Via Meravigli 16, Milano, Italy

Milano, Via Meravigli 16 is a private, residential development project of 3 luxury small apartments located in the very city center of Milan, 5 minutes walking from Milan Duomo square, via Cordusio and Sforza Castle.

The Sponsor is going to transform a 130 sqm office into 3 premium residential apartments. One of them, the one-bedroom apartment which is the biggest and most expensive one, has been sold already for 380 000 eur.

Sponsor plans to complete renovation and sell the remaining 2 apartments by September 2019. Total selling prospected price is 1 040 000 EUR. Investors’ expected annual return is 12.31%, paid after 8 months.

The loan is secured by 35% of Sponsor’s company shares owned by Crowdestate and an additional option to buy remaining shares in case the loan won’t be paid back as agreed.