Via A. Meucci 25, Milano
Bridge loan
- Deadline28.12.2018
- Start of investment period07.01.2019
- Start time29.11.2018 12:00
- Asset classResidential
- Investment typeDevelopment
- Investment end date06.12.2019
- Remaining termOverdue 90+ days
- Expected rate of return11.29% p.a.
- Expected cash yield%
- No of investors314
- Goal€195 000
Executive summary
WeProperty is a new property management project located in Milan that will generate a long-term income through the development, in several tranches, of up to 100 units to rent to students and young professionals.
The goal of this first tranche is to acquire and develop the first 5 residential units.
Acquisition and development phases are sustained through a crowdfunding bridge loan which is going to be refinanced by a bank loan within 2 years. Crowdfunding investors will get an 11% yearly interest paid every 6 months with an investment term of 24 months (possible early exit after 12 months).
Milan high and growing demand for residential rentals from students and young professionals, together with Sponsor in-depth knowledge of the market, make the investment very attractive.
As the main guarantee, Crowdestate owns 75% of the Sponsor’s company shares. As an additional guarantee for investors, Crowdestate has an option to buy the remaining 25% of shares and a personal guarantee of 375.000€ to make sure loans to investors will be correctly paid.