Loan #277918 Fuutstraat - Rotterdam
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.
Investors can invest in real estate backed loans from €100 or a multiple of this. NOTE that there is a 0.1% fee to make an investment. As such you need to ensure you add this 0.1% when making a transfer to ensure you can invest the amount you would like to invest, i.e. if you would like to invest €10,000, you need to transfer €10,010 to your account on Max Crowdfund.
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.
- Company accounts as well as Qualified Investors 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 or by bank transfer. Provided your balance is sufficient, you can start investing in loan applications immediately. If you wish to make an investment, but you do not have sufficient money on your current account, you can invest up to a maximum of €50,000. The amount that is missing between the desired investment amount and your balance, can be added by using the payment providers. 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 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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