Loan

Loan #1576785 Burgstraße Betzdorf 57518 Germany

Property location
Burgstraße 3 Betzdorf 57518 Germany

Executive Summary

This straightforward property renovation project is based in a central residential part of Betzdorf, Germany, developed by Michael Watling's Betzdorf. Michael is an investor with 13 years of experience in the real estate industry. Michael's business model is to renovate houses and rent them out, then refinance the renovated property locally. If the property cannot be rented out after renovation, which makes refinancing difficult, Michael offers the property via an online auction and sells it for a healthy profit.

 

This solid residential building of 3 units, built cerca 1920, is located in a central residential area, only a few minutes' walk from the town centre. The living space is spread over 3 floors with one flat on the ground  floor of 58,88 m², on the 1st floor of 66,59 m² and on the attic floor of 66,15 m². The property has a cellar, and each flat has its own cellar room as well as two additional communal cellar rooms for bicycles and laundry facilities.

 

Betzdorf is a town with a population of 1000 in the municipality of the northern Rhineland-Palatinate, close to the university town of Siegen which has a population of 120,000. Betzdorf has a  regional train station, public transport connections and good transport links to Siegen. All local amenities such as schools, kindergartens and shopping facilities are available in the immediate vicinity.

 

MCW Immobilien UG, with its young, dynamic and dedicated staff, aims to plan, manage and build the best in real estate. MCW Immobilien UG deals with the acquisition, disposal, leasing and management of property assets. Its main activity is the leasing and renting of owned or leased residential land, residential buildings and apartments.

 

MCW Immobilien UG (haftungsbeschränkt) with its registered office in Oberirsen is entered in the commercial register with the legal form Unternehmergesellschaft (haftungsbeschränkt). The company is registered at the local court 56410 Montabaur under the commercial register number HRB 28501. The company is economically active. The last change in the commercial register was made on 25.05.2022. The company is currently managed by a manager (1 x managing director). There is one shareholder in the company. The company has one location.

Investing FAQ
Loan terms summary
  • Interest per annum 10.00%
  • Fully subscribed 235,000.00 raised
  • Risk class i
  • Expires Closed
  • Target amount €235,000.00
  • Profit share 0.00%
  • Term 6 Months
  • Payment frequency 1 months
  • Loan purpose Buy-to-rent
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 121.7%
  • Loan To Value (LTV) 82.2% i
  • Location
    Germany
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