General Information

  • IRR%: 12
  • CoC%: -
  • Minimum: 100 EUR
  • Type: Secured debt
  • Asset: Residential
  • Investors: 826
  • Start Date: 2019-01-18
  • End Date: 2019-07-31
  • Target: 200k EUR
  • Completed: 100%

Additional Information

  • Sarapuu 9b, Tabasalu
  • Estonia

This investment opportunity is part of development project at Tammelehe street (Tabasalu, Harku county, Harjumaa) which includes 3 separate land plots. The first phase of the development - building a row house with 6 apartments at Tammelehe 2 which involved also Crowdestate investors, is successfully sold and is pending on construction to be completed. The Sponsor has received building permits also for next two properties in Tammelehe project, at Tammelehe 4 and Tammelehe 6.  The Sponsor, Tammelehe Arenduse OÜ has started developing the second row house at Tammelehe 4.

Tammelehe 4 development requires funding amounting EUR 721 800 in total. The funding is arranged in tranches according to the invoices submitted by the main contractor. With each new funding round, the value of the underlying asset will increase until the row house is finished. 

The third funding round of Tammelehe 4 development requires funding in the amount of EUR 200,000. The investment period of this tranche is up to 10 months and is paying a 12.0% interest rate p.a. Additionally, Sponsor has an option to unilaterally extend the loan period for up to 4 months with commitment to pay additional 2% interest for the extended period. 

The loan is secured by a first rank mortgage on the property. The Sponsor, Constructor and Crowdestate have signed a agreement for security acquisition of construction elements in the possession (prior to installation into Object) of Constructor to Crowdestate Collateral Agent as well as assignment of claims by Sponsor against Constructor to Collateral Agent.

Project offered by

Crowdestate

Real estate crowdfunding marketplace, with a historical yield of 21.88%. No fees. Minimum investment 100€. Sign up and invest: https://crowdestate.eu/home

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