Loan for a project for the construction of apartment buildings in Munich.
Description
The total investment is 5 million (minimum check — 1 million €).
Mezzanine loan from a German development company at 10% per annum with interest paid at the end of the project. The developer also participates in the project with its own capital.
Project term: 30 months.
Project 1: Converting a hotel into a student apartment and constructing a new building with 40 apartments.
Project 2: Demolition of the existing building and construction of a new building for 13 apartments with underground parking for 13 cars.
Project 3: Reconstruction of 2 existing buildings and construction of a new apartment building with underground parking for 21 cars.
Advantages
- The ability to invest remotely.
- There is no need to open an account in a foreign bank, register a company and notify about CFCs.
- Tax residents of the Russian Federation pay only 13–15% of personal income tax on interest, no need to pay taxes in Germany.
The buildings are located in Munich, in the Maxvorstadt, Moosach and Obergizing-Fasangarten districts.
Munich is the largest city in Bavaria and the third largest city in Germany, as well as a major industrial and research center of the country. Here are the headquarters of the world famous companies ”AGFA“, ”BMW“, ”Siemens“.
Annually more than three million tourists come to Munich.
Bavaria is a federal state in the south-east of Germany. With an area of 70,550 km² Bavaria is the largest German state by land area. With 13 million inhabitants it is Germany's second-most-populous state after North Rhine-Westphalia. Bavaria has one of the largest economies of any region in Germany, and in Europe.
