn city center. It is close to Kohila small town which is with developed infrastructure. All seven apartments have been sold with notarised pre-sale agreements! Amount to be received at signing of real right contracts will be 1,010,000 euros (including VAT). The ratio of investors' loans and the amount to be received from sales (including VAT) is approx. 60%.  The construction of Ristiku St. 2 row-house is in the final stage and according to the construction deed, approx. 87% of construction work has been completed. Attached photos are as at September 28, 2022.Fixed interest rate of the loan secured by a 2nd mortgage is 12.5% p.a. There are no periodical interest payments. The investment period is up to 3 months.Size of all apartments is 102.4 m2. The average apartment price is 177,430 euros. The loan is secured by a second-rank joint mortgage on Ristiku St. 2 seven apartments.Crowdestate investors have also financed the Sponsor's adjacent Ristiku St. 1 row-house development. The project was successful and obligations to investors were fulfilled correctly.

Real estate investment opportunity in Estonia for property development offering 12.5% annual interest rate

Investment opportunity | Ristiku St. 2, Kohila

Investors have granted 1st mortgage secured loans for Ristiku St. 2 construction in the total amount of 450,000 euros. The project owner wants to finance the construction in a larger amount than initially planned, and in addition to release some of equity to start the construction of a next project. As a result, investors are offered additional financing of Ristiku St. 2 project in the amount of up to 150,000 euros, secured by the 2nd rank mortgage. The total amount of Crowdestate investors' 1st and 2nd rank loans will be therefore 600,000 euros. The amount to be raised in the current round is 77,000 euros. This is the construction of a row-house at Ristiku St. 2 in Kohila municipality, Pukamäe village, Rapla county, Estonia. The property is located 30-minute drive from Tallinn city center. It is close to Kohila small town which is with developed infrastructure. All seven apartments have been sold with notarised pre-sale agreements! Amount to be received at signing of real right contracts will be 1,010,000 euros (including VAT). The ratio of investors' loans and the amount to be received from sales (including VAT) is approx. 60%.  The construction of Ristiku St. 2 row-house is in the final stage and according to the construction deed, approx. 87% of construction work has been completed. Attached photos are as at September 28, 2022.Fixed interest rate of the loan secured by a 2nd mortgage is 12.5% p.a. There are no periodical interest payments. The investment period is up to 3 months.Size of all apartments is 102.4 m2. The average apartment price is 177,430 euros. The loan is secured by a second-rank joint mortgage on Ristiku St. 2 seven apartments.Crowdestate investors have also financed the Sponsor's adjacent Ristiku St. 1 row-house development. The project was successful and obligations to investors were fulfilled correctly.

Investorid on varasemates voorudes rahastanud Ristiku tn 2 ridamaja ehitust 1. järjekoha hüpoteegi tagatisel kokku summas 450 000 eurot. Arendaja soovib algselt kavandatust suuremas summas ehituse rahastamist ja lisaks vabastada osaliselt omavahendeid, et alustada järgmise projekti ehitusega. Sellest tulenevalt pakutakse investoritele 2. järjekoha hüpoteegi tagatisel projekti täiendavat rahastamist summas kuni 150 000 eurot. Crowdestate investorite 1. ja 2. järjekoha laenunõuete kogusumma on seega 600 000 eurot. Praeguse rahastamisvooru maht on 77 000 eurot. Tegemist on 7-korteriga ridamaja ehitusega aadressil Ristiku tn 2, Pukamäe küla, Kohila vald, Rapla maakond. Projekt asub 30 minutilise autosõidu kaugusel Tallinna kesklinnast ja on arenenud infrastruktuuriga Kohila linna lähedal. Kõigi seitsme korteri ostjatega on notariaalsed võlaõiguslepingud sõlmitud! Asjaõiguslike lepingute sõlmimisel laekub 1 010 000 eurot (sh. käibemaks). Investorite laenude ja müügist laekuva (käibemaksuga) summa suhe on u. 60%. Ridamaja ehitus on lõpujärgus ja akteerimise kohaselt on u. 87% ehitustöödest lõpetatud. Lisatud pildid on 28.09.22 seisuga.Teise järjekohaga tagatud laenu fikseeritud intressimäär on 12,5% aastas. Perioodilisi intressimakseid ei toimu. Investeerimisperiood on kuni 3 kuud. Kõikide korterite suurus on 102,4 m2 ja korteri keskmine müügihind on 177 430 eurot. Laen on tagatud 2. järjekoha ühishüpoteegiga Ristiku tn 2  seitsmele korteriomandile. Crowdestate investorid rahastasid summas 250 000 eurot ka projekti omaniku Ristiku tn 1 ridamaja arendust. Projekt oli edukas ja kohustus investorite ees täideti korrektselt.

Rahastuseesmärk:	€ 77000
Oodatav tootlus:	13 % aastas
Investeerimisperiood:	3 kuud
Riskikategooria:	C Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagamata laen

Ristiku 2, Pukamäe (V)

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