With this proposition, you invest in the seventh floor and basement of a long-leased hotel building in Amstelveen. The first phase of the proposition has already been successfully placed and is in operation. The intended term of this proposition is 36 months and the fixed interest rate is 7% per year. As investor, you will receive as security a first right of mortgage and pledge of the rental income. The loan-to-value of the underlying is 60%.
The hotel building is located north of Amstelveen, 8 kilometres from the centre of Amsterdam. The property has been leased to a renowned hotel operator for a period of 18 years. In total, the building has 151 flats and studios. The object of this proposition concerns the seventh floor and the basement.
The loan is provided to the project owner to repay the current bank loan and partially release the surplus value. The collateral has long been owned by an affiliate of the promoter and successfully operated. Over the past decades, the initiator has carefully built up a diversified property portfolio in Amsterdam and the surrounding area.
- Fixed interest rate of 7% per annum;
- Intended term of 36 months;
- First right of mortgage;
- Pledge of rental income;
- Loan-to-value of 60%;
- Long-term leased (occupancy rate of 100%);
- Renowned hotel operator;
- Stable rental income;
- Good state of maintenance;
- Experienced project owner;
- Monthly payout;
- Instantly interest-bearing from deposit;
- One-off brokerage fee of 0.45%.