Loan #553212 Gebroeklaan 52, Roermond
The borrower is Vogelaars Onroerend Goed B.V. (VOG), which was founded in 2002. The shareholders of VOG are G.W.C.N. Vogelaars (90%) and his partner / wife (10%). The loan will be used to purchase a 3,340 m2 plot of land near the centre of Roermond where 13 homes will be developed. The townhall has already confirmed their cooperation.
The homes will be built by a proven concept in accordance with the preference of the municipality of Roermond. The houses have the following benefits:
- Built to last with very low nitrogen emissions
- Lots of variation in facade cladding, interior, type of bathroom and kitchen
- Energy and cost saving
- Compact solid houses with little maintenance
- Highly affordable with prices just below the NHG limit amount, which means you can borrow the money at very low interest rates
VOG is looking to raise € 800,000 which will cover the purchase of the land, start-up costs for the development and financing of interest and management fees for the first 12 months. The required amount for interest and management fees will be deposited in an escrow account.
The term for the loan is a maximum of 18 months with an option of early repayment. The interest payment is 8% on an annual basis and will be paid monthly. The capital repayment will be on or before the final interest payment.
To secure the loan a 1st right of mortgage will be registered on the land and additional collateral securities, which is qualified as material, will be provided for a total of € 1,175,000. The risks are considered limited.
- High interest rate
- Limited risk
- Experienced and successful entrepreneur developing the project
- Experienced specialists from the industry to supervise the entire project
- The houses are completely contemporary
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 subscribed 800,000.00 raised
- Risk class i
- Expires Closed
- Target amount €800,000.00
- Profit share 0.00%
- Term 18 Months
- Payment frequency 1 months
- Loan purpose Development
- Type Bullet i
- Mortgage rank First Rank
- Total Loan Cover (TLC) 125.0%
- Loan To Value (LTV) 72.7% i
- Location Netherlands
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