Loan

Loan #1484852 Burgallee 138, 63454 Hanau

Property location
Burgallee 138 Hanau 63454 Germany

Executive Summary

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.

Investing FAQ
Loan terms summary
  • Interest per annum 12.00%
  • Fully subscribed 460,000.00 raised
  • Risk class i
  • Expires 9 hour(s) left
  • Target amount €460,000.00
  • 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) 124.8%
  • Loan To Value (LTV) 80.1% i
  • Location
    Germany
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