Loan

Loan #277918 Fuutstraat - Rotterdam

Property location
Fuutstraat 6B Rotterdam 3082 NB Netherlands

Executive Summary

The loan will be used to purchase, renovate and furnish Fuutstraat 6b, a 2 bedroom apartment in Rotterdam which will be converted into a 3-room apartment for renting out to students / young professionals. The first 3 images shown are what the property looks like now and the last 3 are how it will look after renovations have been completed.

The property is located in the up and coming area of Rotterdam-Zuid. In 2022, a new student campus from the Erasmus University, the Hogeschool Rotterdam and Codarts, will be opened around the corner. This should increase the property value and reduce the possibility of rental vacancies.

Once the renovation is completed and the new studios are rented out, the property will be re-financed and the loan will be repaid in full. The term for this is 6 months. The interest will be 8%, paid monthly.

A first ranking mortgage will be established on behalf of investors to secure the loan and an additional business guarantee on the loan of €50,000 each will be put up by the personal holdings behind Cube Investments.

Loan terms
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Payment terms
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Additional terms
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Collateral
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Mortgage
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Additional securities
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Investing FAQ
Loan terms summary
  • Interest per annum 8.00%
  • Fully repaid 174,000.00 raised
  • Risk class i
  • Expires Closed
  • Target amount €174,000.00
  • 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) 157.5%
  • Loan To Value (LTV) 62.1% i
  • Location
    Netherlands
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Documents
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