This is a reconstruction of two units in Bari (Italy) with seaviews. The reconstruction licenze has been already granted by townhall. At the moment there is only 1 bigger unit for sale in same building for 2600€ per square meter. The developer plans to sell smaller units pricing 3300€ per square meter. Housers adds +3% to everyone who invests 2,500€ (we add this to everyone who invests 2,500€ as well)
Type of opportunity: Loan
Modality: Development Loan1 Flex Contract 2
Profitability: 9.5%3 in 12 months (+3% if investing 2500€)
We introduce you to Bari Mare, a new Development Loan1 opportunity with Flex Contract2, which consists of granting a loan to a project developer for the construction and subsequent sale of two apartments in Bari, Italy.
REASONS TO INVEST IN BARI MARE
- The project developer is the owner of the building;
- The building license was already granted;
- Strategic location;
- The scoring of this opportunity is BBB.
The project is located in Bari, the capital of Apulia, a seaside city that overlooks the Adriatic sea.
Highlights of the location:
- Apulia presents an amazing architecture, with three UNESCO World Heritage sites;
- It is a mercantile city, with a unique charm, where the old and modern elements are mixed together in harmony;
- Bari is an historically rich city: Basílica de San Nicolás, La Fortaleza, Margarita Theater, Faro de San Cataldo, Museum of Contemporary Art.
The opportunity foresees the construction and subsequent sale of two apartments integrated in a residential building, in Bari. The apartments, each with a total area of 50 m2, are located on the 4th floor of the building, and will present the following distribution:
- Living room;
- One bedroom with a king-size bed;
The building was built and is currently finished. The residential units are independent and very close to the promenade of San Girolamo, which is currently under a major remodelation. The construction requires several interventions, in all the systems, windows, floor, the facades of the building and the structure.
THE PROJECT DEVELOPER
The project developer Lorenzo Loseto is a company with more several years of experience in the real estate sector. The project developer society already successfully financed a project with Housers, also in Bari (El Faro project).
Additionally, ARGOS will monitor these types of projects, in order to guarantee a permanent control regarding the allocation of the capital provided by the investors.