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Kakumäe residential loan

flagSikuti, Tallinn, EstoniaReal-estate backed loansHouse
Project typeReal-estate backed loans
CountryEstonia
Total stages1
Collateral1st level mortgage
Funding target
€150,000
Interest rate13% + 2%
Duration6 months
Claim unit value€1.00
Success fee (on exit)1%
Minimal investment€100.00
91% fundedavailable €12,491

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Object overview

Category - Real estate backed loan
Payment frequency - Monthly interest payments
Collateral - 1st rank mortgage
Country - Estonia
Max LTV - 76%

New short-term residential project from one of the most premium locations of Tallinn, Estonia. 

The area

This residential loan project is located in one of the most beautiful and prestigious sub-districts in Tallinn. Kakumäe area is famous for its beautiful sandy beach surrounded by a 12 hectare coastal park. In 2007, a kilometer long lit “health path” was established here with sport equipment, children’s play areas and park benches along the way. 

Apart from the park, You will find here a newly built “five star” yacht marina, which is the most complete and modern yacht infrastructure in the Baltics. Here You will find all the facilities, starting from all water sports activities, restaurants, apartments, a large shopping center, a zoo, and the Estonian Open Air Museum nearby. The fact that Tallinn city centre is easily accessible from here by public or private transport is one of the greatest advantages of this area.

The property is located in the park territory and only 2 min walk from the sea. 

The property

The total cadastral area of the property is 2,642 m2, consisting of the beautiful woods of the park. The property itself is a stone-based 2-floor building, with the total living area of 214m2. The first floor consists of a utility room, garage, hallway, kitchen, living room with a fireplace, anteroom to the sauna, laundry room, steam room, toilet, utility room. The second floor consists of a stairwell, hall, wardrobe, 5 rooms, bathroom and 2 balconies. It has ceramic tiles, natural parquet floors and wardrobes installed.

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