Crowdestate investors have financed the construction of a new Helme retirement home in amount of 800,000 euros. The construction has been completed and the building is awaiting a permit of use, which is expected to be issued in the first half of June. After the permit is issued, first residents will move in. With the current campaign the Sponsor offers an opportunity to finance the cost of additional works in the amount of 85,000 euros. In addition to what was originally planned, the Sponsor has decided to complete the asphalting of sidewalks and squares around the building and to carry out works due to the changed standards for retirement homes (eg. security and safety systems). The attached photos are as at May 25, 2021.Investors will grant a loan to JIB Consult OÜ (owner of Kooli St. 1 property where new retirement home is located). The loan is secured by a 2nd mortgage on Kooli St. 1 property, a guarantee from AS Helme Pansionaat (the operator of 75-bed retirement home) and a personal surety of the Sponsor's key person Sven Allas. The 1st mortgage on Kooli St. 1 property secures Crowdestate investors' loans of previous five funding rounds in the total amount of 800,000 euros.  Investment period is 6 months i.e. the same term as for loans granted in the previous five rounds. The Sponsor has an option to extend the period twice by six months. Loan interest rate is 11.5% on an annual basis (interest 13% after the first extension and 14% after the second). First interest payment is due in December 2021. The Sponsor has been providing retirement home services since 2014. To meet increased demand, the Sponsor bought a neighboring building and rebuilt it into a retirement home, which is planned to be filled with 100 beds during 2021. The maximum number of beds in the building is 160. The construction cost of the project without additional works was 1.16 million euros, of which 150,000 euros was covered by the PRIA fund (non-refundable grant from Agricultural Registers and Information Board), 210,000 euros is the Sponsor's own contribution and 800,000 euros from Crowdestate investors. More information about last funding campaign can be found <a href="https://crowdestate.eu/opportunity/helmehooldekodu-v" target="" style="background-color: transparent;color: rgb(73, 131, 195);">here</a>.Helme retirement home is located in Helme borough, Valga County, approx. 2 km from city of Tõrva. It is a beautiful place next to Helme primeval valley and manor park.After the permit of use, 60 people will first move in. Of these, 35 people come over after the closure of the retirement department of Tõrva Hospital and 25 people who are in  queue for retirement services. Crowdestate investors' loan will be repaid by refinancing with a long-term bank loan. The Sponsor's current 75-bed retirement home has been financed by Swedbank, which has also expressed its willingness to refinance the construction loan after obtaining of the permit of use and when retirement home is operational.&#65279;

Mortgage secured construction loan with interest rate 11.5% p.a., investment period 6 months

Investment opportunity | Helme Retirement Home

Crowdestate investors have financed the construction of a new Helme retirement home in amount of 800,000 euros. The construction has been completed and the building is awaiting a permit of use, which is expected to be issued in the first half of June. After the permit is issued, first residents will move in. With the current campaign the Sponsor offers an opportunity to finance the cost of additional works in the amount of 85,000 euros. In addition to what was originally planned, the Sponsor has decided to complete the asphalting of sidewalks and squares around the building and to carry out works due to the changed standards for retirement homes (eg. security and safety systems). The attached photos are as at May 25, 2021.Investors will grant a loan to JIB Consult OÜ (owner of Kooli St. 1 property where new retirement home is located). The loan is secured by a 2nd mortgage on Kooli St. 1 property, a guarantee from AS Helme Pansionaat (the operator of 75-bed retirement home) and a personal surety of the Sponsor's key person Sven Allas. The 1st mortgage on Kooli St. 1 property secures Crowdestate investors' loans of previous five funding rounds in the total amount of 800,000 euros.  Investment period is 6 months i.e. the same term as for loans granted in the previous five rounds. The Sponsor has an option to extend the period twice by six months. Loan interest rate is 11.5% on an annual basis (interest 13% after the first extension and 14% after the second). First interest payment is due in December 2021. The Sponsor has been providing retirement home services since 2014. To meet increased demand, the Sponsor bought a neighboring building and rebuilt it into a retirement home, which is planned to be filled with 100 beds during 2021. The maximum number of beds in the building is 160. The construction cost of the project without additional works was 1.16 million euros, of which 150,000 euros was covered by the PRIA fund (non-refundable grant from Agricultural Registers and Information Board), 210,000 euros is the Sponsor's own contribution and 800,000 euros from Crowdestate investors. More information about last funding campaign can be found <a href="https://crowdestate.eu/opportunity/helmehooldekodu-v" target="">here</a>.Helme retirement home is located in Helme borough, Valga County, approx. 2 km from city of Tõrva. It is a beautiful place next to Helme primeval valley and manor park.After the permit of use, 60 people will first move in. Of these, 35 people come over after the closure of the retirement department of Tõrva Hospital and 25 people who are in  queue for retirement services. Crowdestate investors' loan will be repaid by refinancing with a long-term bank loan. The Sponsor's current 75-bed retirement home has been financed by Swedbank, which has also expressed its willingness to refinance the construction loan after obtaining of the permit of use and when retirement home is operational.&#65279;

