GenoCrowd is reporting that it has taken just three days to raise its funding threshold for a real estate project.
The “Das Rosenthaler” property located in Nuremberg and managed by W&L AG, will return 5.5% interest to investors with early backers adding 50 basis points to that number or 6% in total. The first hurdle was set at €150,000. Ast it stands today over €550,000 has been raised. A minimum investment of €250 is required.
GenoCrowd launched its first securities offering in 2021 raising capital for a project in Leipzig that quickly raised its funding target. GenoCrowd is a partnership between Raiffeisenbank im Hochtaunus and CrowdDesk.
GenoCrowd GmbH, a 100% subsidiary of CrowdDesk GmbH and independent of Raiffeisenbank which cooperates with CrowdDesk on the investment crowdfunding platform each bringing their expertise to the project. Raiffeisenbank maintains extensive experience in real estate financing and a network of industry professionals. CrowdDesk, founded in 2011, provides the tech stack and commercial services to operate the digital investment platform.
Gen0Crowd aims to match a network of project developers and private investors to provide interesting returns on short-term maturity products.
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