Trembleystraat 16, the Hague

The Hague, The Netherlands

155 000 €

Raised 155 000 €

7.5%Expected Return
6.22%Actual Return

6Months Expected Term
6Actual Months Term

Listed: 2020-12-07

Type: Purchase Loan

Mortgage rank: First

Interest payment schedule: Monthly

Min. amount of investment - € 0

Project originated by:

Project updates

Risk Rating

Criteria	From a+ to d	Project rating
Macro Location Analysis	B+	B+ Originator rating A- EvoEstate Risk rating is of an informative nature only & can not be considered investment advice.
Financial Cost	C
Loan To value	B-
Purpose	A+
License	A+
Experience Developer	A+
Presales	D-
Mortgage Guarantee	A+

Detail Descripton

Property location

Trembleystraat 16 Den Haag 2522 PE Netherlands

Executive Summary

The loan will be used to purchase Trembleystraat 16, a 3 bedroom apartment in the Hague and convert it into a furnished 3-room apartment for renting out to students / young professionals. The photos of the inside of the property show how it will look after renovations have been completed.

We have been able to negotiate a good price for the property under the condition that the current owners can rent it back until April 1st of 2021.

The property is located in the up and coming area of Laakkwartier. We already own multiple properties in this neighborhood which are all rented out through the same concept.

Once the renovation is completed and the new studios are rented out, the property will be re-financed and the loan will be repaid in full. The term for this is 6 months. The interest will be 7,5%, paid monthly. A first ranking mortgage will be established on behalf of investors to secure the loan and an additional business guarantee on the loan of €25,000 will be put up by both founding companies Caluro B.V. and Ipando Holding B.V.

Loan terms

Target amount

€155,000.00

Minimum amount

€155,000.00

Interest per annum

7.50%

Profit share

0.00%

Term

6 Months

Payment frequency

1 month

Loan purpose

Buy-to-rent

Type

Bullet

Loan To Value (LTV)

75.61%

Total Loan Cover (TLC)

132.30%

Investment plan

DESCRIPTION	AMOUNT
Purchase of property	€150,000.00
Renovation	€30,000.00
Furniture pack	€10,000.00
Various costs	€9,000.00

Payment terms

Payment will be made to the notary's Escrow account and funds will be released once a first rank mortgage has been established.

Additional terms

No additional terms and conditions apply to this loan.

Collateral

A first rank mortgage of €155,000 will be established on behalf of investors to secure the loan and both personal holdings behind Cube Investments offer additional securities in the form of a business guarantee on the loan of €25,000 each. These business guarantees are partly material.

Cube Investments has a C rating and both personal holdings have a B rating from Creditsafe, indicating a fairly low risk. The financial position of Cube Investments and the holdings are healthy. Combined with an experienced team and track record in real estate. The chance that the loan will default, is considered to be small.

Mortgage

Below mortgage will be established on behalf of investors to secure this loan.

TYPE OF PROPERTY	MORTGAGE RANK	AMOUNT	LC
Residential	First Rank	€155,000.00	100.00%

Additional securities

TYPE OF SECURITY	QUALIFICATION	MODE	AMOUNT	SECURITY GRANTOR
Business Guarantee	Partly material	Constant	€25,000.00	Caluro B.V.
Business Guarantee	Partly material	Constant	€25,000.00	Ipando Holding B.V.

Risks

RISK	SCORE	MEASURE
Delay in renovation	Low	Cube Investment always works with the same contractors at a fixed price and fixed completion date basis.
Refinance delayed/denied	Low	Cube Investments has strong existing relationships with refinancing partners, which they have already used to refinance over 20 properties to date.
Not all studios rented out according to plan	Low	Due to the current high demand in the area, this risk is considered to be low. Cube Investment has sufficient financial buffers to meet interest payment obligations.

Fundraiser

Registration number

76616843

Address

Ibrahim Moustafapad 24 1034WD AMSTERDAM Netherlands

Contact

Cube Investment BV

E-mail

info@cubeinvestment.nl

Message from fundraiser

Cube Investment B.V. was founded in 2019 by Caluro B.V. and Ipando Holding B.V. With Cube Investment we aim to provide great housing for students and young professionals. We buy properties in urban areas that need a little bit of love and attention. We turn these into a high class, furnished studios and student rooms. We have done this already with over 25 properties in the Rotterdam / The Hague area. The people behind Cube are highly experienced in the real estate industry:

Esther Dekker: Esther is the managing director of Max Rentals. She has worked in the world of real estate for over 10 years and now boasts an abundance of experience in the Dutch property market. She is highly qualified to provide professional advice on many real estate issues, having earned a postgraduate title in social sciences (specializing in real estate). Esther hosts a real estate podcast with thousands of listeners and provides training on investing in real estate.

Edwin de Pijper: Edwin has been an independent entrepreneur for almost 30 years. Since 2005, he has been focusing on the real estate industry, starting a franchise in the property rental sector and subsequently growing his empire. Edwin is managing director of Max Rentals, a field in which he has held expertise for more than 18 years. Edwin has also involved in the purchase of real estate assets on behalf of Max Property Group and other investors.

Olivier Karg: Olivier has a strong background in growth hacking training/coaching trajectories for Start-Ups and Scale-Ups and has joined Cube as co-founder and managing director to build a current investment portfolio in the Rotterdam Area.

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Documents

Payment schedule

Date	Status	Late	Assignment date
20.01.2021	Paid	No	19 January 2021, 16:23
20.02.2021	Paid	No	18 February 2021, 20:26
20.03.2021	Paid	No	18 March 2021, 19:10
20.04.2021	Paid	No	19 April 2021, 20:11
20.05.2021	Paid	No	18 May 2021, 20:12
20.06.2021	Paid	No	18 June 2021, 13:24

MAX CROWDFUND HAS A FEE OF 0.1% INCL. VAT CHARGED FROM THE OUTSTANDING INVESTMENT AMOUNT AND HELD BACK FROM PERIODIC PAYMENTS. MAX CROWDFUND ALSO HAS AN ADMINISTRATION FEE INCIDENTAL PAYMENT (FOR EXAMPLE PROFIT SHARE) OF 0.5% INCL. VAT CHARGED FROM THE PAID AMOUNT AND HELD BACK FROM THE PAYMENT.