General Information

  • IRR%: 11.55
  • CoC%: -
  • Minimum: 100 EUR
  • Type: Secured debt
  • Asset: Residential
  • Investors: 510
  • Start Date: 2019-01-18
  • End Date: 2019-12-31
  • Target: 200k EUR
  • Completed: 100%

Additional Information

  • Aeru 9, Aeru 11, Tartu
  • Estonia

This project provides Crowdestate investors with an opportunity to invest in development of row house development project in Tartu, Aeru 9 and Aeru 11, located in exclusive Kvissental precinct.

Kvissental is highly valued and private neighbourhood quite next to River Emajõgi on the northern border of Tartu, the second largest city in Estonia. As the result of this project, two row houses with six apartments in each will be built and sold. Both houses are approx. 40% completed already, financed by Sponsor’s equity. The Sponsor of the project is established construction entrepreneur who functions also as main contractor in this project.

Crowdestate investors have an opportunity to finance the construction of Aeru 9 and Aeru 11 in the amount of EUR 570,000 in total

The first funding round has an objective to raise EUR 200,000

The loans are secured by first rank mortgage on the Aeru 9 and Aeru 11 properties as well as personal assurance in the amount of EUR 100,000 by Mr. Enn Mullamaa, a board member of Westwood Invest OÜ, the sponsor of this project.

The loan term is 12 months and interest rate is fixed on 11% per annum.

There would be quarterly interest payments.

The loan will be returned and outstanding interest will be paid out according to sales as 100% of sales revenues will be transferred to payouts to investors, but not later than expiry date.

The internal rate of return (IRR) of the first tranche is 11,55%.



Project offered by

Crowdestate

Real estate crowdfunding marketplace, with a historical yield of 21.88%. No fees. Minimum investment 100€. Sign up and invest

Would you like to add this platform to your list?

Please Log In first

Don't have an account yet?

Sign up & enjoy all the services BrickFunding provides
Register