Cohousing Chiaravalle, Milano

Cohousing Chiaravalle, Milan project consists in the reconstruction and transformation of a 14th-century farmhouse named “Cascina Gerola” into an innovative 50-unit apartment complex including gardens, garages and large common areas that characterize the concept of “Cohousing”. The project is developed over an area of 25 000 m2. As of today, 26 apartments have already been sold (over 50%). 

The Sponsor is partnering with Crowdestate in order to raise a portion of the capital needed to purchase the plot. The total cost of the project is EUR 14 096 343 and the Sponsor contributes with an equity stake equal to 1 110 000 EUR. The rest of the development costs are funded by presales and a bank loan of 5 000 000 EUR.

The return for investors is 12.30% per annum and the completion date is expected to be in November 2020. This investment opportunity is secured by owners personal guarantee and Crowdestate's 25% ownership of Sponsor's company shares. 

Interest payments are made every 6 months, principal at the end of the loan term, and the Sponsor has the opportunity to pay investors back earlier, after 6 months (at least).