Loan

Loan #1049377 Köln, 50735, Germany

Property location
Schlenderhaner Straße 23 Köln 50735 Germany

Executive Summary

We would like to introduce you to a new project from the DOM Project Group in Köln. Köln is the fourth-largest German city in the middle of the Ruhr area, with its metropolitan area and 14 million inhabitants. The city is considered a city of knowledge and a large university city.

There is a small vacant supermarket on the property that must be demolished. After the demolition, a multifamily house with nine residential units, including seven parking spaces, will be built and sold. The building permit has been in place since April 2022. Three of the flats have already been reserved. The purpose of this fundraising project is focused on the purchase of the property. Division and preparation for construction will begin on 09.12.2022. The plan is to start building on 01.02.2023 and complete the shell. On 07.08.2023, the exit will be, selling the individual flats and repaying the loan. The new construction, until completion, is notarially agreed upon with all buyers. DOM Project Group has provided evidence of its own Equity (Approximately € 350,000).

Investing FAQ
Loan terms summary
  • Interest per annum 15.00%
  • Fully subscribed 1,340,000.00 raised
  • Risk class i
  • Expires Closed
  • Target amount €1,340,000.00
  • Profit share 0.00%
  • Term 12 Months
  • Payment frequency 1 months
  • Loan purpose Buy to sell
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 125.0%
  • Loan To Value (LTV) 80.0% i
  • Location
    Germany
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