This real estate investment project is a development project of a beautiful 9 rowhouse apartments in one of the most active real estate micro-markets in Latvia, which is Mārupe. All 9 units are already presold. The Sponsor has designed almost zero energy homes that classify as energy class A++. Units are designed according to the most advanced passive house standards and will be equipped with solar batteries, collectors, and smart home functions.With this project, the Sponsor aims to raise funds for the development of 9 row house units with a gross building area of 1,225 m2 plus partially roofed terraces and closed car parking places plus sheds with a total area of 679 m2.The goal of this tranche is 90,000 Euros. The loan will earn 13% p.a. and will be secured by a 1st rank mortgage on the development land plot. Crowdestate investors will have the possibility to fund a total loan amount of 1.4 million Euros in several tranches. The estimated total costs of the project are 2.3 million Euros and the projected base scenario revenues of the project are 2.6 million Euros.The principal and interest payment will be done as a bullet payment at the end of the 7-month loan or earlier following the sales of the newly built row house units. The total value of the project is currently ca. EUR 1,5 million: land value EUR 252 000 EUR to which we add the value of completed construction works in amount of ca. EUR 1,25 million. Thus the LTV for the loan is 69%. At the end of November 2022, the completion rate of the development was 70%.

Invest in development in Latvia and earn 13% p.a.

Investment opportunity | 13% return p.a.

This real estate investment project is a development project of a beautiful 9 rowhouse apartments in one of the most active real estate micro-markets in Latvia, which is Mārupe. All 9 units are already presold. The Sponsor has designed almost zero energy homes that classify as energy class A++. Units are designed according to the most advanced passive house standards and will be equipped with solar batteries, collectors, and smart home functions.With this project, the Sponsor aims to raise funds for the development of 9 row house units with a gross building area of 1,225 m2 plus partially roofed terraces and closed car parking places plus sheds with a total area of 679 m2.The goal of this tranche is 150,716 Euros. The loan will earn 14% p.a. and will be secured by a 1st rank mortgage on the development land plot. Crowdestate investors will have the possibility to fund a total loan amount of 1.425 million Euros in several tranches. The estimated total costs of the project are 3 million Euros and the projected base scenario revenues of the project are 2.85 million Euros.The principal and interest payment will be done as a bullet payment at the end of the 6-month loan or earlier following the sales of the newly built row house units. Since the project is very close to being finished, the value of the project is calculated by subtracting unfinished construction costs from the sales price. Therefore, the total value of the project currently is approximately 2.3 million EUR. Thus, the LTV currently stands at 62%.At the end of March 2023, the completion rate of the development was 90%.

Invest in development in Latvia and earn 14% p.a.

Investment opportunity |14% return p.a.

Käesolevaks investeerimisvõimaluseks on üheksast ridaelamust koosnev arendusprojekt, mis asub Mārupes, Läti kõige aktiivsemal mikroturul. Sponsor on projekteerinud energiasäästlikud ridaelamud, mis liigituvad A++ energiaklassi. Elamud vastavad kõige arenenumatele passiivmaja standarditele ning on varustatud päikesepatareide, kollektorite ja nutikodu funktsioonidega. Antud projekti raames ehitatakse 9 ridaelamukorterit. Kõik korterid on projekti avaldamise ajaks eelmüügilepingute alusel müüdud.Antud projektiga soovib Sponsor kaasata raha üheksast ridaelamust koosneva arendusprojekti ehituskulude finantseerimiseks. Arenduse maht kokku on 1,225 m2, millele lisanduvad ka osalise katusega terrassid, suletud parklad ja kuurid kogupinnaga 679 m2. Antud rahastamisvooru eesmärgiks on kaasata EUR 90,000. Laen on tagatud esimese järjekoha hüpoteegiga arendatavale kinnistule. Crowdestate investoritel on võimalus ehitusperioodi jooksul anda laenu kogusummas 1,4 miljonit eurot. Projekti eeldatav kogukulu on 2,3 miljonit eurot ja eeldatav tulu on kokku summas 2,6 miljonit eurot. Laenuintress on 13% aasta baasil ning laenu põhiosa ja -intress tasutakse ühekordse maksena kas 7-kuulise laenuperioodi lõpus või peale korteriomandite müüki. Arendusprojekti väärtus projekti avaldamise hetkel on ca. 1,5 miljonit eurot, kusjuures 252,000 eurot on maa väärtuseks ning seni tehtud ehituskulude väärtuseks on ca. 1,25 miljonit eurot. Vastavalt sellele on laenu LTV 69%. Projekti ehitusjärguks on 70%.

This real estate investment project is a development project of a beautiful 9 rowhouse apartments in one of the most active real estate micro-markets in Latvia, which is Mārupe. All 9 units are already presold. The Sponsor has designed almost zero energy homes that classify as energy class A++. Units are designed according to the most advanced passive house standards and will be equipped with solar batteries, collectors, and smart home functions.With this project, the Sponsor aims to raise funds for the development of 9 row house units with a gross building area of 1,225 m2 plus partially roofed terraces and closed car parking places plus sheds with a total area of 679 m2.The goal of this tranche is 90,000 Euros. The loan will earn 13% p.a. and will be secured by a 1st rank mortgage on the development land plot. Crowdestate investors will have the possibility to fund a total loan amount of 1.4 million Euros in several tranches. The estimated total costs of the project are 2.3 million Euros and the projected base scenario revenues of the project are 2.6 million Euros.The principal and interest payment will be done as a bullet payment at the end of the 7-month loan or earlier following the sales of the newly built row house units. The total value of the project is currently ca. EUR 1,5 million: land value EUR 252 000 EUR to which we add the value of completed construction works in amount of ca. EUR 1,25 million. Thus the LTV for the loan is 69%. At the end of November 2022, the completion rate of the development was 70%.

Finanzierungsziel:	€ 150700
Erwartete Rendite:	14 % pro Jahr
Anlagedauer:	6 monate
Risikokategorie:	B Modell zur Risikobewertung
LTV:	Geringes Risiko %
Capital stack:	Gesichertes Darlehen

Kupenas, Mārupe (XXII)

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