With this investment opportunity, the Crowdestate investors will have the opportunity of investing in a mortgaged secured senior construction loan in a total amount of EUR 450,000 arranged in 4 tranches. The 1st tranche of EUR 120,000 was raised in June 2022 and the 2nd tranche of EUR 107,700 in July-August 2022. This will be the 3rd tranche of the investment opportunity in the amount of EUR 62,300.The purpose of the loan is to finance  the needed capital for ongoing construction works, completion of the related utilities and landscaping works for the residential project, named ‘’The Lake Home”, consisting of 39 apartments within building B1, located in 12 Tractorului Street, Sibiu City, Sibiu County, Romania. This will be Phase 2 of a larger 494 apartments, 34 villas, 1 kindergarten, 1 sport &amp; spa center and 3 restaurants development on a total land of ~53,000 sqm out of which ~20,000 sqm of green spaces and a park. Phase 1 including 42 apartments was completed and almost sold completely (more than 85% from the total units) in April 2022. To secure the 3rd tranche of EUR 62,300, the Sponsor is offering the 2nd rank mortgage over 2 land plots that will be used for the development of a future residential project with a total area of 5350 sqm (2600 sqm &amp; 2750 sqm) located in Sibiu City and 3rd rank mortgage over a private penthouse already completed within 1st phase of the development. According to the attached appraisals,  the minimum market value of the land plots is EUR 256,800 (evaluated by Neoconsult Valuation Romania) and for the penthouse is EUR 257,000 (evaluated by Nai Romania, Appraisal and Valuation). The total value of assets available for securing this current loan will provide the investors of this third tranche an LTV of 43%.The loan period for this opportunity is 14 months, with a Sponsor's option to extend the loan period by 4 months. The interest rate of the loan is 13% per annum. If the Sponsor uses the right to extend the loan, the interest rate for extension rate is 15%. The principal and interest payments will be made at the end of the loan period.The loan will be repaid from the sale of the apartments when finalized, sale of the mortgaged collaterals, respectively the penthouse already completed from 1st phase, sale of other land plots owned by the Sponsor,  refinancing or from  the Sponsor's operating revenues.

Real estate investment opportunity in Romania for construction financing offering 13% annual interest rate.

Investment opportunity | The Lake Home 12, Sibiu, Romania (III)

With this investment opportunity, the Crowdestate investors will have the opportunity of investing in a mortgaged secured senior construction loan in a total amount of EUR 450,000 arranged in 4 tranches. The 1st tranche of EUR 120,000 was raised in June 2022 and the 2nd tranche of EUR 107,700 in July-August 2022. This will be the 3rd tranche of the investment opportunity in the amount of EUR 62,300.The purpose of the loan is to finance  the needed capital for ongoing construction works, completion of the related utilities and landscaping works for the residential project, named ‘’The Lake Home”, consisting of 39 apartments within building B1, located in 12 Tractorului Street, Sibiu City, Sibiu County, Romania. This will be Phase 2 of a larger 494 apartments, 34 villas, 1 kindergarten, 1 sport &amp; spa center and 3 restaurants development on a total land of ~53,000 sqm out of which ~20,000 sqm of green spaces and a park. Phase 1 including 42 apartments was completed and almost sold completely (more than 85% from the total units) in April 2022. To secure the 3rd tranche of EUR 62,300, the Sponsor is offering the 2nd rank mortgage over 2 land plots that will be used for the development of a future residential project with a total area of 5350 sqm (2600 sqm &amp; 2750 sqm) located in Sibiu City and 3rd rank mortgage over a private penthouse already completed within 1st phase of the development. According to the attached appraisals,  the minimum market value of the land plots is EUR 256,800 (evaluated by Neoconsult Valuation Romania) and for the penthouse is EUR 257,000 (evaluated by Nai Romania, Appraisal and Valuation). The total value of assets available for securing this current loan will provide the investors of this third tranche an LTV of 43%.The loan period for this opportunity is 14 months, with a Sponsor's option to extend the loan period by 4 months. The interest rate of the loan is 13% per annum. If the Sponsor uses the right to extend the loan, the interest rate for extension rate is 15%. The principal and interest payments will be made at the end of the loan period.The loan will be repaid from the sale of the apartments when finalized, sale of the mortgaged collaterals, respectively the penthouse already completed from 1st phase, sale of other land plots owned by the Sponsor,  refinancing or from  the Sponsor's operating revenues.<a href="https://www.youtube.com/watch?v=Z_xi4CflJso" target=""></a><a href="https://www.youtube.com/watch?v=Z_xi4CflJso" target=""><img class="ta-insert-video" src="https://img.youtube.com/vi/Z_xi4CflJso/hqdefault.jpg" ta-insert-video="https://www.youtube.com/embed/Z_xi4CflJso" contenteditable="false" allowfullscreen="true" frameborder="0"/></a>

