The goal for this opportunity is to finance the construction of 12 individual houses, situated at 33, Samurcasi street, Gulia village, Tartasesti, Dambovita county, Romania. This will be phase 1 of a larger 30 houses project on a land of 21,101 sqm. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan (for more information regarding senior debt, please check out this blog post - <a href="https://blog.crowdestate.eu/en/2020/secured-loan-definition/" target="" style="background-color: transparent;color: rgb(73, 131, 195);">https://blog.crowdestate.eu/en/2020/secured-loan-definition/</a>) in a total amount of EUR 400,000, arranged in 5 tranches, based on the progression of works. The 1st tranche of the investment opportunity in the amount of EUR 50,000 was raised in June. The 2nd tranche of EUR 50,000 was raised in August. This will be the 3rd tranche for EUR 50,000. The source of reimbursement will be the sale of the houses when finalized. At this moment, all 12 houses of the 1st phase are pre-contracted and expected to be delivered between October 2020 - June 2021.The investment tenor for this 3rd tranche is up to 9 months. The interest rate is 14.50% p.a. and it will be paid in monthly installments. The loan will be secured with 3rd rank mortgage on the land and future buildings (the 1st rank mortgage is in favor of the 1st tranche investors and the 2nd rank mortgage is in favor of the 2nd tranche investors). The land has been evaluated for EUR 966,700. After this funding round, land value based LTV of this project is 16%.The below video shows Homefield - the prior project of the Sponsor - now finalized and sold.<img class="ta-insert-video" src="https://img.youtube.com/vi/vnib2G8Tf3U/hqdefault.jpg" ta-insert-video="https://www.youtube.com/embed/vnib2G8Tf3U" contenteditable="false" allowfullscreen="true" frameborder="0"/>

12 individual villas in Gulia, Tartasesti, Ilfov county

The goal for this opportunity is to finance the construction of 12 individual houses, situated at 33, Samurcasi street, Gulia village, Tartasesti, Dambovita county, Romania. This will be phase 1 of a larger 30 houses project on a land of 21,101 sqm. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan (for more information regarding senior debt, please check out this blog post - <a href="https://blog.crowdestate.eu/en/2020/secured-loan-definition/" target="">https://blog.crowdestate.eu/en/2020/secured-loan-definition/</a>) in a total amount of EUR 400,000, arranged in 5 tranches, based on the progression of works. The 1st tranche of the investment opportunity in the amount of EUR 50,000 was raised in June. The 2nd tranche of EUR 50,000 was raised in August. This will be the 3rd tranche for EUR 50,000. The source of reimbursement will be the sale of the houses when finalized. At this moment, all 12 houses of the 1st phase are pre-contracted and expected to be delivered between October 2020 - June 2021.The investment tenor for this 3rd tranche is up to 9 months. The interest rate is 14.50% p.a. and it will be paid in monthly installments. The loan will be secured with 3rd rank mortgage on the land and future buildings (the 1st rank mortgage is in favor of the 1st tranche investors and the 2nd rank mortgage is in favor of the 2nd tranche investors). The land has been evaluated for EUR 966,700. After this funding round, land value based LTV of this project is 16%.The below video shows Homefield - the prior project of the Sponsor - now finalized and sold.<img class="ta-insert-video" src="https://img.youtube.com/vi/vnib2G8Tf3U/hqdefault.jpg" ta-insert-video="https://www.youtube.com/embed/vnib2G8Tf3U" contenteditable="false" allowfullscreen="true" frameborder="0"/>

Real estate investment opportunity in Romania for property development offering 14.50% annual interest rate.

Investment opportunity | Samurcasi 33, Gulia, Tartasesti

The goal for this opportunity is to finance the construction of 12 individual houses, situated at 33, Samurcasi street, Gulia village, Tartasesti, Dambovita county, Romania. This will be phase 1 of a larger 30 houses project on a land of 21,101 sqm. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan (for more information regarding senior debt, please check out this blog post - <a href="https://blog.crowdestate.eu/en/2020/secured-loan-definition/" target="" style="background-color: transparent;color: rgb(73, 131, 195);">https://blog.crowdestate.eu/en/2020/secured-loan-definition/</a>) in a total amount of EUR 400,000, arranged in 5 tranches, based on the progression of works. The 1st tranche of the investment opportunity in the amount of EUR 50,000 was raised in June. The 2nd tranche of EUR 50,000 was raised in August. This will be the 3rd tranche for EUR 50,000. The source of reimbursement will be the sale of the houses when finalized. At this moment, all 12 houses of the 1st phase are pre-contracted and expected to be delivered between October 2020 - June 2021.The investment tenor for this 3rd tranche is up to 9 months. The interest rate is 14.50% p.a. and it will be paid in monthly installments. The loan will be secured with 3rd rank mortgage on the land and future buildings (the 1st rank mortgage is in favor of the 1st tranche investors and the 2nd rank mortgage is in favor of the 2nd tranche investors). The land has been evaluated for EUR 966,700. After this funding round, land value based LTV of this project is 16%.The below video shows Homefield - the prior project of the Sponsor - now finalized and sold.<img class="ta-insert-video" src="https://img.youtube.com/vi/vnib2G8Tf3U/hqdefault.jpg" ta-insert-video="https://www.youtube.com/embed/vnib2G8Tf3U" contenteditable="false" allowfullscreen="true" frameborder="0"/>

Obiectivul acestei oportunitati de investitie este finantarea constructiei a 12 case individuale, situate la 33, strada Samurcasi, satul Gulia, Tartasesti, judetul Dambovita, Romania. Acesta va fi faza 1 a unui proiect mai mare de 30 de case pe un teren de 21,101 mp.Investitorii Crowdestate vor avea ocazia sa investeasca intr-un imprumut pentru finantarea constructiei cu garantie ipotecara, in valoare totala de 400,000 EUR, impartit in 5 transe, pe baza progresului lucrarilor. Prima transa de EUR 50,000 a fost finantata in iunie. A doua transa de EUR 50,000 a fost finantata in August. Obiectivul transei actuale va fi de inca 50,000 EUR.Sursa de rambursare va fi vanzarea caselor la finalizare.In acest moment, toate cele 12 case din prima faza sunt contractate si se asteapta sa fie livrate în perioada octombrie 2020 - iunie 2021.Durata investitiei pentru aceasta transa este de pana la 9 luni. Rata dobanzii este de 14,50% p.a. iar aceasta va fi platita in rate lunare. Imprumutul va fi garantat cu ipoteca de rangul III pe teren si constructii viitoare (rangul 1 si 2 au fost constituite in favoarea investitorilor primelor doua transe). Terenul a fost evaluat la 966,700 EUR. Dupa aceasta runda de finantare, LTV raportat la teren este de 16%.Videoclipul de mai jos arată Homefield - proiectul anterior al Sponsorului - acum finalizat si vandut.<img class="ta-insert-video" src="https://img.youtube.com/vi/vnib2G8Tf3U/hqdefault.jpg" ta-insert-video="https://www.youtube.com/embed/vnib2G8Tf3U" contenteditable="false" allowfullscreen="true" frameborder="0"/>

Rahastuseesmärk:	€ 50000
Oodatav tootlus:	14.5 % aastas
Investeerimisperiood:	21 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Samurcasi 33, Gulia (III)

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