All the information about withdrawals, accounts, Secondary Market and other topics can be found in this FAQ blog post. In case you still have questions, you can contact us at info@evoestate.com
Criteria | From a+ to d | Project rating |
---|---|---|
Macro Location Analysis | A+ | B Originator rating A EvoEstate Risk rating is of an informative nature only & can not be considered investment advice. |
Financial Cost | D- | |
Loan To value | A+ | |
Purpose | B+ | |
Experience Developer | B+ | |
Presales | D- | |
Mortgage Guarantee | A+ | |
Project Margin | D+ |
Purpose of the loan Real estate development
Amount of funding 100 000 €
Value of collateral 1 121 000 €
LTV 60 %
Risk C (higher)
Payment of interest Every month
Loan repayment At the end of the loan period
Loan period 17 mo.
Minimum loan period 4 mo.
Collateral
Real estate pledge
Mortgage rank First order mortgage
Funding requires an amount of € 2 280 000, which will be split into 10 - 11 stages. The aim of the developer of the real estate project at Kunderi Str 34 and Laulupeo Str 11 is to reconstruct the buildings. As a result of the renovation, will become 25 apartments with a salable area of 1,387 m2. By raising the ridge of the roof so that an additional third floor will be created at the expense of the attic. In addition, there will be 2 commercial spaces on the basement floor with sizes of 37 m2 and 30.7 m2. There will be 4 parking spaces in the courtyard and 10 storage rooms with a storage area of 4 m2. Some of the ground floor apartments will be built on 2 floors, partly on the basement floor. A gas fireplace will be installed in some of the attic apartments.
Current market value: 1 345 200 €. Future market value: 3 384 000 €.
The LTV ratio of the project will not exceed 60% of the value of the pledged Property.
The Interest on the Loan Amount shall be calculated from and including the date of disbursement of the Loan Amount to the Debtor's Account or to such other account (or accounts) as notified by the Debtor to the Operator in writing prior to the disbursement of the Loan Amount.
Loan period 17 mo.
Minimum loan period 4 mo.
Loan repayment at the end of the loan period
Estimated start date of the loan:*2022-01-22
Estimated loan repayment date:*2023-06-23
If the Debtor repays the Loan earlier than after the specified minimum loan period, it undertakes to pay interest to the Lender for the entire specified minimum period.
* The loan is planned to be repaid by the end of the project term from the expected growing income of the company, increasing profits, sale of assets or refinancing of the loan.
Company title Laulupeo Residents OU
Company code 14594925
Company website https://laulupeoresidents.ee/
Laulupeo Residents OUB is a company founded in October 2018, but will start operations in 2022. The company in 2021. Total assets of the company in 2021 is more than 2 mln. euros, equity 9 314 euros.
Collateral
Real estate pledge
Property type
Residential
Mortgage rank
First order mortgage
Value of collateral
1 121 000 €
LTV
60%
Documentation
Asset Valuation Report
Report preparation date
2021-03-24
Assessor
Kinnisvara
Pledged property:
Value of pledged assets: EUR 1,121,000.
Date | Status | Late | Assignment date |
---|---|---|---|
17.02.2022 | Paid | No | 17 February 2022, 18:08 |
17.03.2022 | Paid | No | 17 March 2022, 19:07 |
17.04.2022 | Paid | No | 15 April 2022, 16:39 |
17.05.2022 | Paid | No | 16 May 2022, 18:15 |
17.06.2022 | Paid | No | 17 June 2022, 18:17 |
17.07.2022 | Paid | No | 14 July 2022, 21:57 |
17.08.2022 | Paid | No | 17 August 2022, 13:25 |
17.09.2022 | Paid | No | 21 September 2022, 13:46 |
17.10.2022 | Yes | - | |
17.11.2022 | Yes | - | |
17.12.2022 | Yes | - | |
17.01.2023 | Yes | - | |
17.02.2023 | Yes | - | |
17.03.2023 | Yes | - | |
17.04.2023 | Yes | - | |
17.05.2023 | Yes | - | |
17.06.2023 | Yes | - |
Posting questions to projects feature is disabled. Project updates about status of projects will be posted for all projects every Wednesday if the Originator of the project shares an update.
If for any of the reasons you can not wait for an update, consider trying to reach out to originator support directly.
Amount €