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CASPAR THEYSS BERLIN

Wohnbestandsimmobilie in Charlottenburg-Wilmersdorf

Total investors Funding target
€ 754.120 € 750.000
Holding period
24
This project has been successfully repaid.
5,0% Interest p.a.
24 Months ca. Term
  • Investment type Loan
  • Interest payments Semi-annually
  • Funding threshold € 100.000
  • Funding target € 750.000
  • Funding limit € 850.000
Note in accordance with section 12 (2) of the German Investment Act (Vermögensanlagengesetz):
The acquisition of this financial instrument involves considerable risks and can lead to the complete loss of the capital employed.

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CASPAR THEYSS BERLIN
  • 5,0% Interest p.a.
  • 24 Months ca. Term
  • Semi-annually Interest payments
  • 11 Months Repayment

INVESTMENT OVERVIEW

Fixed interest rate of 5% per annum (Semi-annual payment)

No fees for the investor - neither agio premium nor ongoing management fees

No additional funding obligation for investors

Berlin real estate market with lots of potential

Project is led by an experienced entrepreneur team

Existing residential real estate with ongoing rental income

An existing property near the famous shopping street Kurfürstendamm

Safer due to assigned income claims *

* For the benefit of the investors subordinated security in the form of security assignment of withdrawal claims of shareholders means that the shareholders may only make limited withdrawals from the assets of the issuer prior to full repayment of the loan amount. An additional pool of assets, which could be used in case of failure of the issuer to provide additional recoverable assets, is not provided by this security assignment.


THE INVESTMENT OFFER

Type of investment Subordinated loan
Borrower BSA Berlin Verwaltungs GmbH & Co. Immobilien 39 KG Uhlandstraße 175, 10719 Berlin
Loan size 750,000 Euro
Inteded use of loan Renovation of the facade, common areas and vacant apartments along with the marketing expenses
Charges to investors None
Minimum investment 250 Euro
Interest rate 5,00% p.a.
Duration 24 months
Repayment At maturity
Interest payments Semi-annually
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THE PROPERTY | CASPAR THEYSS BERLIN

Property Existing residential property at Caspar-Theyß-Straße 26-30, 14193 Berlin
Year of construction 1959
Site area 2.637 m2
Units 41 apartments
Total rental area 2.379 m2
Currency Euro
Occupancy rate Ca. 78%
Annual rental income (actual value) 182.948 Euro
Total investment volume 5.239.322 Euro
Borrowed capital (banks) 2.950.000 Euro
Equity 1.539.322 Euro
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Property

Location

Purchase prices for Berlin apartments with lots of potential

For a world metropolis Berlin has unusually low house prices. For a 120 square meter apartment about 4,900 euros per square meter is currently the norm. In London it is more than 30,000 euros, in Paris more than 16,000 euros and even in Rome it is still more than 7,000 euros per square meter. The huge price differences Berlin has compared to other world metropolises shows the potential the city still has. In recent years the German capital has already made some good progress: Since 2009, the average prices for condominiums have already risen already by 86 percent.

Caspar-Theyß street: Well located

The Caspar-Theyß street is located in the borough of Charlottenburg-Wilmersdorf which is in the district of Grunewald. The availability of public transport is very good. The S-Bahn stations "Halensee" or "Hohenzollerndamm" are only a short walk away and are connected to the Berlin Ringbahn, from which all parts of Berlin are easily accessible. The nearest bus stop is just a stone's throw away - and the bus line joins Kurfürstendamm after a few stops. The city motorway is also reached within a few minutes drive. The Kurfürstendamm is the central shopping street of Berlin, full of shops and shopping opportunities like the well known KaDeWe as well as restaurants and cafes.

Dynamic property prices

No other inner city area is as stable as Charlottenburg-Wilmersdorf. Household purchasing power and rent levels are consistently high and their fluctuations are mostly subdued in comparison to elsewhere. The growth of offered rents is therefore not as high as in other boroughs, but the average asking rent is 10 euros, setting it on 3rd place behind Mitte and Friedrichshain-Kreuzberg. Only in these three boroughs is the average rent in the two digits span. In the post code area 14193, in which the Caspar-Theyß-Straße is located, the average asking price for basic rent is at 11.61 euros per square meter. This puts it at rank 9 of 190 evaluated postcode areas in Berlin. The median sale price for condominiums in Charlottenburg-Wilmersdorf is € 3,393 per square meter. In the mid market segment the price span is of 2,092 Euro to 5,420 euros.

Located in the northern area of Schmargendorf district, the property is only a few hundred meters from Kurfurstendamm and City-West.

Karte

RISKS AND REWARDS

REWARDS

RISKS

  • Fixed interest rate of 5% per annum (Semi-annual payment)
  • No fees for the investor - neither agio premium nor ongoing management fees
  • About 87% of the property rented out
  • No additional funding obligation for investors
  • Berlin real estate market is booming
  • Project is led by an experienced entrepreneur team
  • Existing real estate with ongoing rental income
  • The renovation costs may be higher due to unforeseen circumstances
  • It may be that the demand for apartment sales decreases leading to lower market prices, which would reduce the project profit
  • For the investor, there is a risk of total loss, as stated in the terms of iEstate investments. Moreover, it is conceivable that, for example, an individual borrowing of the respective investment amount or payable tax contributions causes further payment obligations. This can even lead to the insolvency of the investor.
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IFUNDED-RISK ASSESSMENT

B
  • A
  • B
  • C
  • D
  • E

For each project on iFunded the risk is determined using a standardized procedure. There are a total of nine criteria, by means of which the project risk will be assessed. Depending on the severity of the individual risk criteria, risk points will be awarded and added up at the end. Depending on the number of risk points, the real estate project is classified into one of five risk classes. The risk categories go from A to E, with A being low risk and E for higher risk. Here you can download the detailed evaluation scheme as PDF: iFunded Risk Assessment.

The CASPAR THEYSS BERLIN project comes to a total of 11 risk points and is thus classified in the risk category B. This risk assessment is made up as follows:

Risk criteria Specification Risk points
Debt ratio 55 % 2
Equity ratio 34% 1
Macro location Berlin 0
Micro location Caspar-Theyß-Straße 2
Occupancy rate 78% 1
Number of tenants >10 0
Development phase Existing property with little maintenance backlog 0
Issuer experience invested 200 million euros in the Berlin residential real estate market 1
Securities Personal guarantee 2
2nd class debt 2
Profit transfer claims 0
Overall 11
* iFunded does not perform any kind of investment advice and does not constitute any risk evaluation for a individual investor whether the investment suits a investors personal risk profile. The risk evaluation is based on standardised criteria, which are evaluated during the the structuring of the investment. The actual performance of the investment in the future can be adverse. Even with a low risk profile there is a remaining risk of a total loss of the investment for any investor.

Financing Structure

Developer

UNTERNEHMERTEAM

Issuer for the subordinated loan is the BSA Berlin Verwaltungs GmbH & Co. Immobilien 39 KG. Its managing director Einar Skjerven has more than twenty years experience in investment and asset management and is an expert in residential real estate investments in Berlin, where he has already successfully invested 200 million euros.

Documents

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