Potenza Gallitello

 Development loan
Project listed: 30.01.2020
Potenza,
Italy
10%
Annual yield
Term: 18 months
Interest payment schedule:
Monthly
Interest payments
02.04.2020
Paid
30.04.2020
Paid
30.04.2020
Paid
02.06.2020
Paid
01.07.2020
Paid
15.08.2020
Pending

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Descripton

LOAN INFORMATION 

 

Potenza Gallitello is a real estate conversion project for the purchase of a lot of offices and garages (already rented) within a multipurpose center with the aim of resale in 18 months.

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: 30/01/2020

Closing date of the collection: 15/03/2020

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

Additional guarantees: real guarantee on the property, in addition to a personal guarantee from the members. Applicant company: PLA S.r.l.

 

DESCRIPTION

 

PLA S.r.l. it is financed to buy in bulk a portion of a multifunctional complex in Potenza in Via del Gallitello 281 near the regional offices. In detail, these are eight offices and eight garages. A part of these units (seven) is rented for a total annual rent of around 50,000 Euros. The property being acquired consists of properties for a total commercial area of ​​approximately 700 sq m, for a total value of 910 thousand Euros, with a 20% discount on the market price. The promoter was responsible for building the property in 2012, he already has a fractional resale project of the real estate units for a total amount of about 1.4 million euros. The transaction is assisted by the personal guarantee of the shareholders. Start a personalized negotiation for the Potenza Gallitello project by sending an email to Potenza.galitello@gmail.com.

 

PROMOTOR INFORMATION

 

PLA S.r.l. has already repaid the loan from the "PLA Prefabbricati" project on 28/01/2020 three months in advance of the natural expiration of the loan. PLA S.r.l. 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 president of the board of directors of Nova RE S.p.A. real estate company listed on the Milan stock exchange. Vice President of Meridie S.p.A, 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, among 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
Term: 18 months
Interest payment schedule:
Monthly
Interest payments
02.04.2020
Paid
30.04.2020
Paid
30.04.2020
Paid
02.06.2020
Paid
01.07.2020
Paid
15.08.2020
Pending
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