Moena Dolomiti

 Development loan
Milan,
Italy
Moena Dolomiti
10%
Annual yield
-
LTV
Term: 18 months
Interest payment schedule:
Monthly

EvoEstate description

Low liquidity area. Average price per square meter 3500 euros. Developer plans to sell both properties 2x the loan he is taking - for 5000 euros per square meter after reconstruction and including the garage.

Descripton

The Investimenti Immobiliari 1 Srl company finances itself with the aim of purchasing a 140 m2 apartment in Moena in Val di Fassa , an ideal destination for its strategic location in relation to the best ski slopes in the Dolomites.  

The apartment is located in a typical mountain complex of which the sponsoring company already has two garages of 50 m2 and a 30 m2 ski storage room. The goal of the project is to convert the property by splitting it into two different real estate units to which the two garages will be attached . The apartments with garage in the areas adjacent to the ski slopes acquire value because they are used as storage for skis and snow equipment.

The Moena ski area and all the nearby ski areas are part of the Dolomiti Superski, the largest ski carousel in the world, as well as being famous for the Marcialonga, the internationally known classic-style cross-country race. 

The splitting and renovation of the apartment involves the use of environmentally friendly materials and energy efficiency systems. 

The apartment is already divided into two subordinates with two different entrances so the restructuring and division will be carried out quickly.

The operation is assisted by a real guarantee on the property, in addition to a personal guarantee from the shareholders.

Moena Dolomiti is a real estate conversion project for the splitting up of a real estate unit in Val di Fassa and the subsequent sale.

Total amount: € 350,000

Depreciation period:  18 months

Annual interest rate: 10%

Interest payment: monthly

Financing objective: real estate conversion

Duration of collection: 45 days

Date of opening of the collection: 15/01/2020

Closing date of the collection: 29/02/2020

More credit rating: BB (developed by ModeFinance - the first official Fintech rating agency)

Additional  guarantees : real guarantee on the property, as well as a personal guarantee of the members.

Applicant company: Investimenti Immobiliari 1 Srl

Investimenti Immobiliari 1 Srl is part of the Marella business group , led by Francesco Marella, a graduate in construction engineering, represents the third generation in the real estate and construction sector. During his career he also held the following roles: CEO and chairman of the board of directors of Nova RE SpA real estate company listed on the Milan stock exchange. Vice President of Meridie SpA, an investment company listed on the Milan stock exchange. Board member of Ream SGR. Managing director of the family business operating in the sector of public infrastructure construction (highways and railways).

In particular in the real estate development area, the most important projects of the group:

- Construction of residential and office complexes in Potenza for a development of approximately 13,000 m2 (revenues of approximately Euro 25 million);

- Renovation and sale of residential and office complex in Ferrara 11,000 sq m;

- Construction and sale of tourist complexes in Val di Fassa for 7,000 m2.

More details about the company in the presentation document available in the project attachments.

Project originated by:

Documentation

10%
Annual yield
-
LTV
Term: 18 months
Interest payment schedule:
Monthly