The purpose of the current investment opportunity is to continue with the funding of Rae põik 10 terraced house construction. In this stage is planned to build the next terraced house with 9 apartments at Rae põik 10, Rae municipality, Harju country, Estonia. While the project is located just outside the Tallinn (capital of Estonia) city limits, it is 10 km away from Tallinn city centre.The Sponsor, Väike-Rae Arenduse OÜ, intends to raise with several investment rounds EUR 803,000 from Crowdestate investors, which will be used for financing the construction costs at Rae põik 10. The amount of the current fourth investment round is EUR 30,000. The loan will be repaid from the apartment sales revenue. The construction is in progress (about 71% is completed). The construction deadline is Spring 2022.All 9 apartments have been sold with notarised pre-sale agreements. For successful exit has to be sold 6 apartments.Loan term is scheduled up to 4 months. Fixed interest rate of the loan is 8,5% p.a. There is no periodic interest payments. Accrued interest is payable at the signing of apartments' sales contracts or at the end of the loan period latest.The loan is secured by a first rank co-mortgage on 2 residential land plots - Rae põik 8 and Rae põik 10. The construction of Rae põik 8 is 92% completed and Rae põik 10 is 71% completed. All apartments (18) in aforementioned developments houses have been pre-sold. The value of the collateral is currently 1,721,828 euros (incl. unbuilt land plot + actual construction works). The total amount of loans of Rae põik 8 and 10 is EUR 1,177,100. LTV of the project is currently 68%. The Sponsor has completed the terraced house of neighboring Rae põik 6 plot and repaid Crowdestate investors' loan on time.

Real estate investment opportunity in Estonia for property development offering 8.5% annual interest rate.

Investment opportunity | Rae põik 10, Rae parish, Harju country

The purpose of the current investment opportunity is to continue with the funding of Rae põik 10 terraced house construction. In this stage is planned to build the next terraced house with 9 apartments at Rae põik 10, Rae municipality, Harju country, Estonia. While the project is located just outside the Tallinn (capital of Estonia) city limits, it is 10 km away from Tallinn city centre.The Sponsor, Väike-Rae Arenduse OÜ, intends to raise with several investment rounds EUR 803,000 from Crowdestate investors, which will be used for financing the construction costs at Rae põik 10. The amount of the current fourth investment round is EUR 30,000. The loan will be repaid from the apartment sales revenue. The construction is in progress (about 71% is completed). The construction deadline is Spring 2022.All 9 apartments have been sold with notarised pre-sale agreements. For successful exit has to be sold 6 apartments.Loan term is scheduled up to 4 months. Fixed interest rate of the loan is 8,5% p.a. There is no periodic interest payments. Accrued interest is payable at the signing of apartments' sales contracts or at the end of the loan period latest.The loan is secured by a first rank co-mortgage on 2 residential land plots - Rae põik 8 and Rae põik 10. The construction of Rae põik 8 is 92% completed and Rae põik 10 is 71% completed. All apartments (18) in aforementioned developments houses have been pre-sold. The value of the collateral is currently 1,721,828 euros (incl. unbuilt land plot + actual construction works). The total amount of loans of Rae põik 8 and 10 is EUR 1,177,100. LTV of the project is currently 68%. The Sponsor has completed the terraced house of neighboring Rae põik 6 plot and repaid Crowdestate investors' loan on time.

Rae põik 10 üheksa korteriga ridamaja arendus asub Rae vallas, Rae külas, u. 10 km kaugusel Tallinna kesklinnast. Projekti Sponsor on naaberkinnistutel sama projekti alusel ehitamas nelja ridamaja, mille rahastamine toimub Crowdestate investorite poolt. Rae põik 10 ehituse maksumus on 803 000 eurot ja Crowdestate investoritele pakutakse võimalust neljanda vooruga rahastada ehitust mahus 30 000 eurot. Koos eelnevate rahastamisvoorudega on investorite laen kokku summas 576 000 eurot, mis on ka tänaseks akteeritud ehitustööde maksumus. Võlaõiguslepingutega on kõik korterid müüdud. Laenuperiood on 2 kuud.  Fikseeritud intressimäär on 8,5% aasta baasil. Intress makstakse ühekordse maksena perioodi lõpus või korterite asjaõiguslike müügilepingute raames summa laekumisel. Laenu tagastamise allikaks on valminud korterite müük. Projekti valmimise tähtaeg on kevad 2022.a. Laen on tagatud 1. järjekoha ühishüpoteekidega Rae põik 8 ja 10 kinnistutele. Mõlemal kinnistul on kehtiv ehitusluba identsetele ridaelamutele. Rae põik 8 ridaelamu ehituse valmidus 0n 92% ja korterite asjaõiguslepingute sõlmimine ja laenude tagasimaksmine algab veebruari viimasel nädalal. Rae põik 10 ridaelamu on 71% valmis. Tagatisvara väärtus on käesoleva kampaania hetkel 1 721 828 eurot (sh. hoonestamata kinnistu + akteeritud ehitustööd). Rae põik 8 ja 10 projektide laenude kogusumma on 1 177 100 eurot.  Projekti LTV on hetkel 68%.Sponsor on Rae põik 6 naaberkinnistu ridamaja valmis ehitanud ja Crowdestate investorite laenu tähtaegselt tagasi maksnud.

Real estate investment opportunity in Estonia for property development offering 8,5% annual interest rate.

Funding goal:	€ 30000
Expected return:	9.1 % p.a
Investment term:	5 months
Risk category:	B Risk assessment model
LTV:	Low risk %
Capital stack:	Secured loan

Rae põik 10, Rae (IV)

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