The purpose of current investment opportunity is to provide bridge loan to finance the construction of 12 apartments (row house) in 3 separate row houses at <a href="https://rivimajad.ee/" target="">Paevälja tee 6, Paevälja tee 8 and Paevälja tee 10</a>, Viimsi, Estonia in the amount of EUR 400,000. The loan is secured by a first rank mortgage on 11 apartments of Paevälja tee 6, Paevälja tee 8 and Paevälja tee 10 properties. The investment earns a fixed interest rate at 10% p.a. and the loan agreement is scheduled for 12 months. The project includes 12 luxurious 2 floor apartments with big terraces on the roof, which will be done in exclusive design using high-quality decorative materials. As of today, 2 apartments has been sold. The construction works at Paevälja tee 6, Paevälja tee 8 and Paevälja tee 10 are ongoing - foundations and walls of the first floors have already been completed; at Paevälja tee 6, the second-floor walls have been completed as well. All communications have already been paid for and installed. Construction works are scheduled to last until summer 2020. According to the professional evaluator, the current construction works readiness stage is around 15-20%. The sales prices for apartments have been set to 295,000 - 315,000 euros per unit (approx.1700 EUR/m2) (one of the most expensive units is sold). The size of apartments ranges from 170,4 to 185,4 m2, each apartment has individual courtyard sized from 267 to 669,4 m2.

Invest in a real estate development in Estonia and earn 11% p.a.

Real estate investment | Paevälja 6, 8, 10

The purpose of current investment opportunity is to provide bridge loan to finance the construction of 12 apartments (row house) in 3 separate row houses at <a href="https://rivimajad.ee" target="">Paevälja tee 6, Paevälja tee 8 and Paevälja tee 10</a>, Viimsi, Estonia in the amount of EUR 400,000. The loan is secured by a first rank mortgage on 11 apartments of Paevälja tee 6, Paevälja tee 8 and Paevälja tee 10 properties. The investment earns a fixed interest rate at 11% p.a. and the loan agreement is scheduled for 12 months.The project includes 12 luxurious 2 floor apartments with big terraces on the roof, which will be done in exclusive design using high-quality decorative materials. As of today, 2 apartments has been sold. The construction works at<a href="https://rivimajad.ee/" target=""> Paevälja tee 6, Paevälja tee 8 and Paevälja tee 10</a> are ongoing - foundations and walls of the first floors have already been completed; at Paevälja tee 6, the second-floor walls have been completed as well. All communications have already been paid for and installed. Construction works are scheduled to last until summer 2020. According to the professional evaluator, the current construction works readiness stage is around 15-20%. The sales prices for apartments have been set to 295,000 - 315,000 euros per unit (approx.1700 EUR/m2) (one of the most expensive units is sold). The size of apartments ranges from 170,4 to 185,4 m2, each apartment has individual courtyard sized from 267 to 669,4 m2. The bridge loan gives the Sponsor the opportunity to finance further construction up to the sale of 4 apartments, which opens the possibility of obtaining a bank loan. By the time the project was published, 2 apartments have been sold. The source of loan repayment is refinancing through a bank loan.

Real estate investment | Paevälja tee 6, 8, 10

Käesolevaks investeerimisvõimaluseks on 12 korteriga ridaelamuarenduse ehituskulude finantseerimine sildlaenu kujul. Projekti objektiks olev arendus koosneb kolmest 4 korteriga ridamajast Viimsis, aadressidel <a href="https://rivimajad.ee/" target="">Paevälja tee 6, Paevälja tee 8 ja Paevälja tee 10</a>.Projekti Sponsor, Paepanga Rivimajad OÜ soovib Crowdestate’i investoritelt kaasata 400,000 eurot, mida kasutatakse sildlaenuna majade kinnise karbi staadiumisse ehitamiseks. Sildlaen annab Sponsorile võimaluse finantseerida edasisist ehitust kuni 4 korteri müügini, mis avab võimaluse pangalaenu saamiseks. Projekti avaldamise ajaks on müüdud 2 korterit. Laenu tagastamise allikaks on refinantseerimine läbi pangalaenu.Projekti avaldamise ajaks on arenduse ehitusjärguks 15%; kõikide majade esimeste korruste konstruktiivsed osad on lõpetatud, samuti on valmis Paevälja tee 6 teise korruse seinad. Kõik liitumised on välja ehitatud ja tasutud. Projekt on suunatud eksklusiivsust hindavale sihtrühmale, panustades arhitektuurile (KAOS Arhitektid), vaadetele Tallinna lahele (katuseterrassid) ja viimistlusmaterjalidele. Korterite suurused jäävad vahemikku 170 - 185 m2 ja on hinnastatud tasemele 1700 EUR/m2.Laenuperioodiks on 12 kuud. Kuivõrd ehitus on alanud ja 2 korterit on müüdud, on fikseeritud intressimääraks 11% aasta baasil. Laen on tagatud 1. järjekoha hüpoteekidega 11-le korteriomandile selles arendusprojektis. Üks korteritest on hüpoteegitud Viimsi vallale.

