Exited
  • Deadline
    25.01.2019
  • Start of investment period
    24.01.2019
  • Start time
    08.01.2019 13:00
  • Asset class
    Residential
  • Investment type
    Speculative
  • Investment end date
    15.09.2019
  • Remaining term
    2 months
  • Expected rate of return
    12.31%
  • Expected cash yield
    %
  • No of investors
    666
  • Goal
    €300 000

Updates

 16/05/2019Early exit from the project
 17/04/2019Investment opportunity overview, April 2019

Executive summary

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 take over remaining shares in case the loan won’t be paid back as agreed.

Crowdestate

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