306 000 €
Type: Buy to Let
Interest payment schedule: Quarterly
Min. amount of investment - € 0
Announcement from the originator:
Early repayment of Max Property Fund II property bonds.
The remaining properties of Max Property Fund II B.V. have been sold today, which is in line with the overal expansion plans of Max Property Group. Late 2020 it was decided to sell all the international property portfolios and divest all of Max Property Group's property funds to ensure the team can fully concentrate on the development of Max Crowdfund.
The MPF II bonds will be repaid on the 5th of October 2021 and interest calculations will be up to and including the 30th of September 2021.
The expected fund closing date is by the end of this year, however your investment becomes active in 2 weeks after placing your investment, thus the interest begins to be counted from that day.
We are investing our personal capital in this deal, because it's another long term project (over 9 years), which some people can find unattractive, but we perceive this as another opportunity to diversify portfolio through time further, which would lower the risks which could be caused by economic cycles in shorter period of time. If investors would have the need to liquidate this investment, it's always possible to do that in Secondary Market.
This investment yields 6.25% rental income annualy and projects 4.25% annual capital growth. The fund managers will not charge fund's management fees. They will only earn after the exit of the portfolio and the surplus will be shared 50% with the investors.
Currently, the fund uses no leverage and yields 6.25% rental income, however due to the Dutch regulations within 3 years after the funds closing date the fund will try to leverage it (the LTV shall not exceed 60%) and the yield should be increased.
In the case the 6.25% cannot be paid out and for example 4% would be paid out the shortfall would still be owed to the investors. This would have to be made up in the subsequent years and if this would not be possible, it would come out of the 50% profit share Max Property Group received upon exit. As such the investors will be covered.
In case of excess income the surplus would be shared 50/50 with Max Property Group. If there is a substantial surplus of funds, a payment of extra interest could be initiated and the investors would be informed of such an event by the fund administrators and supervisors.
* 2% investment placement fee will be charged on your investment.
Max Property Fund II (MPF II) follows the successful fundraise of Max Property Fund I, which raised €2,395,000 during 2016/17 and invested in residential property in Rotterdam and surrounding cities.
MPF II is raising €2,495,000, which will also be invested in residential property in Rotterdam and surrounding cities.
For further information do not hesitate to contact Max Property Group or come by our offices in Rotterdam.
|05.01.2020||Paid||No||06 January 2020, 10:51|
|05.04.2020||Paid||No||06 April 2020, 12:40|
|05.07.2020||Paid||No||08 July 2020, 18:37|
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|05.01.2021||Paid||No||08 January 2021, 11:52|
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|05.07.2021||Paid||No||08 July 2021, 18:03|
|05.10.2021||Paid||No||11 October 2021, 12:02|