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Bari Mare

FLEX CONTRACT  - 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.

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.


THE OPPORTUNITY

Type of opportunity: Loan

Modality: Development LoanFlex Contract 2

Profitability: 9.5%3 in 12 months


We introduce you to Bari Mare, a new Development Loan1 opportunity with Flex Contract2, which consists of granting a loan to a project developer for the construction and subsequent sale of two apartments in Bari, Italy.


REASONS TO INVEST IN BARI MARE

- The project developer is the owner of the building;

- The building license was already granted;

- Strategic location;

- The scoring of this opportunity is BBB. For more information click here.


LOCATION

The project is located in Bari, the capital of Apulia, a seaside city that overlooks the Adriatic sea.

Highlights of the location:

- Apulia presents an amazing architecture, with three UNESCO World Heritage sites;

- It is a mercantile city, with a unique charm, where the old and modern elements are mixed together in harmony; 

- Bari is an historically rich city: Basílica de San Nicolás, La Fortaleza, Margarita Theater, Faro de San Cataldo, Museum of Contemporary Art.



THE PROJECT

The opportunity foresees the construction and subsequent sale of two apartments integrated in a residential building, in Bari. The apartments, each with a total area of 50 m2, are located on the 4th floor of the building, and will present the following distribution:

- Living room;

- One bedroom with a king-size bed;

- Bathroom;

- Kitchen.

The building was built and is currently finished. The residential units are independent and very close to the promenade of San Girolamo, which is currently under a major remodelation. The construction requires several interventions, in all the systems, windows, floor, the facades of the building and the structure.


THE PROJECT DEVELOPER

The project developer Lorenzo Loseto is a company with more several years of experience in the real estate sector. The project developer society already successfully financed a project with Housers, also in Bari (El Faro project).

Additionally, ARGOS will monitor these types of projects, in order to guarantee a permanent control regarding the allocation of the capital provided by the investors.


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*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.

Risk information: Housers is neither a credit institution nor an investment services firm. Investment in projects published by HOUSERS is not covered by any investment fund. This project has not been supervised by the CNMV nor by the Bank of Spain or any other regulator, Spanish or foreign. The information provided by the developer has not been checked by the CNMV nor does it constitute a prospectus approved by the CNMV. Housers does not provide financial advice that nothing on this website should be construed as such. The investment in this project involves the following risks: risk of total or partial loss of invested capital, the risk of not obtaining the expected monetary return and the risk of illiquidity for recover the investment. The project developer accumulates 0 projects in the platform, eventhrough a sucessfully project was already financed, in which the project developer was the only administrator from the society Vista Mare S.R.L.. This is a loan of 150,000€. The project developer is responsible for the information it has provided to the participatory finance platform for the project on the website. The project developer does not present any additional guarantee. Given the limited own resources of the project developer, Housers’ comission is financed within the project. Accordingly, it will be the investors supporting Housers’ comission. The maximum term to invest in this opportunity may be extended by an additional 25% to the initial term, in accordance with the Law for the Promotion of Business Financing. Likewise, HOUSERS may consider the financing of this opportunity/project closed when it has been 90% financed. This options provided to Housers by the legislation will be used when the typology and the characteristics of the project suggest it, so that the financing can be lower than the required and the deadline is not affected.

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 9.75% 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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Location


Floorplan


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.
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Bari | 2 apartments
IT
Phase:
Finished
Funded capital:
150,000 €
Financing goal:
150,000 €
Investors:
253
Term:
12 months
Type:
Development loan (Flex)
Estimated IRR:
9.50 %
Final IRR:
9.52 %
Visible only to investors in the opportunity.