Via Mosso 49, Milano, Italy
Development of 3 residential units in a growing area of Milan
- Start of investment period05.02.2020
- Start time20.01.2020 09:00
- Asset classResidential
- Investment typeSpeculative
- Investment end date27.11.2020
- Remaining termOverdue 90+ days
- Expected rate of return11.17% p.a.
- Expected cash yield%
- No of investors474
- Goal€150 000
Via Mosso 49, Milan, Italy investment opportunity consists in the transformation of a 150 sqm commercial property into 3 new apartments. The units are located in the northern area of Milan, precisely in the neighborhood called "NOLO".
The Sponsor of the initiative, REIN srl company, has already acquired the property, started the units division, renovation and change of destination of use from commercial to residential. Currently, the project is completed for more than 70%.
Funds raised through Crowdestate aim to refinance part of the ongoing project, in order to provide the Sponsor with additional liquidity to put in place new real estate initiatives.
The total value of the project is around 350 000 EUR. The fundraising goal is equal to Eur 150.000, about 40% of the necessary funds (LTV = 43%).
The investment duration is estimated at 8 months. Investors return is 11.17% on an annual basis and the repayment date is scheduled for September 2020.
As a guarantee, Crowdestate holds a pledge on Sponsor company’ shares. In addition, the owner of the company provides a personal guarantee of 150 000 EUR.