Real estate crowdfunding in Germany is expected to experience rapid growth this year. Following a precarious moment where regulators were considering blocking real estate from the crowdfunding space, we are seeing a growing number of property deals come accross our desk.
Zinsbaustein.de, luanched in 2016, is emerging as a competitor in the space end the recent “Irma-Uhrbach-Carré” project in Munich is a good example.
Zinsbaustein is partnering with well-known development group Demos Wohnbau GmbH, a company with 50 years of expertise in Munich and the surrounding area. The investment crowdfunding platform is giving investors the opportunity to participate in a subordinated loan with as little as €500 at an interest rate of 5.25% per year. Zinsbaustein is seeking €1.8 million for a project with an estimated sales volume of €49.84 million. The project includes 95 apartments and associated parking spaces. Reportedly, 40% of the apartments have already been sold are have been reserved.
“The financing of this new building is attractive for investors,” said Frank Noé, CEO of zinsbaustein.de. “Forty percent of the apartments are already sold or reserved. Because of the extremely high demand for residential space in Munich, new buildings are being developed and “compacted”. We are proud to be involved in the post-compaction project, which is highly respected in the city. The new building is also very interesting with its attractive location on the outskirts of Munich with numerous recreation facilities and good public transport links for future residents.”
Noé said that partner Demos Wohnbau GmbH, with over 50 years of experience, is one of the most renowned property developers in Munich and the surrounding area.
Since entering launching the online marketplace for real estate investment, Zinsbaustein has raisded €10 million crowdfunding for real estate projects.
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