Lutero 6, Milano, Italy
Transformation of a commercial property into 5 new apartments
- Start of investment period05.08.2020
- Start time15.07.2020 07:30
- Asset classResidential
- Investment typeDevelopment
- Investment end date31.05.2021
- Remaining termOverdue 90+ days
- Expected rate of return12.3% p.a.
- Expected cash yield%
- No of investors509
- Goal€150 000
Lutero 6, Milan, Italy investment opportunity consists in the transformation of a commercial property of about 200 sqm into 5 small apartments, located in the North-East area of Milan and very well connected to the city center via the nearby underground. The sponsor company "Chiara per Sempre Srl", managed by the entrepreneur Federico Bordogna, will proceed with the formalization of the purchase of the property and its transformation.
Crowdestate investors have the opportunity to take part in the project by financing up to 50% of the total costs, which will serve to support part of the purchase and the renovation works. The total funding target will be a maximum of EUR 275 000 and for this first tranche it will be EUR 150 000 and the total cost of the investment is approximately EUR 575 000.
The duration of the investment is expected to be 8 months. The return for investors is 12.3% on an annual basis and the completion date is estimated by March 2021.
As a guarantee for investors, Crowdestate holds a pledge on the shares of the Sponsor company as well as a personal guarantee of the company owner for the value of EUR 150 000.