Crowdestate investors have financed the acquisition of the office-building located at Väike kaar 33c in Tartu (second largest city in Estonia). The Sponsor plans to convert the building into a short-term accommodation building (serviced apartments). With the current third round the Sponsor intends to raise EUR 95,000 to finance the construction. Crowdestate investors' total loan risk will be EUR 345,000.The building is located in Tammelinna district approx. 200 m from Tartu University Hospital (Maarjamõisa). There is a strong demand for small rental apartments in the area. The sponsor plans to change the interior layout of the building and then sell serviced apartments to investors.After the construction work there will be 14 serviced apartments ranging in size from 12.7 to 32.9 m2 and total sellable area is 273.5 m2. A building permit for converting the building into serviced apartments has been issued and the construction has begun - internal demolition work has been completed and construction of a new concrete ceiling and floors has begun. 7 apartments have been booked by buyers.Loans from Crowdestate investors will be secured by a first mortgage on Väike kaar 33c property with a market value of EUR 300,000. The value of the property will increase during the construction. Potential sales value of all apartments in the finished state is EUR 595,000. The loan maturity is up to 5 months, an interest rate of 10.5% per annum and interest is payable at the end of the period or together with loan principal by signing of real right contracts. Loan will be repaid from apartment sales revenue.

Invest in a real estate development in Estonia and earn 10.5% p.a., investment period 5 months

Mortgage secured short term construction loan

Crowdestate investors have financed the acquisition of the office-building located at Väike kaar 33c in Tartu (second largest city in Estonia). The Sponsor plans to convert the building into a short-term accommodation building (serviced apartments). With the current third round the Sponsor intends to raise EUR 95,000 to finance the construction. Crowdestate investors' total loan risk will be EUR 345,000.The building is located in Tammelinna district approx. 200 m from Tartu University Hospital (Maarjamõisa). There is a strong demand for small rental apartments in the area. The sponsor plans to change the interior layout of the building and then sell serviced apartments to investors.After the construction work there will be 14 serviced apartments ranging in size from 12.7 to 32.9 m2 and total sellable area is 273.5 m2. A building permit for converting the building into serviced apartments has been issued and the construction has begun - internal demolition work has been completed and construction of a new concrete ceiling and floors has begun. 7 apartments have been booked by buyers.Loans from Crowdestate investors will be secured by a first mortgage on Väike kaar 33c property with a market value of EUR 300,000. The value of the property will increase during the construction. Potential sales value of all apartments in the finished state is EUR 595,000. The loan maturity is up to 5 months, an interest rate of 10.5% per annum and interest is payable at the end of the period or together with loan principal by signing of real right contracts. Loan will be repaid from apartment sales revenue.

Crowdestate investorid on rahastanud kahe kampaania raames Tartus Väike kaar 33c asuva büroohoone soetust ja ehitust summas 250 000 eurot. Praeguse kolmanda rahastamiskampaaniaga soovib Sponsor kaasata ehituse finantseerimiseks 95 000 eurot, et ehitada büroohoone ümber lühiajalise majutuse hooneks. Crowdestate investorite kogurisk saab olema peale käesolevat rahastamisvooru 345 000 eurot.Hoone asub Tartu Tammelinna linnaosas, u. 200 m kaugusel Tartu Maarjamõisa meditsiinilinnakust. Sponsoril on plaan muuta hoone sisemist ruumijaotust, ehitada välja külaliskorterid ja seejärel need maha müüa. Piirkonnas on suur nõudlus väikeste üürikorterite järele. Ehitusluba majutushoonena ümberehituseks on olemas ja ehitusega on alustatud - sisemised lammutustööd on lõpetatud ja alustatud on uue raudbetoon vahelae ehitusega ning põrandate valuga.Hoones saab olema 14 külaliskorterit suurustega 12,7 - 32,9 m2 ja kogu müüdav pind on 273,5 m2. Keskmine korteri suurus on 19,5 m2. Broneerimislepingutega on müüdud 7 korterit.Crowdestate investorite poolt antavate laenude tagatiseks on seatud 1.jrk hüpoteek Väike kaar 33c kinnistule, mille turuväärtuseks on hinnatud 300 000 eurot. Ehitustööde käigus tagatisvara väärtus järk-järguliselt suureneb. Valmiskujul on korterite müügiväärtus kokku u. 595 000 eurot. Laenu kestuseks on kuni 5 kuud, intressimäär 10,5% aastas ja intress makstakse ühekordse maksena perioodi lõpus või korteriomandite asjaõiguslike müügilepingute sõlmimisel koos laenu põhiosaga.

Investeering külaliskorterite arendusprojekti Tartus,  5 kuud, intress 10,5% aasta baasil

Hüpoteegiga tagatud lühiajaline ehituslaen

Gli investitori di Crowdestate hanno finanziato l'acquisto degli uffici presenti nell'edificio situato a Väike kaar 33c a Tartu (seconda città più grande dell'Estonia). Lo Sponsor prevede di trasformare l'immobile in un edificio per alloggi a breve termine (appartamenti serviti). Con l'attuale terza tranche lo Sponsor mira a raccogliere 95.000 euro per finanziare la costruzione. Il totale del capitale investito dagli investitori di Crowdestate corrisponderà a 345.000 euro.L'edificio si trova nel quartiere di Tammelinna, a circa 200m dall'ospedale universitario di Tartu (Maarjamõisa). C'è una forte richiesta di piccoli appartamenti in affitto nella zona. Lo sponsor prevede di modificare la struttura interna dell'edificio e di vendere gli appartamenti. L'edificio avrà 14 appartamenti di dimensioni comprese tra 12 e 32 m2 e lo spazio totale vendibile è di 273,5 m2. È stata rilasciata una licenza edilizia per la conversione dell'edificio da uffici ad appartamenti a breve locazione ed è iniziata la costruzione - sono stati completati i lavori di demolizione interna ed è iniziata la costruzione di un nuovo soffitto e di un nuovo pavimento in cemento armato. Già 7 appartamenti sono stati acquistati su carta dagli acquirenti.  È già stata rilasciata una licenza edilizia per la conversione dell'edificio in appartamenti. I prestiti degli investitori di Crowdestate saranno garantiti da una prima ipoteca sulla proprietà che ha un valore di mercato di 300.000 euro. Il valore dell'immobile aumenterà durante la costruzione, una volta effettuate le modifiche strutturali. Si stima che il valore di vendita di tutti gli appartamenti, al termine dei lavori, sarà di 595.000 euro. Il prestito ha durata di 5 mesi, un tasso d'interesse del 10,5% annuo e i primi interessi saranno pagabili in 7 mesi. Il prestito sarà ripagato con i ricavi delle vendite degli appartamenti.

Rahastuseesmärk:	€ 95000
Oodatav tootlus:	10.7 % aastas
Investeerimisperiood:	5 kuud
Riskikategooria:	A Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Väike kaar 33c, Tartu (III)

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