This real estate development project available for investing is a two 3 floor-building residential apartment project with 24 units. The project is located in the beautiful resort city Jurmala 300 meters from the coast of the Baltic sea with endless white-sand beaches. Crowdestate investors have previously helped finance the development land plot acquisition. Currently, the Sponsor of the project has completed a redesign of the project and has done all preparation works to start construction of the project. The Sponsor is providing a 300,000 EUR cash injection which will be used to repay the largest part and interest of the existing 507,000 EUR loan. The goal of this tranche is 86,200 EUR. The purpose of this loan is to refinance the rest of the existing loan not covered by the sponsor's cash injection. The fixed interest rate for this funding round is 13% per annum. The loan will be returned and accrued interest will be paid from sales of the built apartment units at the end of 12 month loan period or sooner following the sales of the newly built units. The loan will be secured by the 1st. rank mortgage on the Pumpura iela 3A property. The market value of this 4,594 m2 land plot is EUR 811,000 which means that the LTV ratio for this financing round is 37%.

Invest in development in Latvia and earn 13% p.a.

Investment opportunity | 13% return p.a.

This real estate development project available for investing is a two 3 floor-building residential apartment project with 24 units. The project is located in the beautiful resort city Jurmala 300 meters from the coast of the Baltic sea with endless white-sand beaches. Crowdestate investors have previously helped finance the development land plot acquisition. Currently, the Sponsor of the project has completed a redesign of the project and has done all preparation works to start construction of the project. The Sponsor is providing a 300,000 EUR cash injection which will be used to repay the largest part and interest of the existing 507,000 EUR loan. The goal of this tranche is 86,200 EUR. The purpose of this loan is to refinance the rest of the existing loan not covered by the sponsor's cash injection. The fixed interest rate for this funding round is 13% per annum. The loan will be returned and accrued interest will be paid from sales of the built apartment units at the end of 12 month loan period or sooner following the sales of the newly built units. The loan will be secured by the 1st. rank mortgage on the Pumpura iela 3A property. The market value of this 4,594 m2 land plot is EUR 811,000 which means that the LTV ratio for this financing round is 37%.

Käesolevaks investeerimisvõimaluseks on kinnisvara arendusprojekt kahe 3-korruselise ning 24 korteriga korterelamu rajamiseks. Projekt asub kaunis kuurortlinnas Jurmalas, 300 meetri kaugusel lõputu valge liivarannaga Läänemere rannikust. Crowdestate'i investorid on varem aitanud rahastada arendusmaa krundi soetamist. Hetkel on projekti sponsorid lõpetanud projekti ümberkujundamise ning teinud kõik ettevalmistustööd projekti ehituse alustamiseks. Sponsor annab 300 000 euro suuruse rahasüsti, mida kasutatakse olemasoleva 507 000 euro suuruse laenu suurema osa ja intresside tagasi maksmiseks. Antud esimese osamakse eesmärk on 300 000 eurot. Laenu eesmärk on refinantseerida ülejäänud olemasolevast laenust, mida Sponsorid rahasüstiga ei kata. Antud rahastamisvooru fikseeritud intressimäär on 13% aastas. Laen tagastatakse ja kogunenud intress tasutakse ehitatud korteri üksuste müügilt 12-kuulise laenuperioodi lõpus või varem pärast vastvalminud korterite müüki. Laenu tagatiseks saab 1. järjekoha hüpoteek Pumpura iela 3A kinnistule. 4 594 m2 maatüki turuväärtus on 811 000 eurot, mis tähendab, et selle finantseerimise ringi LTV suhe on 37%.

Latvia

Euro

Rahastuseesmärk:	€ 86200
Oodatav tootlus:	13 % aastas
Investeerimisperiood:	15 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Villa Astor, Jūrmala (II)

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