General Information

  • IRR%: 20.81
  • CoC%: -
  • Minimum: 100 EUR
  • Type: Equity
  • Asset: Residential
  • Investors: 446
  • Start Date: 2019-01-18
  • End Date: 2019-11-30
  • Target: 500k EUR
  • Completed: 100%

Additional Information

  • Āgenskalna iela 24, Rīga, Latvija
  • Latvia

The Project, located at Agenskalna street 24 in Riga, Latvia, will consist of the acquisiiton of land plot and the construction of a residential building in the highly valued Agenskalns neighborhood.

Crowdestate AGEN24 Ltd, a Special Purpose Vehicle (SPV) established for the execution of the current Project (hereinafter: Sponsor) is raising 500,000 euros as the Project's equity (53%) via Crowdestate's real estate crowdfunding platform. The remaining equity (47%) is booked for the professional developer. Project's net profit will be distributed to the investors proportionally to their equity stake in the form of Variable Interest.

Crowdestate has partnered up with Hepsor OÜ as an advisor, and Mitt & Perlebach OÜ as a potential main contractor, to ensure the successful execution of the Project.

The expected duration of the Project is 30 months and the expected return on invested capital (IRR) is 20,8% per annum.

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