|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.
Purpose of the loan
The Palazzo Europa II project consists of financing the company Edilrossi Costruzioni Srl for the completion of a building of 4,000 square meters in Bisceglie (BAT) which houses both commercial and residential units, 80% of which has already been sold.
Total amount : € 130,000
Payback period: 12 months
Annual interest rate: 9%
Interest payment: monthly
Capital repayment: at maturity (bullet)
Funding objective: RE-Build
Duration of collection : 30 days
Collection opening date : 17/06/2021
Closing date of collection : 17/07/2021
Company rating : C
Project Rating : C +
Additional guarantees : Surety from the administrator
Applicant company : Edilrossi Costruzioni Srl
The Palazzo Europa II project, the second part of Palazzo Europa, consists of the financing of the company Edilrossi Costruzioni Srl for the completion of a 4,000 m2 building in the historic Apulian city of Bisceglie (BAT).
The building consists of 20 apartments, of which 16 have already been sold. The progress of the building works is currently 85% .
Palazzo Europa is developed as follows:
2 underground floors with 21 car garages
1 ground floor used as commercial premises
6 floors housing 18 residential units
1 penthouse with 2 apartments.
The property is located in Via Piave, in the central area of the city, a few minutes walk from the splendid historic center, less than ten minutes from the beaches, the tourist port and the station.
The Maldera family is a family of esteemed entrepreneurs in the Puglia area. Particularly engaged in the oil and real estate sector, it owns a technologically advanced oil mill that has an annual turnover of 9 million euros and has carried out various prestigious real estate initiatives. In 2020 the Maldera family acquired the company Edilrossi Costruzioni Srl to increase its business in the real estate sector and complete the “ Palazzo Europa ” project located in Bisceglie (BAT).
The company Edilrossi Costruzioni Srl , founded in 1981 by Cav. Vincenzo Rossi, boasts 40 years of experience in the construction sector with works carried out throughout the area of the Province of Barletta-Andria-Trani.
More information available on the website: www.edilrossi.it
|22.07.2021||Paid||No||23 July 2021, 07:52|