Exited
  • Deadline
    28.12.2018
  • Start of investment period
    07.01.2019
  • Start time
    29.11.2018 12:00
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    06.12.2019
  • Remaining term
    Overdue 90+ days
  • Expected rate of return
    11.29% p.a.
  • Expected cash yield
    %
  • No of investors
    314
  • 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.

Crowdestate

Site is down for maintenance, please check back in 15 minutes