BARI MARE

 Development loan
Italy
9.5%
Annual yield
-
LTV
Term: 12 months
Interest payment schedule:
Monthly

EvoEstate description

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)

Descripton

THE OPPORTUNITY

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.

LOCATION

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 PROJECT

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;

- Bathroom;

- Kitchen.

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.

Project originated by:
Housers charge 10% revenue fee. Additionally income tax is withheld (Spain 19%, Portugal 25%, Italy 26%). If your country has double taxation treaty - you do not have to pay income tax in your home country.

Documentation

9.5%
Annual yield
-
LTV
Term: 12 months
Interest payment schedule:
Monthly