Berlin, 4 September 2019 – With 6% yield p.a. and twelve months to maturity, the new ELSESTRASSE BERLIN project on the real estate investment platform iFunded is an extremely attractive investment opportunity. It is a new construction project in the north-west of Berlin. Three of the five condominiums in the apartment building have already been sold.
“After just 24 hours, we have already reached more than 50% of the funding target of 350,000 euros. This underlines the attractiveness of our project,” says Michael Stephan, founder and CEO of iEstate GmbH, operator of the iFunded.de platform.
Cryptocurrencies accepted as means of payment
In addition to the classic payment of the investment in euros, investors can also pay with Bitcoin and Ethereum at iFunded. After the predecessor project ERFURT PORTFOLIO I, this is thus the second project where this is possible. iFunded is the first platform in Europe to accept cryptocurrencies as a means of payment for real estate investments.
Attractive location in Berlin-Hermsdorf
Reinickendorf has more than 263,000 inhabitants in total and the district will continue to grow. The population forecast predicts an increase of 9.4% by 2030. This is the fourth highest growth rate among Berlin’s districts.
The property is located in the Hermsdorf district of Reinickendorf, where 77% of the buildings are detached houses, 12% are apartment blocks and 4% are commercial. A rather well-off clientele lives in Hermsdorf. According to Immobilienscout24, 49% have a household income of 1,500 to 3,600 euros, and another 50% even have more than 3,600 euros per month at their disposal. In the past 13 years, the purchase prices for flats have risen by 113%. In new construction, buyers currently pay an average of 4,205 euros per square metre.
About iFunded:
iFunded is a digital real estate investment platform through which private and institutional investors invest directly in real estate projects of their choice together with real estate industry experts. Real estate developers have the opportunity to market their projects through the platform at an early stage via online channels, among others. In addition to banks and institutional investors, they can use www.iFunded.de as an alternative financing channel for financing requirements of up to EUR 50 million. iFunded uses the latest technologies such as blockchain.
iEstate GmbH, as the operator of the online financing platform iFunded, has a permit as a financial investment intermediary in accordance with § 34f paragraph 1 No. 1-3 GewO as well as § 34c GewO. iEstate Securities GmbH, Berlin, as the user of the online financing platform iFunded, acts as a “contractually bound intermediary” within the meaning of § 2 para. 10 of the German Banking Act (Kreditwesengesetz) when brokering investments in securities and in doing so acts exclusively in the name, for the account and under the liability of NFS Netfonds Financial Service GmbH, Hamburg.
Press contact
iFunded by iEstate GmbH
Uhlandstr. 175
10719 Berlin
[email protected]
www.ifunded.de
Tel.: +49 (0)30 – 555 728 550