Sala Bolognese, Bologna, Italy (III)
Construction of a 4 two-floor apartments
- Start of investment period07.09.2020
- Start time27.08.2020 12:35
- Asset classResidential
- Investment typeDevelopment
- Investment end date10.03.2021
- Remaining termOverdue 90+ days
- Expected rate of return10.4% p.a.
- Expected cash yield%
- No of investors356
- Goal€150 000
Sala Bolognese, Bologna, Italy investment opportunity involves the construction of a residential complex of 4 two-floor apartments with a private garden located at Sala Bolognese, a few steps away from Bologna city center.
The Sponsor, GeoCostruzioni Srl, has already completed all urban planning practices and has started construction works, which will be completed by the end of 2020.
Total expected revenues are EUR 1 075 000, for an average of EUR 270 000 per apartment.
All four apartments have already been sold, for a total amount of EUR 1 075 000. Part of it has already been collected as presales, through preliminary registered contracts.
The Sponsor aims to raise EUR 450 000 through Crowdestate, in 3 tranches of EUR 150 000 each, to cover part of the construction works. The loan will be repaid as soon as construction is completed and notary deeds carried out. The current campaign represents the third fundraising tranche.
Current sales allow the Sponsor to repay Crowdestate total loan of EUR 450 000 (the sole outstanding loan), making the investment opportunity particularly safe.
The Sponsor has decades of experience in the Bologna area and suburbs, both as a real estate developer and as a construction company.
Crowdestate's investors return is 10.4% on an annual basis. Interest will be paid quarterly and principal at the end. Loan duration is 4 months.
As additional guarantees, Crowdestate holds a pledge on 50% of the company's shares, as well as a personal guarantee from the owner of the Sponsor company for EUR 450 000.