In 2017 RL Inventive bought the first residence in Terneuzen, and in 2018 we bought 6 more. Inspired by the model of, and especially the quality delivered by, AirBNB, we wanted to provide a flexible room renting service in the North Sea Port region. All the houses became operational by the end of 2019. RL Inventive does this under the brand name Work Like Home.
Work Like Home offers rooms for young professionals, with all - inclusive, fair pricing. Our pricing includes high speed internet, gas, electricity and city waste management taxes. The common areas in the houses are cleaned twice a month. Prices for a room range from 450/month for a basic room, up untill 700 euro / month for a premium room.
Our clientèle are mainly service desk workers in the chemical industry (eg Dow Chemical), and high specialised maintenance personel, e.g. safety auditors or welders. For our customers renting at Work Like Home is a no brainer, you just arrive, unpack your bags and dig into your room. So they can focus on their foreign job foremost.
The formula has proven to be very successful, in this 3 year time we serviced over 176 individuals, with a 30+ EBITDA. On average a residence runs a 2000+ EURO gross revenue per month.
Originally RL Inventive was (and still is), an IT Management company. The majority of the capital was provided by the founders of RL Inventive as a zero interest loan to the company, accompagnied by some small loans by ING Belgium (non collaterized)
As we have grown fast, and now the operations are well known and the 'lessons are learned', we are looking to restructure the debt in the company. First of all, IT Services will be split of in a new company, and we are searching for a bullet loan that will help repay some of the ING loans, as well as a part of the loan by the founders themselves.
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 such as iDeal or by bank transfer. Provided your balance is sufficient, you can start investing in loan applications immediately. 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.
