Florence House

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 Loan¹ Flex Contract²

New development loan¹ opportunity in Florence! 9%³ yield in 12 months (with possibility of a 6-month extension)²

We present Florence House, a new development loan¹ project, that consists in granting a loan to a promoter to finance the purchase of a terratetto, a typical house in the village of Preretola, in Florence, for a home staging and subsequent sale.

Florence is a city located in the north of the central region of Italy, the capital and most populated city in the region of Tuscany, of which it is its historical, artistic, economic and administrative center.

Peretola is a suburb of Florence, located on the northern extremity of the Florentine commune. It was greatly developed during the Florentine Renaissance of the 15th century, as it sat in a strategic location between two great communication roads, the via Pistoiese and the via Pratese. Before 1900, the area around the village of Peretola had a predominantly agricultural destination and then with the birth of the Amerigo Vespucci airport in 1931 it began to change. 

The adjacent Campi Bisenzio and Sesto Fiorentino part took a productive-directional form with sheds and offices while the area that remained in the middle is filled with new houses that enlarged the existing inhabited center. Nevertheless, Peretola did not distort its characteristic of village. In fact, in the area there are very few intense housing interventions.

Why invest in Florence House?

• The promoter is a solid company with many years of experience;
• The interest is 9%³ for 12 months;
• Strategic position in a residential area;
• The scoring of the opportunity is BB. For more details click here.
  

The area is characterized mostly by ”Terratetto” the name for a local type of house in the Tuscany area, in many cases, the latter, divided into several apartments. Most of the buildings have common courts and rarely balconies. Some have a small garden although it is very rare.

Considering the surrounding buildings and the demand of the buyers in the area, it can easily be said that the house falls in the most popular area of Peretola.

At present, the building is a townhouse of about 180 m² distributed in three floors. The large size and the number of rooms means that the house is highly requested by families who want to live in Peretola. Indeed it is difficult to find such large properties at market prices.

Peretola still has many small shops that create a lot of activity during the day. In addition to these, the presence of the Conad shopping center, two important gymnasiums of Florence, one of which also equipped with a swimming pool, and the department of the Faculty of Agriculture of Florence . The area is also mainly known for the presence of Amerigo Vespucci city airport, while Le Piagge station is a few hundred meters away.

The promoter company is FLORENCE PROJECT S.R.L., formed by a team of professionals with many years of experience in the Florentine real estate market.

As always it is important to underline 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 the state of progress of the work.

Invest in this opportunity in Florence, Italy!

* 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.

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 9,50% 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.

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