This project benefits of EARLYIELD: the latest feature that enables you to get an annual* yield of 10% from the first moment in which you make your investment. For more information, check our blog.
This project has Flex Contract, a new type of contract that has a duration of 12 months, that can be expanded up to 6 more months. For more information check out our blog.
Type of opportunity: Loan Modality: Development loan 1 Flex Contract 2
New development loan1 opportunity in Milan! 9%3 yield in 12 months (with possibility of a 6-month extension)2
We present Milan Metropolitan, a new development loan 1 project, which consists of granting a loan to a promoter to finish the renovation of a building and the creation of 10 apartments located in Canegrate (metropolitan area of Milan).
Milan, capital of the Lombardian territory, is after Rome the second largest city in Italy regarding population (1.250.000) that live inside the limits of the municipality.
It is internationally known as one of the capital cities of fashion next to Paris, London and New York. In Milan, new fashions and trends are dictated, in addition to being the scene of the biggest international events associated with fashion. It is the capital of real estate investments in Italy, concentrating in 2018 more than 40% of the volume of transactions made nationwide. It holds an exiting nightlife and a surprising cultural scene.
Why invest in Milan Metropolitan?
Canegrate is a city in the province of Lombardy, rich in art: buildings, churches and palaces tell their centenary history.
The building is located near the historic center of Canegrate; A short distance away is the train station (direction Milan - Varese). It is only 30 minutes by train from the center of Milan. The neighborhood offers all the necessary services: supermarkets, pharmacies, municipal offices, schools and neighborhood stores.
The building consists of 3 floors above ground level, the ground floor consists of offices owned by the municipal administration, hosting the Public Library. The first and second floor, owned by the company PLN S.R.L., currently consists of 18 two-bedroom apartments and 2 three-room apartments (10 units on the first floor and 10 units on the second floor).
The project foresees an external restructuring of the building´s facade, respecting the original design, with the inclusion of architectural elements that will enrich aesthetics and elegance.
In addition, there will be a substantial internal renovation aimed at creating apartments that meet current housing needs and desires of customers. In particular, 5 apartments will be built on the first floor and 5 on the second.
The sizes of apartment vary between 80 m2 and 100 m2 and will have:
These units will be built with materials that ensure maximum comfort of life, also the interior finishes, of absolute quality, will help give the homes a confortable, exclusive and modern look.
The promoter company PLN S.r.l. He has many years of experience in real estate and construction; The training of different professionals and specific skills are completed to ensure the correct evaluation and proper management of all aspects of the sector.
As always, it is important to highlight the existence of a close agreement with the Argos company, as an escrow agent to monitor the capital raised by the Housers community and the distribution of funds according to progress.
Invest in the new opportunity in Milan!
* The annual return is the percentage of profit or loss that would be obtained if the term of the investment were 1 year. It will be applied to all projects in which the EARLYIELD icon will appear.
1) Development Loan: 12-month fixed rate loan to the real estate developer where interest is distributed monthly and the principal is amortized at the end of the project. The interest is not guaranteed, but the developer presents three aditional personal guarantees.
2) Flex Contract: The Promoting Company may activate an extension of a single duration of 6 months to the expiration date of the contract, communicating it to Housers at least one month in advance. This extension will be accompanied by an increase on the interest rate agreed on the return of capital, resulting in this project, an annual interest of 10% during the extension. This information is found in more detail in Article 3.3.1 of the Loan Agreement.
3) It is the total return on investment. It takes into account the total term of 12 months and the annual fixed interest agreed by the promoter. For more details see the Promoter's Report.
In Spain, Housers is a crowdfundig platform registered next to CNMV (Spanish Regulator) with register number 20. Housers is a platform that facilitates access to loans related to real estate transactions promoted by third-party companies, previously analyzed and validated. Housers does not offer financial advice and none of the proposed activities should be considered as such. The analyzes shown in these pages are general information and do not in any way constitute specific advice. The projects illustrated are not subject to the supervision of any national or international financial authority or regulator. The transactions presented are forecasts only and as such, they may be subject to change. Investing through Housers involves risks, including illiquidity, loss of investment, and it should only be done as part of a diversified portfolio. Your capital is at risk.
.
