After a while, we are happy to offer our investors a project from Latvia - a waterfront (own private boat dock) two-section twin house development project in the nice Adazi village just 20 km from Riga city center. The Project Sponsor has gathered an experienced team of professionals who work on different real estate projects in Adazi which means this is their area of expertise. The Sponsor offers investors the opportunity to finance the construction of Vēja street 4, a waterfront twin house with a loan secured by a 1st . rank mortgage. The cost of construction is 240,000 EUR (VAT included) and construction work has already begun - Sponsor has purchased the land plot and financed the construction of the foundations of the building, purchased aerated concrete blocks and construction company has started to build up the walls. The construction deadline is the beginning of December 2020. However, taking into account that the construction of the walls is already begun it expected that construction could be finished faster and sales should start earlier. In the first funding round, the Sponsor plans to raise EUR 180,000. Loan interest rate is 13% on annual basis.Loan period is up to for the first 12 months. The Sponsor has unilateral right to extend the loan agreement in one occasion for period of 6 months. Interest rate for extended loan period is 13% per annum. All interest and principal repayment will be done from the sales proceeds which are expected in the spring of 2021.The value of the property before the start of construction activities was EUR 79,000. Despite the fact that the goal of the first round of financing is EUR 180,000, we will release 60% of the appraisal value of the property to the Sponsor after the mortgage has been established. The remaining amount will remain in Crowdestate's custody, bearing interest to investors. Further payments will be released in accordance with construction reports by independent construction supervisor.

Invest in a prime real estate development in Latvia and earn 13% p.a.

Residental twin house in waterfront location

After a while, we are happy to offer our investors a project from Latvia - a waterfront (own private boat dock) two-section twin house development project in the nice Adazi village just 20 km from Riga city center. The Project Sponsor has gathered an experienced team of professionals who work on different real estate projects in Adazi which means this is their area of expertise. The Sponsor offers investors the opportunity to finance the construction of Vēja street 4, a waterfront twin house with a loan secured by a 1st . rank mortgage. The cost of construction is 240,000 EUR (VAT included) and construction work has already begun - Sponsor has purchased the land plot and financed the construction of the foundations of the building, purchased aerated concrete blocks and construction company has started to build up the walls. The construction deadline is the beginning of December 2020. However, taking into account that the construction of the walls is already begun it expected that construction could be finished faster and sales should start earlier. In the first funding round, the Sponsor plans to raise EUR 180,000. Loan interest rate is 13% on annual basis.Loan period is up to for the first 12 months. The Sponsor has unilateral right to extend the loan agreement in one occasion for period of 6 months. Interest rate for extended loan period is 13% per annum. All interest and principal repayment will be done from the sales proceeds which are expected in the spring of 2021.The value of the property before the start of construction activities was EUR 79,000. Despite the fact that the goal of the first round of financing is EUR 180,000, we will release 60% of the appraisal value of the property to the Sponsor after the mortgage has been established. The remaining amount will remain in Crowdestate's custody, bearing interest to investors. Further payments will be released in accordance with construction reports by independent construction supervisor.

After a while, we are happy to offer our investors a project from Latvia - a waterfront (own private boat dock) two-section twin house development project in the nice Adazi village just 20 km from Riga city center. The Project Sponsor has gathered an experienced team of professionals who work on different real estate projects in Adazi which means this is their area of expertise. The Sponsor offers investors the opportunity to finance the construction of Vēja street 4, a waterfront twin house with a loan secured by a 1st . rank mortgage. The cost of construction is 240,000 EUR (VAT included) and construction work has already begun - Sponsor has purchased the land plot and financed the construction of the foundations of the building, purchased aerated concrete blocks and construction company has started to build up the walls. The construction deadline is the beginning of December 2020. However, taking into account that the construction of the walls is already begun it expected that construction could be finished faster and sales should start earlier. In the first funding round, the Sponsor plans to raise EUR 180,000. Loan interest rate is 13% on annual basis.Loan period is up to for the first 12 months. The Sponsor has unilateral right to extend the loan agreement in one occasion for period of 6 months. Interest rate for extended loan period is 13% per annum. All interest and principal repayment will be done from the sales proceeds which are expected in the spring of 2021.The value of the property before the start of construction activities was EUR 79,000. Despite the fact that the goal of the first round of financing is EUR 180,000, we will release 60% of the appraisal value of the property to the Sponsor after the mortgage has been established. The remaining amount will remain in Crowdestate's custody, bearing interest to investors. Further payments will be released in accordance with construction reports by independent construction supervisor.

