$17.9M USD Dovelopment Financing 43 +14 Apartments

Germany

Amount Sought: On Request

Funding Wanted Details

Listed on Feb 22, 2023

Development Financing of 43 Marina & 15 Baltic Sea - Apartments FOR SALE on the Island of Usedom in Germany:

The proposed capital budget for the Development of the Lassan project represents an investment of $17,970,032.00 US Dollars.

Funding Structure:

Equity Financing: $ 5,970,032.00 USD
Debt Financing: $ 12,000,000.00 USD
TOTAL FUNDING: $17,970,032.00 USD

Revenue:
Total sales revenue $22.823.750,00 USD
Rental income from the existing property: 45.000,00 USD

Profit determination

Total revenue: $22,868,750 USD
Total construction costs plus soft costs: $17,108,369 USD
Total Operating expenses: $105,500 USD
Profit: $5,760,381 USD
Yield: 33.67%

Target Market for our Sales:

Our primary target market is young professionals with no children, retired people, or singles who are looking for condos that offer an attractive lifestyle. Different features of the condo appeal to different audiences. Proximity to the sea may be important for retired people or young families. Young professionals may look for nearby transport for easy commutes to work. Singles value gyms and leisure facilities on site.

Permits & Licenses are in place - the project is "shovel-ready".

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Financials (USD)

Amount Sought Not Disclosed

Deal Terms

Offering Memorandum Or Prospectus Available? Available On Request

Willing To Pay Finders Fee? Available On Request

Willing to Co-Broker? Available On Request

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