Exited
  • Deadline
    10.01.2020
  • Start of investment period
    15.01.2020
  • Start time
    07.01.2020 08:00
  • Asset class
    Residential
  • Investment type
    Speculative
  • Investment end date
    12.05.2021
  • Remaining term
    Overdue 1-90 days
  • Expected rate of return
    12.15% p.a.
  • Expected cash yield
    %
  • No of investors
    599
  • Goal
    €80 000

Executive summary

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.

Crowdestate

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