Ferrara Cool Rooms

 Development loan
Annual yield
Term: 36 months
Interest payment schedule:

EvoEstate description

The developer puts 20% of his own capital to this deal. Additionaly he has allocated money (apart from project revenue) to pay the interest for 3 years. (we can not verify this). Even though there is huge demand in student housing in Ferrara, we skip this Re-lender deal, because not renting one room or renting only 9 months out of 12 makes this business plan cashflow negative and this not justifies this low interest rate offered.


Re-Lender description:

The project consists in the financing of the company DC Real Estate Srl for the purchase of a 110 sq.m apartment in the center of Ferrara with the aim of earning income for leasing to university students.

The purchase price of the property is 15% below the market price according to the valuation of Borsino Immobiliare and OMI (Real Estate Market Observatory) of the Revenue Agency. The purchase offer has already been accepted by the seller with a confirmation deposit.

The apartment is located in Via Nazario Sauro 5 , in the area adjacent to the train station, 10 minutes from the historic center of Ferrara with the Duomo, the Castle, the Palazzo dei Diamanti and the Botanical Gardens 10 minutes from the University of Engineering in addition to to Physics and Earth Sciences, 15 minutes from the University Department of Economics and Management.

The property consists of a large four-room apartment to be partially restored, which will be furnished according to the following provision:

- 4 rooms (double for single use) equipped with bed, bedside table, chest of drawers, desk, wardrobe, bookcase, TV and possible free loan bicycle;

- Bathroom;

- Kitchen;

- Storage room in the attic;

- Car garage to be used as a bicycle shed.

Currently in the city of Ferrara the demand for this type of housing is increasingly growing, especially considering the student target thanks to the significant increase in the number of students enrolled at the University of the Este city (+ 120% of registrations).

In the last two years, in fact, the housing situation is defined as an emergency for off-site students, so much so that it has led to the creation of a task force since 2017 to encourage the creation of student residences and guarantee a fair price to students, also thanks to a policy of consistent discounts in terms of taxation (with the flat tax the tax amount is reduced to 10% and the IMU to 25%).

The promoter company has introduced equity on the transaction equal to 20% of the investment. To guarantee the transaction a real guarantee will be acquired on the immovable property object of the purchase and in addition to personal surety of the partners.

Loan Information:

Ferrara Cool Rooms is a real estate conversion project for the income of an apartment of 110 square meters in the center of the Este city.

Total amount: € 80,000

Amortization period: 36 months

Annual interest rate: 8%

Interest payments: monthly

Funding objective: real estate conversion

Duration of collection: 30 days from the date of opening (10/01/2020)

Scoring: C (prepared by the company ModeFinance - the first Fintech Official Rating Agency)

Additional guarantees : real guarantee on the property purchased and personal guarantee of the members

Applicant company: DC Real Estate Srl



The applicant company DC Real Estate Srl, headed by Denisio Spedale and Christian Plazza , began operating in the real estate conversion from the end of 2018, specializing in long-term income for the student target.

The two partners therefore favored student cities where the demand for student housing is always higher, such as Milan, their city of origin and Ferrara, where they are preparing to carry out various operations in order to offer an important contribution to students looking for accommodation.

Damiano Losco , a renowned real estate developer with over 30 years of experience in the sector as a broker and trader, also participates as an advisor in this expansion path in Emilia Romagna .

It is the same promoter of the "Ferrara Residence" project, for the income of a building in the same strategic area of ​​the center of Ferrara. More details on the company and members' CVs in the presentation document available among the attachments.



Project originated by:


Annual yield
Term: 36 months
Interest payment schedule: