The goal for this opportunity is to finance the construction of a 90 apartment building, situated at 199-201-203, Drumul Ciorogarla street, Bucharest, district 6, Romania. This will be Phase 1 of a larger 360 apartment development on a land of 10,000 sqm. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan (for more information regarding senior debt, please check out this blog post - <a href="https://blog.crowdestate.eu/en/2020/secured-loan-definition/">https://blog.crowdestate.eu/en/2020/secured-loan-definition/</a>) in a total amount of EUR 2,600,000, arranged in 7-8 tranches, based on the progression of works. This is the 3rd tranche of the investment opportunity in the amount of EUR 290,000. The first tranche was EUR 262,300 (raised in November 2020) and the second tranche was EUR 220,000 (raised in December 2020). The source of reimbursement will be the sale of the units when finalized. At this moment, 17 apartments of the 1st phase are reserved (21%) for a cumulated price of ~EUR 1.16 million and ~EUR 43,000 were paid in advance.The investment tenor for this tranche is up to 18 months. The interest rate is 13.5% p.a. and it will be paid in monthly installments. The loan will be secured with a 3rd rank mortgage on the land and future buildings. The land has been evaluated for EUR 980,000. After this funding round, the land value-based LTV for this project is 80%. If we take into account all investments made up to date (~EUR 1 million + EUR 980 land valuation), the LTV is 40%.

Real estate investment opportunity in Romania for property development

Investment opportunity | Drumul Ciorogarla 199-201-203, Bucharest, Romania

The goal for this opportunity is to finance the construction of a 90 apartment building, situated at 199-201-203, Drumul Ciorogarla street, Bucharest, district 6, Romania. This will be Phase 1 of a larger 360 apartment development on a land of 10,000 sqm. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan (for more information regarding senior debt, please check out this blog post - <a href="https://blog.crowdestate.eu/en/2020/secured-loan-definition/">https://blog.crowdestate.eu/en/2020/secured-loan-definition/</a>) in a total amount of EUR 2,600,000, arranged in 7-8 tranches, based on the progression of works. This is the 3rd tranche of the investment opportunity in the amount of EUR 290,000. The first tranche was EUR 262,300 (raised in November 2020) and the second tranche was EUR 220,000 (raised in December 2020). The source of reimbursement will be the sale of the units when finalized. At this moment, 17 apartments of the 1st phase are reserved (21%) for a cumulated price of ~EUR 1.16 million and ~EUR 43,000 were paid in advance.The investment tenor for this tranche is up to 18 months. The interest rate is 13.5% p.a. and it will be paid in monthly installments. The loan will be secured with a 3rd rank mortgage on the land and future buildings. The land has been evaluated for EUR 980,000. After this funding round, the land value-based LTV for this project is 80%. If we take into account all investments made up to date (~EUR 1 million + EUR 980,000 land valuation), the LTV is 40%.<img class="ta-insert-video" src="https://img.youtube.com/vi/A-IUSoFnorY/hqdefault.jpg" ta-insert-video="https://www.youtube.com/embed/A-IUSoFnorY" contenteditable="false" allowfullscreen="true" frameborder="0"/> <img class="ta-insert-video" src="https://img.youtube.com/vi/QH5Ybul8hyI/hqdefault.jpg" ta-insert-video="https://www.youtube.com/embed/QH5Ybul8hyI" contenteditable="false" allowfullscreen="true" frameborder="0"/>

Käesoleva investeerimisvõimaluse eesmärk on rahastada 90 korteriga elamu ehituskulusid. Projekt asub aadressil 199-201-203, Drumul Ciorogarla, Bukarest, 6, Rumeenia. Elamu asub 10 000 ruutmeetri suurusel maa-alal ning on 360 korteriga elamuarenduse esimene etapp. Crowdestate'i investoritel on võimalus investeerida hüpoteegiga tagatud seeniorlaenu kogusummas 2 600 000 eurot, jaotatud seitsmeks/kaheksaks osaks, lähtudes tööde edenemisest. Käesolev rahastusvoor on antud projekti kolmas, suuruses 290 000 eurot. Esimese vooruga kaasati 262 300 eurot ja teise vooruga 220 000 eurot. Tagasimaksed tehakse valmis korterite müügist. Käesoleva projekti avaldamise ajaks on broneeritud 17 esimese etapi korterit (21%) ligikaudu 1,16 miljoni euro eest, millest ligikaudu 43 000 eurot on saadud ettemaksena. Investeerimisperiood on kuni 18 kuud. Intressimäär on 13.5% aastas ning intressimakseid tehakse igakuiselt. Laen on tagatud kolmanda järgu hüpoteegiga maalapi ja tulevaste hoonetele. Kinnistu väärtuseks on hinnatud 980 000 eurot.. Esimese ja teise järgu hüpoteeke hoiavad vastavalt Crowdestate’i esimese ja teise rahastusvooru investorid. Peale käesolevat rahastamisvooru on antud projekti maaväärtusel põhinev LTV 40%.

Scopul acestei oportunitati este finantarea constructiei unui bloc de 90 de apartamente, situat la 199-201-203, strada Drumul Ciorogarla, Bucuresti, sector 6, Romania. Aceasta va fi faza 1 a unei dezvoltari mai mari de 360 ​​de apartamente pe un teren de 10.000 mp.Investitorii Crowdestate vor avea ocazia sa investeasca intr-un imprumut  senior (pentru mai multe informatii despre imprumuturi senior, va rugam sa consultati aceasta postare pe blog - https://blog.crowdestate.eu/en/2020/secured-loan-definition/ ) in valoare totala de 2.600.000 EUR, dispus in 7-8 transe, pe baza progresului lucrarilor. Aceasta este a treia transa a oportunitatii de investitii, in valoare de 290.000 EUR. Prima transa a fost de 262.300 EUR (finantata in noiembrie 2020), iar a doua transa a fost de 220.000 EUR (finantata in decembrie 2020).Sursa rambursarii va fi vanzarea unitatilor la finalizare.In acest moment, 17 apartamente din prima faza sunt rezervate (21%) pentru un pret cumulat de ~ 1,16 milioane EUR si ~ 43.000 EUR au fost platite in avans.Perioada de imprumut pentru aceasta transa este de pana la 18 luni. Dobanda este de 13,5% pe an si va fi platita in rate lunare. Imprumutul va fi garantat cu o ipoteca de rangul 3 asupra terenului si a cladirilor viitoare. Terenul a fost evaluat pentru 980.000 EUR. Dupa aceasta runda de finantare, LTV raportat la valoarea terenului este de 80%. Daca luam in considerare toate investitiile realizate pana in prezent (~ 1 milion EUR + 980.000 EUR evaluare teren), LTV este de 40%.

Romania

Euro

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Drumul Ciorogarla 199-201-203, Bucuresti (III)

David Astanjelove

Badry Mamistavlov

Shalom Shaliko Tal

Funding goal:	€ 290000
Expected return:	13.5 % p.a
Investment term:	19 months
Risk category:	B Risk assessment model
LTV:	Low risk %
Capital stack:	Secured loan

Drumul Ciorogarla 199-201-203, Bucuresti (III)

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