This investment opportunity enables investors to invest into the construction of a small apartment building with 11 apartments and 2 business premises in Kohila parish, Vabaduse 16, Kohila, Estonia by the developer Starelement OÜ.
The Sponsor of the project, Starelement OÜ and its sole owner, Mr Jaanus Jässi (hereinafter: Sponsor) wishes to crowdfund 150 000 Euros from Crowdestate investors, to be used as supplementary equity next to the senior loan and Sponsor equity.
The Sponsor shall issue 100% share pledge in favor of Crowdestate Collateral Agent OÜ for the loan period.
This investment opportunity offers investors a set fixed interest rate of 16% p.a. for a loan term of up to 14 months with the possibility of early repayment after 12 months.
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