Manzoni 39, Monza, Italy (I)

Manzoni 39, Monza, Italy investment opportunity consists in the transformation of a large 160 sqm property into 2 new apartments. The units are located in the historic city center Monza, in an extremely central and pedestrianized historic center of the city.

The Sponsor company is Airhome Invest, which has a confirmed preliminary agreement for the purchase of the property by December 2020. The renovations will begin immediately after the purchase and it is estimated that they can last about 4 months.

The market demand in this area is very high both for the centrality of the location and the small size of the apartments, approximately 80 sqm each.

This first tranche of capital, raised through Crowdestate, has the objective of the financing part of the acquisition phase.

The total value of the project is around 406,000 Euros. The fundraising goal is a minimum of 100,000 euros, with a maximum of 150,000 euros. A second fundraising tranche will be promoted after the purchase of the property, to finance part of the renovation works.

The investment horizon is estimated at 9 months. The interest offered to investors is 11 % on an annual basis and the repayment date is expected by September 2021.

The loan is guaranteed by a personal guarantee for a value of 150,000 euros.