Via Meravigli 16, Milano, Italy
3 apartments in Milano City Centre
- Start of investment period24.01.2019
- Start time08.01.2019 13:00
- Asset classResidential
- Investment typeSpeculative
- Investment end date15.09.2019
- Remaining term2 months
- Expected rate of return12.31%
- Expected cash yield%
- No of investors666
- Goal€300 000
|16/05/2019||Early exit from the project|
|17/04/2019||Investment opportunity overview, April 2019|
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.