General Information

  • IRR%: 11
  • CoC%: -
  • Minimum: 100 EUR
  • Type: Secured debt
  • Asset: Residential
  • Investors: 672
  • Start Date: 2019-03-12
  • End Date: 2019-11-30
  • Target: 150k EUR
  • Completed: 100%

Additional Information

  • Metsapargi tn 6, Alliku küla, Saue vald
  • Estonia

The purpose of current investment opportunity is to finance the construction of 10 apartments (row house) in a Veskimöldre-2 residential area at Metsapargi St. 6, in the total amount of EUR 1,100,000. Current campaign is fourth and in amount of EUR 150,000. The loan is secured by a first rank mortgage on Metsapargi St. 6 property. Fixed interest rate is 11% pa and the loan agreement is scheduled for 9 months

The construction of Metsapargi 6 row-house is on schedule and interior finishing works are underway. The same developer owns immovables next to Metsapargi St. 6: Metsapargi St. 4, Taevasilma St. 3 and Taevasilma St. 5. All registered immovables have construction rights for the construction of 10-apartment buildings.

The Sponsor has signed first real right contract of sale and first round investors have received first loan repayment. Currently there are 2 apartments unsold out of 10. 

The sales prices for apartments are between 199,000 and 214,000 euros. The size of each apartments is 115.1 m2.

Project offered by

Crowdestate

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

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