Loan #627576 Heifeskamp 2-4, Mülheim an der Ruhr, Germany
We hereby present the project Mülheim an der Ruhr, which is a purchase, renovation and enlargement of 6 existing terraced houses. The 6 houses will be gradually renovated and enlarged / roof extension. The then enlarged real estate / houses are sold individually to owner-occupiers after renovation and upgrading of the building fabric. For this purpose, there is already a waiting list, declaration of intent from potential buyers who want to secure a house.
The historic property is located in a central location, very well integrated into public transport in the district of Dümpten. The district of Dümpten is considered a sought-after and preferred residential area in Mülheim.
Mülheim is a location with around 20,000 inhabitants in the heart of the Ruhr area. The city of Mülheim is known for its wealthy population and its central location in the middle of the western Ruhr area. The neighbouring cities of Essen, Duisburg and Leverkusen are all major cities in a booming Rhine/Ruhr metropolitan region.
Mülheim an der Ruhr is a city where life is good. It is the only city in the Ruhr area where the Ruhr flows through the middle of the city over a length of 15 km. As a result, Mülheim has many green but also attractive urban living spaces. This special location as well as many local recreation opportunities and green areas, good neighborhoods in the residential environment and generally good living conditions characterize Mülheim. The city also has a lot to offer in the cultural, educational and leisure sectors.
***** update from Max Crowdfund admin *****
We have extended the subscription period until Tuesday - 9 November 2021 22:00 CET. At the same time, the minimum investment amount is lowered to 1,000,000 EUR. The fundraiser has presented the proof they will be able to cover the difference as needed to complete the renovations.
Also, the interest has been raised from 8% to 10% per annum. All other terms remain the same. These changes apply for all current and new subscribers to this loan.
Investors can invest in real estate backed loans from €100 or a multiple of this.
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.
- When investing a minimum of €100,000 per loan it will not be added to the total investments made on Max Crowdfund.
- Company accounts as 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 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.
Loan terms summary
- Interest per annum 10.00%
Fully subscribed 1,265,100.00 raised
- Risk class i
- Expires Closed
- Target amount €1,500,000.00
- Profit share 0.00%
- Term 15 Months
- Payment frequency 1 months
- Loan purpose Buy to sell
- Type Bullet i
- Mortgage rank First Rank
- Total Loan Cover (TLC) 144.3%
- Loan To Value (LTV) 68.2% i
- Location Germany
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