Community Property

One-family house at Veskimöldre, near Tallinn

by Annabelle
Created Aug 01, 2021 | Tallinn
$0 raised of $150,000 goal 0.00%
  • 0 Investments
  • No deadline
This current investment opportunity is to finance construction costs of one-family house at Maikellukese tn 11, Alliku municipality, Saue parish. Investors will be offered an opportunity to finance the construction of one-family house in total amount of EUR 150,000. Amount of the first round is EUR 80,000. Construction has already started - foundation have been done, the walls and trusses are installed. The construction deadline is the end of year 2021. With each new funding round, the value of the underlying asset will increase until the house is finished.

Loan is secured by a first rank mortgage, fixed interest rate is 9.5% p.a and interest is paid ate the end of period. IRR of the project is 9.61%. Investment period is 12 months.
The house living area is 160,9 square meters. Planned sales price is EUR 456,000 (including VAT).
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