Loan #685802 Bad Dürkheim, 67098, Germany

Property location
Otto-Schmitt-Groß-Str 18 Bad Dürkheim 67098 Germany

Executive Summary

The plot was developed with three apartment buildings and a total of 25 flats, most of which have been completed. The first flats have already been 100% completed and are currently being marketed. However, due to delays in construction, and in particular the extreme increase in prices for building materials in recent months, additional financing has become necessary for the final completion of the sale of the flats.

Market value appraisal. Bad Dürkheim, located on the German Wine Route, is a picturesque spa town on the eastern edge of the Palatinate Forest with approx. 19,000 inhabitants and. Framed by the vineyards of Germany's second-largest wine-growing region and situated only about 20km west of Ludwigshafen and Mannheim. Bad Dürkheim is not only one of the main towns of the Rhine-Neckar metropolitan region, with a total of 2.4 million inhabitants, but also the annual venue of the largest wine festival in the world. Bad Dürkheim has a total of seven healing springs and numerous spa and rehabilitation facilities. Update 08.06.2022 there are 13 Flat completely sold and another 5 reserved from different buyers.

Investing FAQ
Loan terms summary
  • Interest per annum 12.00%
  • Fully subscribed 655,500.00 raised
  • Risk class i
  • Expires Closed
  • Target amount €655,500.00
  • Profit share 0.00%
  • Term 15 Months
  • Payment frequency 1 months
  • Loan purpose Bridging
  • Type Bullet i
  • Mortgage rank Second Rank
  • Total Loan Cover (TLC) 129.7%
  • Loan To Value (LTV) 77.1% i
  • Location
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