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Risk Evaluation iFunded: B
On iFunded’s webpage, every project is evaluated based on 9 defined criteria and placed into one of 5 risk categories (A-E). SCHILLERPROMENADE BERLIN is placed in risk category B and therefore at relatively low-risk.
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Developer
The issuer of SCHILLERPROMENADE BERLIN project is Schillerpromenade 6, Herrfurthplatz 4 Grundbesitz GmbH. Managing Director and sole shareholder of Schillerpromenade 6, Herrfurthplatz 4 Grundbesitz GmbH is Mr. Ioannis Moraitis, who has been building a portfolio of residential real estate in Berlin since 2011.
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This is how Investors money in used
The subordinated loan is intended to finance the purchase of the property in the amount of approximately 6,500,000 Euros. In the second step, a further subordinate loan will be taken for the renovation of the building. A total cost of 10,524,000 Euro was calculated for the project.
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Thorough information concerning this project can be found in the Investment-Exposé
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SCHILLERPROMENADE BERLIN
Residential and commercial property in Neukölln

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- Investment type Loan
- Interest payments Semi-annually
- Funding threshold € 1.000.000
- Funding target € 1.100.000
- Funding limit € 1.100.000
The acquisition of this financial instrument involves considerable risks and can lead to the complete loss of the capital employed.
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