Giulio Cesare 85, Novara, Italy
Purchase, renovation and resale of a large apartment
- Start of investment period15.01.2020
- Start time07.01.2020 08:00
- Asset classResidential
- Investment typeSpeculative
- Investment end date12.05.2021
- Remaining termOverdue 90+ days
- Expected rate of return12.15% p.a.
- Expected cash yield%
- No of investors599
- Goal€80 000
Giulio Cesare 85, Novara investment opportunity consists in the purchase, renovation and resale of a large 110 m2 apartment, as well as a garage, in a central area of Novara, Italy.
The Sponsor, the company ADM srl, once the fundraising is completed, will purchase the apartment and completely renovate it. The sale is estimated over an 8 month period. To date, there are already interests from potential buyers, who have made multiple visits to the property and could make a purchase offer in the coming weeks.
The Sponsor has a long experience in the real estate market of Novara. Its partners have direct experience both as real estate investors and as real estate agents, thus ensuring a very detailed knowledge of the market.
Crowdestate investors have the opportunity to participate in the project with a loan of 80 000 EUR, equal to 50% of the capital needed to finance the entire project.
The investment exit is estimated at 8 months. The return for investors is 12.15% on an annual basis, which will be repaid in a single tranche at the end of the project, by August 2020.
As a guarantee, Crowdestate holds a pledge on 50% of the company's shares, as well as a personal guarantee of one of the company's owners for a total of 80 000 EUR.