GREVEN-MÜNSTERLAND

 Development loan
Greven,
Germany
5.5%
Annual yield
Term: 18 months
Mortgage rank:
Second
Interest payment schedule:
Biannually

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Descripton

EvoEstate description:

We are not investing in to this project, because the property is located in Greven, which is a very small city, also the profitability of the rent is generally low- 4%, while for 1st and 2nd rank mortgage holders- 5.5%. However, the borrower is a subsidy of a large company- 2 Bilions EUR under asset management and another important factor is that 32 out of 32 apartments are rented out- 0 vacancy rate.

Also, the loan structure in German is "Abtretung der Mietzins und Kaufpreisansprüche" which is the assignment of rent and purchase price claims to cover the value of the loan. It's a contract between the investors and the borrower, but not listed in the land registry. Which means that it still works like a second rank mortagage, because in case of insolvency the lenders have a claim against the rental income and any sale price, but it is in second rank behind the bank.

iFunded description:

INVESTMENT OVERVIEW

  • 5.5% interest rate p.a.
  • Experienced issuer with a strong track record
  • Minimum term of 18 Monaten
  • Interest paid every six months
  • Fully rented apartment complex
  • No fees for investors

GREVEN

The city of Greven has attracted a number of large businesses, including the Deutsche Post, HSE24 and Aldi-Nord. Münster, a city with over 300,000 inhabitants and the cultural centre of the Westphalia region, is just 20 km away.

The apartment building in the Stauffenbergstraße 8-14 is in a quiet part of the city with good connectivity. The centre of Greven can be reached in just six minutes by bike. Extensive shopping facilities can be found there, including Rossmann, Rewe, Aldi oder Lidl. 

According to the real estate portal Immobilienscout24, the rent prices have increased by 33% since 2007 and now stand at €6.55 per m². 

PROPERTY

ProjectAn apartment building
UsageResidential
Living space2,620 m²
Occupancy rateFully occupied
LocationStauffenbergstraße 8-14, 48268 Greven
Funding-Goal500,000 €
Minimum duration18 months
RepaymentSale of the property
Interest rate paymentsEvery six months

DEVELOPER

The issuer, d.i.i. 101 Immobilien GmbH, is a subsidiary of d.i.i. Deutsche Invest Immobilien GmbH. The parent company was founded in 2006 and has developed into a renowned asset manager with 160 employees. They have made it their focus to increase the value of property.

Due to a focused investment and development strategy primarily in growing regions like the north of Germany, Rhein-Main, Rhein-Rhur and Rhein-Neckar the generated returns are typically above market level. The d.i.i. currently has 2 billion Euros under management.

Project originated by:

Documentation

5.5%
Annual yield
Term: 18 months
Mortgage rank:
Second
Interest payment schedule:
Biannually
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