EvoEstate Risk rating is of an informative nature only & can not be considered investment advice.
Loan To value
RheinGlobal Estate GmbH has a great project in Winterberg, Germany. The property is located at Hochsauerlandstr 35. The developer will build a new building with six nice apartments. The modern apartments are equipped to a high standard and are designed to be rented.
Winterberg is a winter sports resort in North Rhine-Westphalia in western Germany. It is known for its ski slopes and footpaths, and cycle paths in the surrounding mountains. All facilities for short and medium-term needs are within walking distance. In addition, there are schools, kindergartens, and plenty of gastronomy in the village itself.
The building permit has already been applied for. The complete construction documents are attached to this pitch. The developer is experienced and has already planned and completed countless projects.
A bank in Rhein Sieg is giving a loan for the construction of € 1.6 million at the beginning of the year. The developer is creating additional liquidity with this request. The interest is paid with the rental income he has from other properties. In addition, the developer personally guarantees the total amount of the loan.
In Winterberg, most apartments are sold as holiday apartments. However, since Corona, the market has been growing significantly. Also, the apartments are already reserved.
Hochsauerlandstraße 35 Winterberg 59955 Germany
Interest per annum
Buy to sell
Loan To Value (LTV)
Total Loan Cover (TLC)
Planning / Start-up
The loan will be paid out to the notary’s bank account to establish the legal charge, after which the loan amount will be made available to the fundraiser.
No additional terms & conditions apply to this loan.
A first rank mortgage of € 250,000 excluding interest and execution costs will be established on behalf of investors to secure the loan while the market value after completing renovations is estimated at approximately € 702,000. In addition, a personal, material guarantee of € 180,000 will be provided to secure the loan. Combined, resulting in a loan to value (LTV) of 75.8% and a Total Loan Coverage (TLC) of 132.0%
RheinGlobal Estate GmbH has a D rating from Creditsafe, indicating a High risk profile. The identified project risks are estimated as limited. The project developer is confirmed to be very experienced in real estate development. This loan has been assigned a score of C on the basis of the risk analysis.
Below mortgage will be established on behalf of investors to secure this loan.
TYPE OF PROPERTY
TYPE OF SECURITY
Delays in the project prevent the loan from being repaid on time.
More than enough slack is planned to absorb any overrun of the building work and/or sale of the property.
Building cost: There is a risk that the project cost could extend beyond the expected budget
Building costs are known/fixed mostly, limited to none additional costs expected. If any occur, developer will be able to cover them.
Project does not obtain planning.
Documentation has confirmed that planning is granted.
Westerwaldstraße 155 53773 Hennef (Sieg) Germany
RheinGlobal Estate GmbH
Message from fundraiser
Rhein Global Group References
Rhein Group offers wealthy private investors interesting investment opportunities in the area of real estate and corporate investments in the form of private placements / club investments.
Rhein Group's investments are characterised by attractive returns and a high degree of investment security –
Rhein Group itself acts as initiator and co-investor of real estate projects and company investments. This is structured through its own project companies.
Rhein Group is also active as a management company in the control and administration of investments and real estate.
The market expertise includes, in addition to the distinctive market knowledge in Northern Germany, also the dynamically developing markets in Eastern Europe up to the Caucasus region.
Rhein Group maintains its own branches there or looks for investment opportunities through cooperation partners.
Rhein Group focuses specifically on investment opportunities in various markets, including companies in transitional situations, in order to develop them further through equity or debt capital solutions and put them on a growth course.
The focus is on small and medium-sized enterprises. We strive for active participation in the company.
Our investment concept is fundamentally geared towards the long term. We pursue an entrepreneurial approach by contributing capital, management resources and know-how.
In doing so, we always focus on both the added value for the company and the added value for our investors, who enter into commitments in order to generate stable returns over the longer term.