Metropolis 4D development loan - 2. stage

 Development loan
Project listed: 22.06.2020
Chișinău,
Moldova
15%
Annual yield
50%
LTV
Term: 12 months
Mortgage rank:
First
Interest payment schedule:
Monthly
Interest payments
02.09.2020
Paid
30.09.2020
Pending

Project updates

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September 17, 2020

Update from the developer:

Construction of the METROPOLIS district proceeds in accordance with the schedule and general plan. A special seismic resistance of the buildings was provided by the recent JET cementation technologies. This ensures high-level security and efficiency of the building. As of today, workers finished development works of the pit to the project mark and installed the ground-cement piles using JET installations: 124 piles, 1.5 m diameter, 6 m depth.

Besides that, now works are executed in two blocks of the first sector and each one is at a different stage of construction.

For example, at 1C block, the first 2 floors were built. As of today, the concreting of columns and diaphragm are fully completed and works related to the waterproofing the Foundation are executed. Also, the masonry of the boiler house on the first and second floors are finished.
As per block 1B, the foundation of it was built.

It is important to note, that the construction works are constantly going through the architectural control and quality checks which will ensure a high level of confidence for the future apartment buyers and commercial real estate tenants in the complex.

New photos of the progress have been added.

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Descripton

Object overview

  • Category - Development loan
  • Total yield - 15%
  • Payment frequency - Monthly interest payments 
  • Collateral - 1st rank mortgage
  • Duration - 12 months 
  • Country - Moldova
  • LTV - 50%

An attractive investment opportunity in a new eco-friendly residential area in the city of Chisinau, Moldova, secured by the 1st rank mortgage and conducted by an experienced international developer.

The Area

With this development loan, we are expanding our geography and opening a new country for investing - Moldova. The city of Chisinau is located in the Central region of Moldova and stands on seven hills in the form of a circle, which stretches along the river Byk — the right tributary of the Dniester.

The area of the city is about 120 km2, and the total municipality is 571.64 km2. In other words, It's about one-fourth as long as The Grand Canyon.

The city is located within the elevated woodland area of Codr. Its land is full of black soil, which is ideal for agricultural development. Just outside of Chișinău is Milestii Mici Village, a winemaking plant which boasts cellars with the largest collection of wine in the world with more than 1.5 million bottles!

The new METROPOLIS district will be located in the city's Botany sector. The Botany sector has a very developed infrastructure and is known as the greenest area of the city. METROPOLIS itself is conveniently located only 5 minutes from the airport and 10 minutes from the center of the city. Green parks, a lake, a Botanical garden, educational institutions, shopping centre and even a zoo - all are within arm's reach. Also, a business center with various conference rooms is on the building's pipeline, thus allowing business people to hold important meetings literally without leaving their homes. And that makes this part of the city so much attractive for young families and active lifestyle admirers. In addition, the existing interest from potential buyers and sales forecasts confirm the high demand for new projects in the area.
 

The property 

On a land plot with an area of 1,404 m2  (total area of 91,000 m2) at Dacia street 59, Chisinau, real estate development project is prepared with a cadastral number 0100119 section 459.01. 

  • The object: 7- storey residential building with all amenities and a well-maintained territory. 
  • Number of apartments: 56
  • Total living area:  3440 m2
  • Total terrace area: 270 m2
  • The underground parking: 18
  • Public access area: 433 m2

When this district was designed, the needs of a modern, progressive citizen were taken into account.  The stylish design and eco-friendly lifestyle of the district will completely transfer its inhabitants to the urban environment of a European suburb. Besides, beautiful high-rise buildings made of high-quality materials, produced in Germany, will provide a full, comfortable stay for their residents.

Due to its geographical location and proximity to the main transport arteries of the city, the district has great potential for further development.


Reinvest24 charges 2% investment placement fee on your investment.

Project originated by:
Reinvest24 charges 1% investment placement fee on your investment.

Documentation

15%
Annual yield
50%
LTV
Term: 12 months
Mortgage rank:
First
Interest payment schedule:
Monthly
Interest payments
02.09.2020
Paid
30.09.2020
Pending
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