Exited
  • Deadline
    15.05.2020
  • Start of investment period
    25.05.2020
  • Start time
    04.05.2020 07:00
  • Asset class
    Residential
  • Investment type
    Speculative
  • Investment end date
    05.05.2021
  • Remaining term
    Overdue 1-90 days
  • Expected rate of return
    12% p.a.
  • Expected cash yield
    %
  • No of investors
    231
  • Goal
    €65 000

Executive summary

Pietro Micca 63, Legnano, Italy investment opportunity consists in the purchase, renovation, and resale of a large 120 m2 apartment, in a central area “Legnano”, one of the biggest cities of Milan suburbs.

The Sponsor, Onyx Group Real Estate, once the fundraising is completed, is going to purchase the apartment and completely renovate it. The sale is estimated within 8 months.

The Sponsor has an in-depth knowledge of the target market and has already carried out the renovation and resale of several apartments. In addition to that, Sponsor completed a very similar fix&flip investment in the same building at Via Pietro Micca 63 a few months ago, as a further demonstration of market knowledge.

Crowdestate investors have the opportunity to participate in the project with a loan between 50,000 Euros and 65,000 Euros, equal to a maximum of 52% LTV. The remaining funds will be invested by the Sponsor company itself.

The investment duration is estimated in 8 months. The return for investors is 12% on an annual basis, which will be repaid in a single tranche at the end of the project, by December 2020.

As a guarantee, Crowdestate holds a pledge on 50% of the company's shares, as well as a personal guarantee of the company owner for a total of 65,000 Euros.

Here a video of the expected finalized apartment:


Crowdestate

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