Loan #657476 Winterberg, 59955, Germany

Property location
Hochsauerlandstraße 35 Winterberg 59955 Germany

Executive Summary

RheinGlobal Estate GmbH has a great project in Winterberg, Germany. The property is located at Hochsauerlandstr 35. The developer will build a new building with six nice apartments. The modern apartments are equipped to a high standard and are designed to be rented.

Winterberg is a winter sports resort in North Rhine-Westphalia in western Germany. It is known for its ski slopes and footpaths, and cycle paths in the surrounding mountains. All facilities for short and medium-term needs are within walking distance. In addition, there are schools, kindergartens, and plenty of gastronomy in the village itself.

The building permit has already been applied for. The complete construction documents are attached to this pitch. The developer is experienced and has already planned and completed countless projects.

A bank in Rhein Sieg is giving a loan for the construction of € 1.6 million at the beginning of the year. The developer is creating additional liquidity with this request. The interest is paid with the rental income he has from other properties. In addition, the developer personally guarantees the total amount of the loan.

In Winterberg, most apartments are sold as holiday apartments. However, since Corona, the market has been growing significantly. Also, the apartments are already reserved.

Investing FAQ
Loan terms summary
  • Interest per annum 9.00%
  • 100% invested by 131 investor(s) 0.00 left
  • Expires Closed
  • Target amount €250,000.00
  • Profit share 0.00%
  • Term 12 Months
  • Payment frequency 1 months
  • Loan purpose Buy to sell
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 132.0%
  • Loan To Value (LTV) 75.8% i
  • Location
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