Crowdestate investorid on finantseerinud Helme Hooldekodu uue hoone ehitust kokku summas 800 000 eurot. Hooldekodu ehitustööd on lõppenud ja hoone ootab kasutusloa saamist, mis toimub eeldatavasti juuni esimeses pooles. Peale kasutusloa väljastamist kolivad uude majja esimesed elanikud. Sponsor soovib rahastada lisatööde maksumust summas 85 000 eurot. Algselt planeeritule lisaks on Sponsor otsustanud samaaegselt hoone renoveerimisega viia lõpule ka hoone ümbruse kõnniteede ja platside asfalteerimise ning teha hooldekodu muutunud normidega seotud töid (nt. valve- ja turvasüsteemid). Lisatud fotod on 25.05.21 seisuga.Investorid väljastavad laenu JIB Consult OÜ-le, kes on Kooli tn 1 hooldekodu kinnistu ja hoonestusõiguse omanik. Laen on tagatud 2. järjekoha hüpoteegiga Kooli tn 1 hoonestusõigusele ja kinnistule, kus asub äsjarenoveeritud hooldekodu. 1.järjekoha hüpoteek tagab Crowdestate investorite varasema viie rahastamisvooru kohustusi summas kokku 800 000 eurot. Lisatagatiseks on Helme Pansionaat AS garantii ja Sponsori võtmeisiku Sven Allas'e isikliku käendusega. Laenuperiood on 6 kuud ehk sama tähtaeg, mis investorite eelnevas viies voorus antud laenudel. Laenusaajal on tähtaja pikendamisvõimalus kahel korral kuue kuu võrra. Laenuintress on 11,5% aasta baasil (13% peale esimest pikendamist ja 14% peale teist pikendamist). Esimene intressimakse toimub 10.12.2021. Sponsor on osutanud hooldekodu teenust alates 2014.aastast. Kasvanud nõudluse rahuldamiseks ostis Sponsor naaberkinnistu endise kutseõppekeskuse hoonega ja ehitas selle ümber hooldekoduks, mis plaanitakse 2021.a jooksul täita 100 voodikohaga. Hoone maksimaalne voodikohtade arv on 160. Projekti ehituse maksumus ilma lisatöödeta oli kokku 1,16 miljonit eurot, millest 150 000 eurot kattis PRIA, 210 000 eurot on Sponsori omaosalus ja Crowdestate’i investorite finantseering 800 000 eurot. Crowdestate eelmise kampaania kohta saab lugeda <a href="https://crowdestate.eu/et/opportunity/helmehooldekodu-v" target="">siit</a>.   Helme Pansionaat asub Valgamaal Helme alevikus, Helme ürgoru ja mõisapargi kõrval, u. 2 km kaugusel Tõrva linnast. Suuremate Lõuna-Eesti tõmbekeskuste kaugused on järgmised: Tartu 72 km, Valga 32 km, Põlva 87 km, Võru 82 km ja Jõgeva 121 km.Kasutusloa järgselt asuvad hooldekodusse esmalt 60 inimest. Neist 35 Tõrva haigla hooldusosakonna sulgemise järgselt ületulevad inimesed ja 25 inimest, kes on praeguses hooldekodus ootejärjekorras. Crowdestate’i investorite laenu tagasimakse toimub projekti käivitumise järgselt pikaajalise pangalaenuga refinantseerimise teel. Sponsori senist 75-kohalist Helme Pansionaati on finantseerinud Swedbank, kes on ka avaldanud valmisolekut refinantseerida ehituslaen peale kasutus- ja tegevusloa saamist.

Rahastuseesmärk:	€ 85000
Oodatav tootlus:	11.5 % aastas
Investeerimisperiood:	12 kuud
Riskikategooria:	C Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Helme Hooldekodu (VI)

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