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. Construction works have started and construction of foundations is currently under works. Also, the construction of modules have started in the off-site factory.  Although this project involves prefabrication technology, Crowdestate is financing only the costs on the construction site, which results in increase of the property value. The goal of this tranche is 100 000 EUR. 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 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, together with the 270,000 EUR value of completed construction works, gives the LTV ratio of 46% (61% LTV only against land value).

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. Construction works have started and construction of foundations is currently under works. Also, the construction of modules have started in the off-site factory.  Although this project involves prefabrication technology, Crowdestate is financing only the costs on the construction site, which results in increase of the property value. The goal of this tranche is 100 000 EUR. 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 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, together with the 270,000 EUR value of completed construction works, gives the LTV ratio of 46% (61% LTV only against land value).

Käesolevaks investeerimisvõimaluseks on kinnisvara arendusprojekt kahe 3-korruselise ning 24 korteriga korterelamu rajamiseks. Projekti Sponsor soovib kaaasata 100,000 eurot ehitustööde jätkamiseks. Projekt asub kaunis kuurortlinnas Jurmalas, 300 meetri kaugusel lõputu valge liivarannaga Läänemere rannikust. Crowdestate'i investorid on varem aitanud rahastada arendusmaa krundi soetamist ning ehitustööde alustamist kokku summas ca. EUR 400,000 Hetkel on kõik ettevalmistustööd lõpetatud ning ehitustööd on alanud. Ca. 50% vundamenditöödest on lõpetatud. 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 on 1. järjekoha hüpoteek arendatavale kinnistule aadressiga Pumpura iela 3A kinnistule. 4 594 m2 maatüki turuväärtus on 811 000 eurot, mis tähendab, et juba 270,000 euro eest tehtud ehitustöödega, on käesoleva rahastusvooru LTV  46%.

Latvia

Euro

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Rahastuseesmärk:	€ 100000
Oodatav tootlus:	13 % aastas
Investeerimisperiood:	12 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Villa Astor, Jūrmala (V)

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