Why we are not investing our personal capital in this project:
At this point we do not have any knowledge about North Carolina real estate market, nor any local advisors. When investing in this project, be cautious that the LTV is just 12% it's only on this stage financing. However, Nordstreet informs that the project's total LTV of the project shall not exceed 50%.If the risk factor matches your expectations, this project is a great way to diversify your portfolio with USA market without the need to exchange currency to dollar.
Nordstreet presents first unique Applegate Sotel project and guarantees safe investment:
(I) The ratio of the LTV (loan to value) project will not exceed the LTV ratio in the project description;
(II) If the required financing amount is not collected before the start of the project, all investments will be returned to the investees.
The object of the loan is a successfully financed project during Stage 1 on the Nordstreet platform!
Applegate SOTEL Community is a new-construction "rent-to-buy" pro-active adult neighbourhood specifically designed as a supportive community where services and care can be readily available to people wanting to grow older self-sufficiently, but also stay focused on living well now. Now we are collecting funds for land infrastructure development.
Amount of the loan: 100 000 € (one hundred thousand)
Loan term: 12 months
The annual return on loan investment: 12%.
LTV (loan-to-value): 12%
Object of the loan: land infrastructure development
Loan pledged property: $ 1.660 million worth land. You will find a valuation of the asset in the attachment.
This project, probably, will be funded in several stages, so the final LTV (loan-to-mortgage ratio) will not exceed 50%. The pledge of assets at all stages of financing will be the mortgage of the original project under development.
Interest on the loan is calculated from the end date of the auction and is paid monthly.
The loan is repaid by the end of the project term through the sale of the project, the proceeds of the business or the refinancing of the loan.
Applegate SOTEL Community is a rental type active adult (62+) project, specifically designed as a supportive community where services and care can be readily available to people wanting to grow older self-sufficiently, but also stay focused on living well now.
The community is planned to have 88 units in two 3-story buildings (with possibility to expand project by 36 separate cottage style units). In addition, the two residential buildings will share a clubhouse and each building will have an interior courtyard, designed for community socialisation and interaction purposes. Floorplans are proposed to include modestly sized one and two-bedroom plus den apartments, size from 556 sq.f to 1010 sq.f. Clubhouse will serve as congregation space for the residents and will include a coffee bar, lounge, sport area, and arts and crafts room.
Located on a 16-acre site southwest of downtown Winston-Salem, Applegate will be a multi -generational residential community. Applegate SOTEL Community is near a range of healthcare services, shopping, churches, The UNC School of the Arts, and other destinations and amenities. There are 11,000+ age/income qualified active adult households within a 5-mile radius of the property. Capturing only 0.76% of the qualified mature households would fill this project.
|10.09.2019||Paid||No||04 September 2019, 16:24|
|10.10.2019||Paid||No||02 October 2019, 18:18|
|10.11.2019||Paid||No||07 November 2019, 15:11|
|10.12.2019||Paid||No||06 December 2019, 18:09|
|10.01.2020||Paid||No||07 January 2020, 20:43|
|10.02.2020||Paid||No||05 February 2020, 11:22|
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|10.07.2020||Paid||No||13 July 2020, 12:08|