<div dir="ltr" style="text-align: left;"><table><colgroup><col/><col/></colgroup><tbody><tr><td>Käesolevaks investeerimisvõimaluseks on hüpoteegiga tagatud seeniorlaen kokku summas EUR 450,000. Laenu otstarbeks on ehituskulude finantseerimine. Rahastus on korraldatud 4-s voorus. Käesoleva rahastusvooru summaks on EUR 62,300.Kaasatud vahendeid kasutatakse juba alustatud ehituse edasiseks finantseerimiseks. Tegemist on elukondliku arendusprojektiga aadressil 12 Tractorului tn., Sibiu, Rumeenia. Projekti turundatakse nimtusega The Lake Home (e.k. vaste Järvekodu). Arenduses on kokku 39 korterit. Tegemist on järjekorras 2.  etapiga suuremahulisest arendusest, milles on kokku 494 korterit, 34 eramut, lasteaed, spordikeskus ja 3 restorani. Arendatava kinnistu suuruseks on 53,000 m2, millest ca. 20,000 m2 jääb rohealaks. Projekti esimene faas hõlmas endas 42 korterit, mis valmisid 2022. a. aprillis ning millest 85% anti kohe peale valmimist uutele omanikele üle.Käesoleva rahastusvooru summaks on EUR 62,300. Laenu tagatiseks pakub Sponsor 2. jrk. hüpoteeki kahele arenduskinnistule Sibiu kesklinnas, kinnistute suurus kokku 5,350 m2 ja 3. jrk. hüpoteeki  juba valminud korterile laenu objektiks oleva arenduse juba valminud osast. Korteri suuruseks on 160.9 m2 ning tegemist on kahel korrusel paikneva katusekorteriga. Korteris on 4 magamistuba, 4 vannituba, elutuba, avatud köögiga söögituba. Korteri juurde kuulub ka 45 m2 suurune terrass. Vastavalt hindamisaktile on arenduskinnistute väärtuseks EUR 256,800 ja korteri turuväärtuseks EUR 257,000, ning rahastusvooru LTVks moodustub 43%.Laenuperioodiks on 14 kuud, kusjuures Sponsoril on õigus laenu kuni 4 kuu ulatuses pikendada.Fikseeritud intressimääraks on 13% aasta baasil. Perioodilisi intressimakseid ei tehta. Laenusumma tagastatakse ja intressid makstakse välja laenuperioodi lõpus. Pikendusperioodi vältel on intressimäär 2% võrra kõrgem.Laenu tagastamise allikateks on arendatavate korterite müügist tekkiv rahavoog, tagatisvara müük, Sponsori muu vara müük või refinantseerimine.</td></tr></tbody></table></div>

Prin intermediul acestei oportunitati de investitie, investitorii Crowdestate vor avea oportunitatea de a investi intr-un imprumut senior pentru constructie in suma totala de 450.000 EUR acordat in 4 transe. Prima transa in suma de 120.000 EUR a fost finantata in Iunie 2022, iar a doua transa în valoare de 107.700 EUR a fost finantata in Iulie-August 2022. Aceasta va fi a treia transa de finantare in cadrul proiectului in suma de 62.300 EUR.Scopul imprumutului este finantarea capitalului necesar pentru lucrarile de constructie aflate deja in derulare, finalizarea lucrarilor aferente utilitatilor si a lucrarilor de amenajare si peisagistica pentru faza a doua a proiectului, denumit ‘’The Lake Home”, compus din 39 apartamente aferente blocului B1 situat in Mun. Sibiu, Str. Tractorului, nr. 12, Jud. Sibiu, Romania. Aceasta va fi faza 2 a proiectului, proiect care cuprinde un numar total de 494 apartamente, 34 vile, 1 gradinita, 1 centru sport &amp; spa si 3 restaurante pe o suprafata totala de teren ~53.000 mp din care ~20,000 mp de parc si zona verde. Faza 1 a cuprins 42 apartamente care au fost finalizate si aproape vandute ( &gt;85% din totalul apartamentelor) in Aprilie 2022.Pentru a garanta a treia trasa in valoare de 62.300 EUR, Sponsorul ofera ipoteca de rangul 2 pe doua loturi de teren, care vor fi utilizate de catre Sponsor pentru dezvoltarea unui viitor proiect rezidential, in suprafata totala de 5350 mp (2600 mp &amp; 2750 mp) situate in orasul Sibiu si ipoteca de rang 3 asupra unui penthouse deja finalizat din cadrul aceluiasi proiect, respectiv Faza 1 (penthouse dezvoltat pe 2 etaje). Conform rapoartelor de evaluare atasate, valoarea de piata minima a celor 2 loturi de teren este de 256.800 EUR (raport intocmit de Neoconsult Valuation Romania), iar cea a penthouse-ului este de 257.000 EUR (raport intocmit de catre Nai Romania, Appraisal and Valuation). Prin urmare, valoarea totala a activelor disponibile pentru garantarea acestei noi transe de finantare ofera investitorilor celei de a treia transe un LTV de 43%.Durata investitiei pentru aceasta transa este de 14 luni, Sponsorul avand optiunea de a prelungi perioada cu alte 4 luni, daca va fi cazul.  Rata dobanzii este de 13% pe an. Daca Sponsorul isi foloseste dreptul de a prelungi perioada imprumutului, rata dobanzii pentru perioada prelungita va fi de 15% pe an.  Plata principalului si a dobanzii se va face la finalul perioadei imprumutului. Platile se vor face din vanzarea apartamentelor in curs de dezvoltare din Faza 2, la finalizarea acestora, vanzarea apartamentului de tip penthouse deja finalizat din cadrul Fazei 1 adus în garantie de catre dezvoltator,  vanzarea altor active/terenuri detinute de companie,  refinantare de la o banca locala sau alt creditor sau din profitul aferent activitatii operationale ale companiei.

Romania

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The Lake Home 12, Sibiu (III)

Raul-Nicusor Tarnaru

Rahastuseesmärk:	€ 62300
Oodatav tootlus:	13 % aastas
Investeerimisperiood:	18 kuud
Riskikategooria:	A Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

The Lake Home 12, Sibiu (III)

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