Loan
Loan #1431864 Wiesbaden, 65187, Germany
Property location
Executive Summary
Nederlands
Wiesbaden is een stad in centraal West-Duitsland en de hoofdstad van de deelstaat Hessen. In het stedelijk gebied van Wiesbaden wonen ongeveer 560.000 mensen. Wiesbaden is na Frankfurt am Main de grootste stad van Hessen.
EH-Consult GmbH is een familiebedrijf uit het Rijn-Maingebied met jarenlange ervaring in de bouwsector. De EH-Consult GmbH is niet alleen actief in de regio, maar heeft ook meerdere bovenregionale projecten succesvol afgerond.
Het project wordt gerealiseerd in een woongebied. Er komt een luxe EFH met een woonoppervlak van 313 m². Het pand is reeds verkocht aan een particuliere klant voor € 2.580.000.
De € 160.000 is nodig om het gat tot de volgende betalingsfase te overbruggen. De voltooiing van het project is gepland op 31.07.2023. De financiering kan al binnen 3 maanden worden terugbetaald. De lener heeft een ondertekend koopcontract verstrekt. Er waren niet veel foto's beschikbaar voor dit project. De ontwikkelaar heeft echter wel een gedetailleerd plan voor de volledige schaal van het project verstrekt.
LET OP: VOOR DIT PROJECT WERD GEEN HYPOTHECAIRE ZEKERHEID AANGEBODEN.
English
Wiesbaden is a city in central Western Germany and the capital of the state of Hesse. The Wiesbaden urban area is home to approximately 560,000 people. Wiesbaden is the second-largest city in Hesse after Frankfurt am Main.
EH-Consult GmbH is a family-owned company from the Rhine-Main region with many years of experience in the construction industry. The EH-Consult GmbH is not only active in the region but has also successfully completed multiple supraregional projects.
The project will be constructed in the residential sector. A luxurious EFH with a living space of 313 sqm is to be built. The property has already been sold to a private end customer for €2,580,000.
The €160,000 is needed to bridge the gap until the next payment phase.
The project is scheduled to complete by 31.07.2023. The financing can already be repaid within 3 months. The borrower has provided a signed purchase contract.
There were not yet many pictures available for this project as of yet. However, the developer has provided a detailed plan for the full scale of the project.
PLEASE NOTE NO MORTGAGE SECURITIES WERE PROVIDED FOR THIS PROJECT.
Payment terms
Additional terms
Additional securities
Investors can invest in real estate backed loans from €100 or a multiple of this.
Because of the regulations in the Netherlands:
- A maximum of €80,000 applies per individual investor in total investments made on Max Crowdfund.
- If you have a joined account this is doubled to €160,000.
- When investing a minimum of €100,000 per loan it will not be added to the total investments made on Max Crowdfund.
- Company accounts as have no limits.
Please note, that Max Crowdfund can optionally set a maximum for a single investment regardless of the above.
You will be notified in case your investment(s) exceed(s) any limit.
On the Max Crowdfund platform you have your personal Max Crowdfund Current Account. You can top your Max Crowdfund Current Account up via various payment providers such as iDeal or by bank transfer. Provided your balance is sufficient, you can start investing in loan applications immediately. The maximum deposit amount allowed differs per payment provider, but is usually a maximum of € 50,000. If you supplement your balance via a bank transfer, please use the reference provided in the description with your payment. Please note processing your bank transfer may take more than a day, which may mean you miss out on the investment opportunity.
No. Investors must be over 18 and must have an approved account, meaning their Know Your Client (KYC) documentation needs to be submitted and approved and have a bank account linked to their account. Country-specific restrictions exist and certain nationalities may be prevented from participation in some investment products. This is to prevent money laundering, tax evasion and other illegal activities, in line with our commitment to regulatory compliance and transparency.
At the moment we only accept EURO for investing in real estate backed loans. We are aiming to accept all currencies, including crypto currencies, like we do for the Max Property Group Share Certificates, but this depends on the regulators.
By Dutch law you are allowed a 24 hour cooling-off period, which means you can either change or cancel your investment during this time without any fees charged. After the cooling-off period you cannot change or cancel your investment. You are still allowed to make a second investment. Multiple investments will be combined in one when a loan is finalised.
Yes, but you will need to have a joined bank account with your partner. If you have a joined bank account, you can request to register a joined account on Max Crowdfund. Once approved, the regulatory limit for investing will be doubled to €160,000.
You can only register a new bank account by making a bank transfer of any amount from that bank account. We only accept bank accounts that are held by you and are in your name.
If you only have one bank account registered, this will automatically be your preferred account. In case you have multiple accounts registered, you can select only one of those to be the preferred account. Funds in your Max Crowdfund Current Account that are not used for a period of more than 60 days will automatically be transferred to your preferred bank account.
When the fundraiser fails to meet their obligations to make periodic payments as defined in the loan agreement, Max Crowdfund will follow up. Periodic updates will be shared to inform investors about the status of the loan. To recover from default, measures like a change of terms can be proposed, but this requires the approval from a majority of all involved investors via online voting. In the worst case scenario the Max Crowdfund Security Agent will execute on the collateral for the loan and distribute the proceeds to the investors.
Loan terms summary
- Interest per annum 20.00%
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Fully subscribed 160,000.00 raised
- Risk class i
- Expires Closed
- Target amount €160,000.00
- Profit share 0.00%
- Term 3 Months
- Payment frequency 1 months
- Loan purpose Development
- Type Bullet i
- Total Loan Cover (TLC) 156.3%
- Loan To Value (LTV) 64.0% i
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Location
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