You are investing in this proposition in a long-term leased hotel building (ground floor) in Amstelveen as the underlying asset. The intended term of this proposition is 36 months, and the fixed interest rate is 6.85% per year. As an investor, you will be secured with a first mortgage right and a pledge on rental income. The loan-to-value of the underlying asset is 65%.
The hotel building is located to the north of Amstelveen, 8 kilometers from the center of Amsterdam. The property is leased to a renowned hotel operator for a period of 18 years. The building contains a total of 151 apartments and studios. The object of this proposition concerns the ground floor and several appurtenances.
The loan is provided to the project owner to repay the current bank loan and partially release the equity. The collateral has been owned by an affiliated company of the initiator for quite some time and is successfully operated. Over the past decades, the initiator has carefully built up a diversified real estate portfolio in and around Amsterdam.
Key features of this proposition:
- Fixed interest rate of 6.85% per year;
- Intended term of 36 months;
- First mortgage right;
- Pledge on rental income;
- Loan-to-value of 65%;
- Long-term lease (100% occupancy rate);
- Renowned hotel operator;
- Stable rental income;
- Good state of maintenance;
- Experienced project owner;
- Monthly payout;
- Interest accrues immediately upon deposit;
- One-time brokerage fee of 0.45%.