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Green Park Home residential development

flagStrada Nicolae Titulescu 36, Chișinău, MoldovaReal-estate backed loansHouseDefault (Legal Recovery)
Internal Rate of Return14.00%
Total exited price€450,000
Completed stages2

Object overview

  • Category - Real estate backed loan
  • Payment frequency - Monthly interest payments
  • Collateral - 1st rank mortgage
  • Country - Moldova
  • LTV - 60%

Secured with a first-rank mortgage and 60% LTV, an attractive investment opportunity to participate in the seventeen-storey residential building development project in the city of Chisinau, Moldova. As of today 197 apartments out of 200 are already reserved, the progress of the construction is about 88% ready.


The Area

The city of Chisinau is located within the elevated woodland area of Codr. Its land is full of black soil, which is ideal for agricultural development. Just outside of Chișinău is Milestii Mici Village, a winemaking plant which boasts cellars with the largest collection of wine in the world with more than 1.5 million bottles!

Green Park Home residential complex is located in the center of Botanica district. It's a quiet green area, with a well developed infrastructure. It is a highly valued residential area in Chisinau, it offers a quiet and green living environment with parks, many shopping centers and supermarkets, convenient stores, high school "Iulia Hasdeu", kindergarten, hairdressers, pharmacies and polyclinic.


The property

The new 17-storey apartment building is located at Titulescu street 36, Chisinau. The building is divided into 2 blocks, A and B. Block A is fully ready, and it's already fully inhabited by new homeowners. Block B is in the final stage of construction, as of today it is 88% ready and it is expected to be fully ready for commissioning by November 2022.

The high-rise building stands out for its impeccable appearance and stylish design. The stylish decoration of the building is made of the highest quality premium materials. Wide windows open a breathtaking view to the city landscapes. Modern layouts, high ceilings, integrated telecommunications and a smart home system - all this will bring the desired comfort to the lives of the residents. Autonomous heating, sound isolation and energy-saving double-glazed windows allow easy adjustment of the microclimate of the apartment, significantly saving living expenses.

The building is equipped with silent ORONA elevators made in Spain, metal entrance doors and video surveillance of the surrounding area. On the ground floor, there is an underground parking, equipped with a roller shutter system that provides noise isolation, protection from bad weather conditions and burglary. There are also additional outdoor parking spaces. The parking lot is also equipped with a modern video surveillance system and 24/7 security.

In addition, there is a colorful playground in the courtyard. One of its main advantages is the anti-slip coatings installed on the slides, which protect kids from falling. Also, it is worth mentioning that the swing and other installations are made of unbreakable materials.

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