active project buy prop inst priva

ELSESTRASSE BERLIN

Total investors Funding target
€ 360.000 € 350.000
Holding period
12
This project has been successfully funded.
6,0% Interest p.a.
12 Months ca. Term
  • Investment type Loan
  • Interest payments Semi-annually
  • Funding threshold € 200.000
  • Funding target € 350.000
  • Funding limit € 360.000
  • Time until repayment 13 Months
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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Investment Overview

Fixed interest rate of 6% p.a.

Term of 12 months

Half-yearly interest payment

No obligation for investors to make additional contributions

New construction project in Berlin-Hermsdorf

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

THE INVESTMENT OFFER

Type of investment Subordinated loan to § 1 para. 2 no. 4 VermAnlG
Issuer Elsestrasse 30 GmbH
Investor target group Private investors
Intended use of loan Construction of multi-family-house
Fees for investors No fees
Minimum investment amount 500 Euro
Interest rate 6% p.a.
Duration 12 months + 6 months extension option
Repayment At maturity
Interest payment Semi-annually as at 30.06. and 31.12. of a year, for the first time as of 30.12.2019
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PORTFOLIO

THE PROPERTY

Property Construction of a multi-family-house in Elsestrasse 30 in 13467 Berlin-Hermsdorf
Year of construction 2019
Land 1.185 m²
Planned apartments 5
Planned Gross rentable area Ca. 580 m²
Planned Total Investment Volume 2.380.000 Euro
Senior Loan (bank) 1.800.000 Euro
Equity Capital 230.000 Euro
Planned Mezzanine 350.000 Euro
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Location

  • The property is located in Hermsdorf in the Berlin district of Reinickendorf. Living here is becoming more and more attractive for many because the closure of Tegel Airport has been decided and aircraft noise is eliminated. The Berlin Senate therefore expects a strong population growth of 9.4% by 2030. Even the relatively low purchase prices will then increase noticeably. This will also have a positive effect on Hermsdorf, where prices are already higher than in many other corners of Reinickendorf.

Intended use of loan

The borrower uses the subordinated loan of up to 350,000 euros to a large extent for refinancing. In addition, it is important to sell the remaining residential units with the corresponding marketing and sales expenses shortly before completion of construction. A smaller part of the capital is earmarked for the preparation of the outdoor facilities.

Thanks to the coming payments from the residential units already sold, it will be possible for the borrower to make an interest payment at the end of December 2019. The subordinated loan (including interest) can ultimately be repaid through the sale of the last two units.

  • Senior Loan
  • Equity
  • Mezzanine Capital

OPPORTUNITIES AND RISKS

REWARDS

RISKS

  • Fixed interest rate of 6% p.a.
  • No fees for the investor: neither premium nor current management fee.
  • No obligation for investors to make additional contributions.
  • It may, for example, happen that the construction work is delayed due to the insolvency of a contractor.
  • There may be a delay in the sale of the remaining two residential units, for example because interest rates rise and it becomes more difficult for customers to obtain financing.
  • There is a risk that the real estate market in Berlin will decline and that the remaining two residential units will not be sold within the planned time frame or at a much lower price.
  • It may be that the buyer of the three housing units does not pay the outstanding invoices, which can lead to the cancellation of the purchase contract. This would at least endanger the interest payment on 31.12.2019.
  • For the investor, there is a risk of a total loss of the iEstate GmbH brokered investment.
  • It is conceivable that the investor may, for example, individually finance the respective investment amount externally (e.g. through bank loans), whereby payment obligations may arise. This can individually up to the insolvency of the investor if the latter is no longer in a position to service its individual payment obligations.
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The Issuer

  • The subordinated loan is taken up by Elsestraße 30 GmbH. The company is 66.67% owned by the Danish developer and investor Hørbygaard Gods A/S and 33.33% by Skjerven Group, a real estate investment company based in Berlin.

  • HØRBYGAARD GODS A/S

    Hørbygaard Gods A/S is a Danish family company active in the real estate business in Denmark and Berlin. The company invests primarily in smaller real estate projects and invests intensively in order to achieve the greatest possible success.

Documents

Risikohinweise.pdf [ Deutsch ]
AGB_iEstate_GmbH.pdf [ Deutsch ]
VIB_Elsestrasse.pdf [ Deutsch ]
Expose Elsestrasse [ Deutsch ]
Nachrangdarlehensvertrag_Elsestrasse .pdf [ Deutsch ]
Widerrufsbelehrung [ Deutsch ]
Verbraucherinformation für den Fernabsatz [ Deutsch ]

Please note that this is merely a non-binding convenience translation. If you have problems of comprehension, please seek external support.

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