This refurbishment project, undertaken by an experienced developer with 13 completed projects, is offering 12% interest within a loan term of 12 months. The luxury property is in a prime location in Hanau, Burgallee.
The developer intends to refurbish the apartments and sell them as a whole. As an alternative to the redevelopment of the houses, a new lease and refinancing, or even division into flats and individual sales, is always a good alternative. However, it is emphasized that plan B is not necessary, as the property is located in a very nice area and in a good location.
The property was originally built as a single-family home and required renovation. The living area was extended from 690 sqm to 830 sqm and will be refurbished using with high quality materials and cutting edge technologies to turn the property into luxury smart homes.
The developer is now seeking funding to refurbish the apartments and to redeem the mortgage of another property at Zwingerberg, which gives the investors a 1st charge mortgage on this property as security for this project.
The city of Hanau has approx. 100,000 inhabitants, located in the Main-Kinzig district in Hesse, Germany, and is part of the Frankfurt economic region. It boasts connections to the A66 and A3 motorways, as well as numerous shopping facilities in the immediate vicinity. Burgallee is one of the most prestigious and sought-after areas in Hanau, close to the famous Philipsburg Castle.
MY INVEST Immobilien GmbH has been active in the Rhine-Neckar region since 2013, specialising in the refurbishment, optimization and resale of houses in the top, sought-after residential locations.
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.
