|Criteria||From a+ to d||Project rating|
Macro Location Analysis
EvoEstate Risk rating is of an informative nature only & can not be considered investment advice.
Purchase Price/Land Price
Purpose of the loan
Bologna Ponchielli is a real estate conversion project for the purchase, renovation and subsequent sale of a 118 sqm apartment in the center of Bologna.
Total amount: € 250,000
Payback period: 8 months
Annual interest rate: 8.50%
Interest payment: monthly
Capital repayment: at maturity (bullet)
Financing objective: real estate conversion
Duration of the collection: 30 days from the date of opening (21/01/2021)
Rating: B (prepared by the company ModeFinance - the first Official Fintech Rating Agency)
Additional guarantees: personal surety from shareholders
Applicant company: Immobiliare Madrò Srl
The Bologna Ponchielli project consists of the financing of the Immobiliare Madrò Srl company for the purchase of a 118 sq m apartment in Bologna in the San Ruffillo district with the aim of renovating and reselling it within 8 months.
The apartment is in excellent condition and the renovation involves the transformation of the current walk-in closet into a large bathroom as well as enhancing the furnishings through home staging. The property includes a convenient condominium parking space in the internal courtyard.
The purchase price of the property is 30% below the market price according to the evaluation of the Borsino Immobiliare and the OMI (Real Estate Market Observatory) of the Revenue Agency.
The apartment is located via Ponchielli 7, in an excellent position 20 minutes from the center with access to public transport, train and bus station. The neighborhood is well served with shops, supermarkets, schools and the excellent “Toniolo” clinic.
The promoting company has entered equity on the operation equal to 16% of the investment. A personal guarantee from the shareholders will be acquired to guarantee the operation.
The company Immobiliare Srl Madro is part of the business group Marella, led by Francesco Marella, a degree in construction engineering, it is the third generation in the real estate and construction. During his career, he also held the following roles: CEO and chairman of the board of directors of Nova RE SpA, a real estate company listed on the Milan stock exchange. Deputy Chairman of Meridie SpA, an investment company listed on the Milan Stock Exchange. Director of Ream SGR. Chief Executive Officer of the family business active in the construction of public infrastructures (motorways and railways).
In particular in the field of real estate development, among the most important projects of the group:
- Construction of residential and office complexes in Potenza for a development of approximately 13,000 square meters (revenues of approximately Euro 25 million);
- Renovation and sale of a residential and office complex in Ferrara 11,000 sq m;
- Construction and sale of tourist complexes in Val di Fassa for 7,000 square meters.
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