This investment opportunity allows investors to fund a bridge loan for sales period of a small apartment building with 11 apartments and 2 business premises in Kohila parish, Vabaduse 16, Kohila, Estonia by the developer Starelement OÜ.This is the 4th funding round of the development project. The building is completed and 85% of the apartments are sold. The Sponsor seeks for funding in the amount of EUR 320 000  to refinance existing bridge loan.Necessity of such funding has occurred due prolonged process of obtaining use permit for the building. Some credit institutions have hesitated to accept apartments without use permits as collateral to secure housing loans, which has prevented the Sponsor to finalise sales transactions.Ownerships of six apartments have been already transferred and sales are finished. Five apartments are sold or booked with prepayments and are waiting for use permit which would allow to formalise the transactions and ownership transfer. Two apartments are currently available.Most of the technical approvals needed for the use permit have already obtained. The Sponsor expects the use permit to be issued by the end of January.The Sponsor has issued 100% share pledge in favour of Crowdestate Collateral Agent OÜ for the loan period. The loan will be secured also by mortgages on seven apartments in the building. Market value for these apartments in Vabaduse 16 building is approx EUR 443 000. This investment opportunity offers investors a set fixed interest rate of 14% p.a. for a loan term of 6 months.

Ground-up residential development in regional centre of Estonia, investment opportunity volume 170 000 Euros with an annual interest rate of 14%

Real estate investment opportunity

This investment opportunity allows investors to fund a bridge loan for sales period of a small apartment building with 11 apartments and 2 business premises in Kohila parish, Vabaduse 16, Kohila, Estonia by the developer Starelement OÜ.This is the 4th funding round of the development project. The building is completed and 85% of the apartments are sold. The Sponsor seeks for funding in the amount of EUR 320 000  to refinance existing bridge loan.Necessity of such funding has occurred due prolonged process of obtaining use permit for the building. Some credit institutions have hesitated to accept apartments without use permits as collateral to secure housing loans, which has prevented the Sponsor to finalise sales transactions.Ownerships of six apartments have been already transferred and sales are finished. Five apartments are sold or booked with prepayments and are waiting for use permit which would allow to formalise the transactions and ownership transfer. Two apartments are currently available.Most of the technical approvals needed for the use permit have already obtained. The Sponsor expects the use permit to be issued by the end of January.The Sponsor has issued 100% share pledge in favour of Crowdestate Collateral Agent OÜ for the loan period. The loan will be secured also by mortgages on seven apartments in the building. Market value for these apartments in Vabaduse 16 building is approx EUR 443 000. This investment opportunity offers investors a set fixed interest rate of 14% p.a. for a loan term of 6 months.

Bridge loan for a residential development in regional centre of Estonia, investment opportunity volume 320 000 Euros with an annual interest rate of 14%

Käesoleva investeerimisprojekti raames on Crowdestate'i investoritel võimalik rahastada Starelement OÜ poolt Kohila alevi keskuses, Vabaduse tn 16 asuva 11 korteriga ja 2 äripinnaga hoone müügiperioodi.Tegemist on 2017. aasta suvel alustatud arendusprojekti 4. ühisrahastusvooruga.Projekti sponsor, Starelement OÜ ainuosanik Jaanus Jässi (edaspidi “Sponsor”) soovib ühisrahastuse kaudu kaasata 320 000 euro suuruses summas rahastajate kapitali, mida kasutatakse sildlaenu refinantseerimiseks müügiperioodi vältel.Korterelamu on valmis ning 85% ulatuses müüdud.Olemasoleva sildlaenu refinantseerimise vajadus lähtub elamu kasutusloa protsessi venimisest ja kuivõrd osad krediidiasutused ei ole valmis eluasemelaenu tagatiseks kasutama ilma kasutusloata kinnisvara, ei ole Sponsor saanud müügitehinguid lõpetada.Kuue korteri puhul ei ole kasutusloa puudumine tehinguid takistanud ja korterid on tänaseks ostjatele juba üle antud. Viis korterit on võlaõiguslike lepingute alusel müüdud või ettemaksuega broneeritud ja ootab kasutusloa vormistamist, mille järel saab tehingud lõpuni viia. Müügis on kaks korterit.Kasutusloa eelduseks olevad tehnilised kooskõlastused on tehtud. Sponsor eeldab kasutusloa saamist jaanuari jooksul.Projekti Sponsor on seadnud projekti tagatiseks Starelement OÜ osadele pandi tagatisagendi, Crowdestate Collateral Agent OÜ kasuks. Lisaks sellele tagatakse laen hüpoteegiga seni üle andmata korteritele. Crowdestate'i investorite kasuks hüpoteegitud tagatisvara väärtuseks on 443 000 eurot.Investeerimisvõimalus on pikkusega 6 kuud ning intressimääraga 14% aasta baasil. Projekti Sponsor on samasse projekti varem Crowdestate'i investorite poolt korduvalt kapitali kaasanud, antud projekti raames kaasatud kapitali kasutatakse 335 000 euro suuruse sildlaenu refinantseerimiseks. Osa antud sildlaenust on investoritele tagastatud.

Ground-up residential development in regional centre of Estonia, investment opportunity volume 320 000 Euros with an annual interest rate of 14%

Rahastuseesmärk:	€ 320000
Oodatav tootlus:	14 % aastas
Investeerimisperiood:	7 kuud
Riskikategooria:	C Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Vabaduse 16, Kohila (IV)

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