Käosolevaks investeerimisvõimaluseks on paarismaja arendusprojekt aadressil Vēja tänav 4, Adazi küla, Läti Vabariik. Tegemist on Vējupe järve äärse kinnistuga, mis asub Riia kesklinnast vaid 25 km kaugusel. Projekti Sponsoriks on kogenud arendaja, kes on samas piirkonnas - Adažis - edukalt ehitanud ja müünud mitmeid paarismaju. Sponsor pakub võimalust finantseerida järveäärse asukohaga paarismaja  ehitust kokku summas 240,000 eurot. Rahastus on korraldatud mitme rahastusvooru kaudu.Sponsor on omandanud krundi omavahenditest. Hoone vundamendi ja seinte ehitust on juba alustatud.  Ehitustähtaeg on 2020. aasta detsember. Arvestades, et seinte ehitamine on juba alanud, peab Sponsor tõenäoliseks, et ehitusperiood kujuneb lühemaks..Käesoleva, esimese rahastusvooru eesmärgiks on 180,000 eurot. Laenu fikseeritud intressimääraks on 13% aasta baasil. Laenuperioodi pikkuseks on 12 kuud, kuid Sponsoril on ühepoolne õigus laenulepingut 6 kuu võrra pikendada, makstes pikendusperioodi vältel 2% võrra kõrgemat intressi.Perioodilisi intresimakseid ei tehta. Laenu tagastamise ja intressi maksmise allikaks on majaosade müük. Laen on tagatud 1. järjekoha hüpoteegiga arendatavale kinnistule.Kinnistu väärtuseks enne ehitustegevuse algust oli 79,000 eurot. Olenemata sellest, et esimese rahastusvooru eesmärk on 180,000 eurot, väljastame Sponsorile peale hüpoteegi seadmist 60% kinnistu hindamisväärtusest. Ülejäänud summa jääb Crowdestate halduskontole, kandes seejuures intressi. Edasised väljamaksed teeme vastavalt ehitusaktidele.

Investeeri kinnisvaraarendusse Lätis ja teeni 13% tulusust aastas.

Kaksikmaja elamu järve piiril

After a while, we are happy to offer our investors a project from Latvia - a waterfront (own private boat dock) two-section twin house development project in the nice Adazi village just 20 km from Riga city center. The Project Sponsor has gathered an experienced team of professionals who work on different real estate projects in Adazi which means this is their area of expertise. The Sponsor offers investors the opportunity to finance the construction of Vēja street 4, a waterfront twin house with a loan secured by a 1st . rank mortgage. The cost of construction is 240,000 EUR (VAT included) and construction work has already begun - Sponsor has purchased the land plot and financed the construction of the foundations of the building, purchased aerated concrete blocks and construction company has started to build up the walls. The construction deadline is the beginning of December 2020. However, taking into account that the construction of the walls is already begun it expected that construction could be finished faster and sales should start earlier. In the first funding round, the Sponsor plans to raise EUR 180,000. Loan interest rate is 13% on annual basis.Loan period is up to for the first 12 months. The Sponsor has unilateral right to extend the loan agreement in one occasion for period of 6 months. Interest rate for extended loan period is 13% per annum. All interest and principal repayment will be done from the sales proceeds which are expected in the spring of 2021.The value of the property before the start of construction activities was EUR 79,000. Despite the fact that the goal of the first round of financing is EUR 180,000, we will release 60% of the appraisal value of the property to the Sponsor after the mortgage has been established. The remaining amount will remain in Crowdestate's custody, bearing interest to investors. Further payments will be released in accordance with construction reports by independent construction supervisor.

