The operation involves the development of three individual houses. The building permit is obtained and clean and one of the houses is under the promise of sale.
The operation is carried out by Urban Promotion of which Mr. Aydemir is the president. He is developing a plumbing business within his own structure and first launched himself personally into real estate by building two individual houses in Sarcelles before joining forces with a developer to carry out development operations.
Commercialization is outsourced and handled by the real estate agency Keymex.
The sale price of the operation is higher than the market price, due to the new character of the proposed houses.
The operation is carried out by SASU Urban Promotion, with a capital of 1,000 euros, registered in the Pontoise Trade and Companies Register under number 838 835 536, on 11/04/2018. The latter will also carry the bond issue.
The bond will be issued by SASU Urban Promotion at an annual rate of 10% per year for a period of 24 months. The bond loan may be repaid by the operator as sales are made, i.e. 50% of the amount of the bond loan per unit sold. Interest is paid annually but guaranteed for a minimum period of 6 months.
In order to provide additional guarantees, the repayment of the bond is guaranteed by :
* 1st rank mortgage in favor of Raizers representing the mass of bondholders
* Personal guarantee from Mahmut Aydemir
The bond contract provides for early redemption if :
* Sale of all the lots
All the documents associated with this fundraising are available in the "documentation" tab.
Mahmut Aydemir, 40 years old, French:
Mr. Aydemir developed a plumbing business for 10 years before joining forces with Mr. Elbaz to create CBCS, of which he is manager, which offers plumbing and heating solutions. He also associated with Mr. Oreste, a developer, to carry out his real estate operations.
Focus on the financial elements of Urban Promotion, carrying the operation
Balance sheet Urban Promotion
Income statement Urban Promotion
It should be noted that the company, Mr. Aydemir's holding company, had no activity in 2019.
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Invest in Le Carré des Roses by Urban Promotion,Domont, France