Our new project offers an opportunity to finance in the amount of 309,000 euros the purchase of Rannamõisa tee 40 property in Tallinn. Approved planning allows construction of two small apartment buildings on Rannamõisa tee 40 land plot (10 apartments). Investors' loan is secured by a 1st mortgage on the Rannamõisa tee 40 (RMT40) property and a 2nd rank mortgage on a residential building located at Vasara tee 6 in Rae municipality. A joint mortgage is set on aforementioned properties. Total market value of the collateral is 645,000 euros. The amount of the 1st mortgage encumbering Vasara tee 6 property is 72,600 euros. LTV (ratio of the principal amount of the loan to the value of the collateral) of the project is 59.2%.  The loan period is 12 months (with extension possibility of 3 months). Interest rate is 11% per annum, payable in a single installment in 12 months latest. After the plot acquisition the Sponsor plans to obtain a building permit, build the apartment building and sell all apartments. After obtaining a building permit, the loans raised with current campaign will be refinanced and Crowdestate investors will then have the opportunity to finance the construction of an apartment building too. The Sponsor of the project is Uko Paasik who is the manager and owner of the self-named project and construction management company <a href="https://paasik.ee/" target="" style="background-color: transparent;color: rgb(73, 131, 195);">Paasik OÜ</a>. Investors have previously financed Tööstuse 16 and Pärnu mnt 457 projects, where the Sponsor has been the project manager.

Mortgage loan, residential land plot, investment period 12 months, interest rate 11% p.a.

Residential property | Mortgage loan

Our new project offers an opportunity to finance in the amount of 309,000 euros the purchase of Rannamõisa tee 40 property in Tallinn. Approved planning allows construction of two small apartment buildings on Rannamõisa tee 40 land plot (10 apartments). Investors' loan is secured by a 1st mortgage on the Rannamõisa tee 40 (RMT40) property and a 2nd rank mortgage on a residential building located at Vasara tee 6 in Rae municipality. A joint mortgage is set on aforementioned properties. Total market value of the collateral is 645,000 euros. The amount of the 1st mortgage encumbering Vasara tee 6 property is 72,600 euros. LTV (ratio of the principal amount of the loan to the value of the collateral) of the project is 59.2%.  The loan period is 12 months (with extension possibility of 3 months). Interest rate is 11% per annum, payable in a single installment in 12 months latest. After the plot acquisition the Sponsor plans to obtain a building permit, build the apartment building and sell all apartments. After obtaining a building permit, the loans raised with current campaign will be refinanced and Crowdestate investors will then have the opportunity to finance the construction of an apartment building too. The Sponsor of the project is Uko Paasik who is the manager and owner of the self-named project and construction management company <a href="https://paasik.ee/" target="">Paasik OÜ</a>. Investors have previously financed Tööstuse 16 and Pärnu mnt 457 projects, where the Sponsor has been the project manager.

Meie uus projekt pakub võimalust rahastada Tallinnas Rannamõisa tee 40 asuva kinnistu ostu summas 309 000 eurot. Kinnistule saab ehitada kaks väikest kortermaja kokku 10 korteriga. Investorite laen on tagatud 1. järjekoha hüpoteegiga Rannamõisa tee 40 (RMT40) kinnistule ja 2. järjekoha hüpoteegiga Rae vallas, Vasara tee 6 asuvale elamule. Kinnistutele seatakse ühishüpoteek. Tagatise turuväärtus on kokku 645 000 eurot. Vasara tee 6 kinnistut koormava 1. järjekoha hüpoteegi summa on 72 600 eurot. Projekti LTV (laenu põhiosa suhe tagatisvara väärtusesse) on 59,2%. Laenuperiood on 12 kuud (pikendamise võimalusega 3 kuud). Intress on 11% aasta baasil, mis tasutakse ühekordse maksega 12 kuu möödudes rahastamise algusest. Sponsor plaanib hankida peale kinnistu ostu ehitusloa, seejärel kortermaja valmis ehitada ja müüa korterid maha. Peale ehitusloa saamist refinantseeritakse käesoleva kampaaniaga kaasatud laenud ja Crowdestate investoritel on võimalus finantseerida seejärel ka kortermaja ehitust. Projekti Sponsor on Uko Paasik, kes on omanimelise projekti- ja ehitusjuhtimisfirma <a href="https://paasik.ee/" target="">Paasik OÜ</a> juht ja omanik. Investorid on varasemalt rahastanud Tööstuse 16 ja Pärnu mnt 457 projekte, kus Sponsor on olnud projektijuhiks.

Hüpoteeklaen, kortermaja arenduskinnistu tagatisel, intress 11% aastas, 12 kuud

Rahastuseesmärk:	€ 309000
Oodatav tootlus:	11 % aastas
Investeerimisperiood:	10 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Rannamõisa tee 40, Tallinn

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