General Information

  • IRR%: 11
  • CoC%: -
  • Minimum: 100 EUR
  • Type: Secured debt
  • Asset: Residential
  • Investors: 602
  • Start Date: 2019-01-18
  • End Date: 2019-06-30
  • Target: 150k EUR
  • Completed: 100%

Additional Information

  • Juurdeveo 25c, 11313 Tallinn
  • Estonia

Hereby we present third funding round for a residential rental building development in Tallinn Centre, at Juurdeveo 25c.

Juurdeveo 25C OÜ is reconstructing a former office and industrial building of Estonian Railways, located at the edge of Tallinn City Centre, at Juurdeveo 25c. The Sponsor intends to turn the building into the residential rental building with 73 studio apartments.

The project includes reconstruction of the building, furnishing the units and sales of turn-key apartments. The Sponsor sees retail property investors as its main target group and has therefore designed a marketing strategy to guarantee clients a 7% rental yield with free rental management service for 24 month period.

Crowdestate investors have an opportunity to fund the construction works of the residential rental building in Tallinn, Juurdeveo 25c in the total amount of EUR 1,020,000. Funding will be arranged in several tranches.

The funding target for this tranche is EUR 150,000. This 9-month tranche will earn an 11.0% fixed annual interest rate, with an IRR of 11.48%.

All loans in all tranches have a 1st lien cross-collateral mortgage in the total amount of EUR 1,415,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent. 

The total funding is arranged in up to 5 separate funding rounds. The last tranche is planned for Q4 of 2018. 

According to the financial model, the loans would be returned and interest paid out latest by June 2019. 

Sponsor has committed to monthly interest payments. Sponsor is obliged to return 80% of sales revenues to Crowdestate investors as loan repayments,

Sponsor has already invested EUR 1,100,000 equity into this project, the funds have been used to acquire the property and start construction works.

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