Funded
  • Deadline
    25.09.2020
  • Start of investment period
    24.09.2020
  • Start time
    21.09.2020 08:00
  • Asset class
    Residential
  • Investment type
    Speculative
  • Investment end date
    15.07.2021
  • Remaining term
    7 months
  • Expected rate of return
    10.1% p.a.
  • Expected cash yield
    %
  • No of investors
    286
  • Goal
    €85 000

Executive summary

Corso Vercelli 11, Novara, Italy investment opportunity consists in the purchase, renovation and sale of a 100 sqm apartment located on the top floor of the building, in a semi-central area of ​​Novara, Italy.

The Sponsor, Onyx Srl company, is going to buy the apartment and completely renovate it. The sale is estimated within 10 months.

The Sponsor company has an in-depth knowledge of the reference market and has already carried out the renovation and resale of several apartments. Sponsor company, during the last 12 months, has successfully completed and sold 4 apartments in the same area.

Crowdestate investors have the opportunity to participate in the project with a loan of up to a maximum of EUR 85 000, equal to a maximum of 55% LTV. Remaining funds will be invested by the Sponsor company itself.

The term of the investment is estimated in 10 months. The return for investors is 10% on an annual basis, which will be repaid in a single tranche at the end of the project, by July 2021.

As a guarantee, Crowdestate holds a lien on 50% of the shares in the company, as well as a personal guarantee from one of the owners of the company for a total of EUR 85 000.

Crowdestate

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