After a while, we are happy to offer our investors a project from Latvia - a waterfront (own private boat dock) two-section twin house development project in the nice Adazi village just 20 km from Riga city center. The Project Sponsor has gathered an experienced team of professionals who work on different real estate projects in Adazi which means this is their area of expertise. The Sponsor offers investors the opportunity to finance the construction of Vēja street 4, a waterfront twin house with a loan secured by a 1st . rank mortgage. The cost of construction is 240,000 EUR (VAT included) and construction work has already begun - Sponsor has purchased the land plot and financed the construction of the foundations of the building, purchased aerated concrete blocks and construction company has started to build up the walls. The construction deadline is the beginning of December 2020. However, taking into account that the construction of the walls is already begun it expected that construction could be finished faster and sales should start earlier. In the first funding round, the Sponsor plans to raise EUR 180,000. Loan interest rate is 13% on annual basis.Loan period is up to for the first 12 months. The Sponsor has unilateral right to extend the loan agreement in one occasion for period of 6 months. Interest rate for extended loan period is 13% per annum. All interest and principal repayment will be done from the sales proceeds which are expected in the spring of 2021.The value of the property before the start of construction activities was EUR 79,000. Despite the fact that the goal of the first round of financing is EUR 180,000, we will release 60% of the appraisal value of the property to the Sponsor after the mortgage has been established. The remaining amount will remain in Crowdestate's custody, bearing interest to investors. Further payments will be released in accordance with construction reports by independent construction supervisor.

After a while, we are happy to offer our investors a project from Latvia - a waterfront (own private boat dock) two-section twin house development project in the nice Adazi village just 20 km from Riga city center. The Project Sponsor has gathered an experienced team of professionals who work on different real estate projects in Adazi which means this is their area of expertise. The Sponsor offers investors the opportunity to finance the construction of Vēja street 4, a waterfront twin house with a loan secured by a 1st . rank mortgage. The cost of construction is 240,000 EUR (VAT included) and construction work has already begun - Sponsor has purchased the land plot and financed the construction of the foundations of the building, purchased aerated concrete blocks and construction company has started to build up the walls. The construction deadline is the beginning of December 2020. However, taking into account that the construction of the walls is already begun it expected that construction could be finished faster and sales should start earlier. In the first funding round, the Sponsor plans to raise EUR 180,000. Loan interest rate is 13% on annual basis.Loan period is up to for the first 12 months. The Sponsor has unilateral right to extend the loan agreement in one occasion for period of 6 months. Interest rate for extended loan period is 13% per annum. All interest and principal repayment will be done from the sales proceeds which are expected in the spring of 2021.The value of the property before the start of construction activities was EUR 79,000. Despite the fact that the goal of the first round of financing is EUR 180,000, we will release 60% of the appraisal value of the property to the Sponsor after the mortgage has been established. The remaining amount will remain in Crowdestate's custody, bearing interest to investors. Further payments will be released in accordance with construction reports by independent construction supervisor.

Latvia

Euro

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Vēja iela 4, Ādaži (I)

Finance and real estate deal expert with more than 9 years of experience in financial planning, structuring, financial due diligence. Has been a Financial and also Senior Consultant with the PricewaterhouseCoopers.

Kārlis Babulis

Finance and real estate deal expert with more than 9 years of experience in financial planning, structuring, financial due diligence. Has been a Senior Consultant with the PricewaterhouseCoopers and also worked as a financial consultant at PwC.

Rahastuseesmärk:	€ 180000
Oodatav tootlus:	13 % aastas
Investeerimisperiood:	19 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Vēja iela 4, Ādaži (I)

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