Crowdestate investors have financed the rebuilding of the office-building located at Väike kaar 33c in Tartu (second largest city in Estonia). Total investment amount is EUR 250,000. Construction work has been completed. EUR 250,000 loan is secured by 1st mortgage on 8 apartments. 2 apartments will be sold in March and May 2021. The Sponsor wants to keep 6 apartments and, once the permit of use has been issued, rent them out. With the current funding campaign, the Sponsor offers an opportunity to finance the furnishing of 6 apartments in the additional amount of EUR 30,000.Current loan will be secured by a 2nd mortgage on 8 apartments (170.6 m2) of Väike kaar 33c and market value EUR 402,000. 1st mortgage secures EUR 250,000 Crowdestate investors' loan. Project LTV is 69.7% (considering Crowdestate loan principal of 1st and 2nd mortgage). Loan period is up to 11 months, interest rate is 12% 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 or/and in refinancing with long-term bank loan.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 construction has been completed and the Sponsor is obliged to obtain a permit of use by June 30th, 2021 at the latest. The attached pictures of the interior were taken on January 19th, 2021.

Invest in serviced apartments in Estonia and earn 12% p.a., investment period 11 months

Short term loan secured by 2nd mortgage

Crowdestate investors have financed the rebuilding of the office-building located at Väike kaar 33c in Tartu (second largest city in Estonia). Total investment amount is EUR 250,000. Construction work has been completed. EUR 250,000 loan is secured by 1st mortgage on 8 apartments. 2 apartments will be sold in March and May 2021. The Sponsor wants to keep 6 apartments and, once the permit of use has been issued, rent them out. With the current funding campaign, the Sponsor offers an opportunity to finance the furnishing of 6 apartments in the additional amount of EUR 30,000.Current loan will be secured by a 2nd mortgage on 8 apartments (170.6 m2) of Väike kaar 33c and market value EUR 402,000. 1st mortgage secures EUR 250,000 Crowdestate investors' loan. Project LTV is 69.7% (considering Crowdestate loan principal of 1st and 2nd mortgage). Loan period is up to 11 months, interest rate is 12% 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 or/and in refinancing with long-term bank loan.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 construction has been completed and the Sponsor is obliged to obtain a permit of use by June 30th, 2021 at the latest. The attached pictures of the interior were taken on January 19th, 2021.

Crowdestate investorid on rahastanud Tartus Väike kaar 33c asuva büroohoone soetust ja ehitust summas 250 000 eurot. Sponsor ehitas endise büroohoone ümber lühiajalise majutuse hooneks, kus on 14 külaliskorterit. Ehitustööd on lõppenud. Investorite 250 000 eurose laenu tagatiseks on seatud 1. järjekoha ühishüpoteek kaheksale korteriomandile. Kahe korteri ostjaga sõlmitakse asjaõiguslikud müügilepingud hiljemalt 2021.a. märtsis ja mais. Ülejäänud 6 korterit plaanib Sponsor jätte oma kasutusse ja need välja üürida. Praegusega pakub Sponsor võimalust rahastada 6 korteri sisustamist täiendavalt summas 30 000 eurot. Lisanduva laenu tagatiseks seatakse 2. järjekoha ühishüpoteek Väike kaar 33c kaheksale korteriomandile suurusega kokku 170,6 m2. Esimene järjekoht tagab Crowdestate eelmise vooru investorite laene. Esimese ja teise järjekohaga tagatud laenude põhisumma suhe tagatisvara väärtusesse (LTV) on 69,7%. Tagatisvara turuväärtus on 402 000 eurot. Laenu kestuseks on kuni 11 kuud, intressimäär 12% aastas ja intress makstakse ühekordse maksena perioodi lõpus või korteriomandite asjaõiguslike müügilepingute sõlmimisel koos laenu põhiosaga.  Väike kaar 33c hoone asub Tartu Tammelinna linnaosas, u. 200 m kaugusel Tartu Maarjamõisa meditsiinilinnakust. Sponsor on muutnud hoone sisemist ruumijaotust ja ehitanud välja külaliskorterid. Piirkonnas on suur nõudlus väikeste üürikorterite järele. Ehitustööd on lõpetatud ja lepinguliselt on Sponsoril kohustus saada kasutusluba hiljemalt 30.juuniks 2021. Lisas olevad siseruumi pildid on tehtud 19.01.2021.

Investeering Tartu külaliskorterite tagatisel, 11 kuud, intress 12% aasta baasil

Rahastuseesmärk:	€ 30000
Oodatav tootlus:	12 % aastas
Investeerimisperiood:	6 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Väike kaar 33c, Tartu (V)

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