La nuova opportunità d’investimento che vi proponiamo, ha come obiettivo la costruzione di 12 appartamenti (ville a schiera) in 3 stabilimenti separati in via <a href="https://rivimajad.ee/" target="">Paevalia</a>, nella città di Viimsi in Estonia.La campagna prevede una raccolta fondi di 400.000€. Il prestito è garantito da ipoteca di primo grado. Il ritorno annuo previsto è del 11% e la durata del progetto è di 12 mesi. Il progetto prevede la costruzione di 12 appartamenti di lusso, con un terrazzo all’ultimo piano. Sono arredati con elementi di design esclusivo e di alta qualità. Ad oggi già 2 appartamenti sono stati venduti. I lavori di costruzione sono già iniziati ad oggi già il 15-20% dello sviluppo è stato completato. Il termine è previsto per l’estate del 2020.Il prezzo di vendita degli appartamenti è tra i 259,000 e i 315,000 euro ognuno (approssimativamente 1700 euro/m2). La dimensione degli appartamenti varia dai 170,4 ai 185,4 m2 ed ognuno ha un cortile privato di dimensioni previste tra i 267 e i 669,4 m2.

Данный инвестиционный проект предоставляет возможность в финансировании промежуточного кредита для строительства 12 квартир в 3 отдельных рядных домах по адресам <a href="https://rivimajad.ee/" target="">Паэвялья теэ 6, Паэвялья теэ 8 и Паэвялья теэ 10</a>, Виймси, Эстония, на сумму 400 000 евро. Кредит обеспечен ипотекой первого ранга на 11 квартир в комплексах Паэвялья теэ 6, Паэвялья теэ 8 и Паэвялья теэ 10. Одна квартира отдана в залог муниципалитету. Инвестиции приносят фиксированную процентную ставку 11% годовых, а кредитный договор рассчитан на 12 месяцев. В проект входит развитие 12 роскошных 2-х этажных апартаментов с большими террасами на крыше, которые будут выполнены в эксклюзивном дизайне с использованием высококачественных декоративных материалов. На сегодняшний день уже продано 2 квартиры. На данном этапе строительные работы в полном разгаре - фундаменты и стены первого этажа уже завершены, на Паэвялья тэе 6 завершены и стены второго этажа. Все коммуникации уже оплачены и установлены.Строительство планируется завершить к лету 2020 года. По словам профессионального оценщика, в настоящее время степень готовности проекта составляет около 15-20%. Цены продажи квартир установлены на уровне 295 000-315 000 евро за квартиру (примерно 1700 евро/м2) (одна из самых дорогих квартир продана). Площадь квартир варьируется от 170,4 до 185,4 м2, каждая квартира имеет отдельный внутренний двор площадью от 267 до 669,4 м2.Промежуточный кредит дает спонсору возможность финансировать дальнейшее строительство до продажи 4-х квартир, после чего он сможет получить банковский кредит. К моменту публикации этого проекта уже продано 2 квартиры. Источником погашения кредита является рефинансирование через банковский кредит.

Investment goal:	€ 400000
Interest rate:	11 % p.a
Investment term:	15 months
Risk class:	B Risk assessment model
LTV:	Low risk %
Capital stack:	Secured debt

Paevälja tee 6, 8, 10, Lubja (I)

Exited investment