Loan

Loan #1184968 Weinheim 69469 Germany

Property location
Großsachsener Straße 1 Weinheim 69469 Germany

Executive Summary

We hereby present the Hirschberg project. The apartment building in Weinheim will be extensively renovated in the next few months. The fundraiser from the Mannheim area has already refurbished and sold various projects or kept them in his portfolio.

The house, with a 293 m2 living space, consists of 6 flats, 4 of which have already been renovated. The required capital will be used to convert the attic and modernise the remaining flats.
Weinheim is located in the Rhine-Neckar district, a prosperous economic hub with easy access to several large cities. According to the market report, the city's current status can be classified as good to very good. High-income families in new homes are abundant in the surrounding area.

A few nice-to-haves in the area are the following:
- The nearest motorway junction is Hirschberg junction (1,8 km).
- The nearest railway station is Bahnhof Heddesheim (2,3 km).
- The nearest airport is Frankfurt Airport (61,5 km).
- The nearest bus stop is Heddesheimer Straße (0,6 km).

The borrowed capital will be repaid by selling the property by the beginning of 2023. There is a great demand and high purchasing power.

Investing FAQ
Loan terms summary
  • Interest per annum 12.00%
  • Fully subscribed 221,500.00 raised
  • Risk class i
  • Expires 15 day(s) left
  • Target amount €225,000.00
  • Profit share 0.00%
  • Term 12 Months
  • Payment frequency 1 months
  • Loan purpose Bridging
  • Type Bullet i
  • Mortgage rank Second Rank
  • Total Loan Cover (TLC) 222.2%
  • Loan To Value (LTV) 45.0% i
  • Location
    Germany
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