Loan #627576 Heifeskamp 2-4, Mülheim an der Ruhr, Germany

Property location
Heifeskamp 2-4 Mülheim an der Ruhr 45475 Germany

Executive Summary

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.

Investing FAQ
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
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