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Risk Evaluation iFunded: B
On iFunded’s webpage, every project is evaluated based on 9 defined criteria and placed into one of 5 risk categories. LÜTZOWSTRASSE BERLIN is placed in risk category B and therefore at relatively low-risk.
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International Developer
The issuer of LÜTZOWSTRASSE BERLIN project is PLAB2 GmbH, which is 100% owned by Placerat Berlin GmbH. Managing Director and sole shareholder of Placerat Berlin GmbH is Mr. Erlend Christoffersen, who has been building a portfolio of residential real estate in Berlin since 2014 as a real estate investor.
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This is how Investors money in used
The purchase of the property is to be financed with the subordinated loan in the amount of approximately 6.100.000 Euro. By receiving the certificate of separation it is intendend that the financing bank will increase the loan provided from 1,980,000 Euros up to 3,500,000 Euros. A total cost of 6,670,000 Euros was calculated for the project.
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Thorough information concerning this project can be found in the Investment-Exposé
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LÜTZOWSTRASSE BERLIN
Wohn- und Geschäftsimmobilie in Mitte
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- Investment type Loan
- Interest payments At maturity
- Funding threshold € 450,000
- Funding target € 500,000
The acquisition of this financial instrument involves considerable risks and can lead to the complete loss of the capital employed.
Still want to see LÜTZOWSTRASSE BERLIN details?
Show project detailsInvestment Overview
Fixed interest rate of 5% per annum
No fees for the investor - neither agio premium nor ongoing management fees
No additional funding obligation for investors
Growing real estate market in Berlin
Property is fully rented
Existing residential and commercial real estate with ongoing rental income
A property in close proximity to Potsdamer Straße
Assigned income claims *
* For the benefit of the investors subordinated security in the form of security assignment of withdrawal claims of shareholders means that the shareholders may only make limited withdrawals from the assets of the issuer prior to full repayment of the loan amount. An additional pool of assets, which could be used in case of failure of the issuer to provide additional recoverable assets, is not provided by this security assignment.
THE INVESTMENT OFFER |
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| Type of investment | Subordinated loan |
| Borrower | PLAB2 GmbH | Schulenburgring 2, 12101 Berlin |
| Loan size | 500.000 Euro |
| Inteded use of loan | Purchase, separation and sale of the units |
| Charges to investors | None |
| Minimum investment | 500 Euro |
| Interest rate | 5,00 % p.a |
| Duration | 18 months |
| Repayment | At maturity |
| Interest payment | At maturity |
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THE PROPERTY | LÜTZOWSTRASSE BERLIN |
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| Property |
Existing residential and commercial real estate in Lützowstraße 68 | Derfflingerstraße 1, 10785 Berlin |
| Year of construction | 1904 |
| Site area | 578 m2 |
| Units | 16 apartments and 2 commercial spaces |
| Total rental area |
1,891 m2*
*plus an undeveloped unit in the attic |
| Currency | Euro |
| Occupancy rate | 100% |
| Annual rental income (actual value) | 148,048 Euro |
| Total investment volume | 6,670,000 Euro |
| Borrowed capital (banks) | 3,500,000 Euro |
| Equity | 2,670,000 Euro |
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PROPERTY
PROJECT PROFILE
RISKS AND REWARDS
REWARDS |
RISKS |
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IFUNDED-RISK ASSESSMENT
- A
- B
- C
- D
- E
For each project on iFunded the risk is determined using a standardized procedure. There are a total of nine criteria, by means of which the project risk will be assessed. Depending on the severity of the individual risk criteria, risk points will be awarded and added up at the end. Depending on the number of risk points, the real estate project is classified into one of five risk classes. The risk categories go from A to E, with A being low risk and E for higher risk. Here you can download the detailed evaluation scheme as PDF:
iFunded Risk Assessment.
In total LÜTZOWSTRASSE BERLIN earns 12 Risk Points and therefore achieves Risk Category B. This is how the criterias are build up:
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| Risk criteria | Specification | Risk pointstot |
| Debt ratio | 52.47 % | 2 |
| Equity ratio | 40.03 % | 0 |
| Macro location | Berlin | 0 |
| Micro location | Lützow district in Berlin-Mitte | 1 |
| Occupancy rate | 100% | 0 |
| Number of tenants | >10 | 0 |
| Development phase | Existing property with little maintenance backlog | 1 |
| Issuer experience | Total investment volume <50 million € | 4 |
| Securities | Personal guarantee | 2 |
| 2nd class debt | 2 | |
| Profit transfer claims | 0 | |
| Overall | 12 |
DEVELOPER
PLAB2 GmbH is the borrower and the buyer of the property at Lützowstraße 68 | Derfflingerstraße 1. It is 100% owned by Placerat Berlin GmbH. Managing Partner of Placerat Berlin GmbH is Erlend Christoffersen. Mr. Christoffersen is a real estate investor who has been building a portfolio of residential real estate in Berlin since 2014, partly to keep it in the longer term and partly to sell it after renovation. The sale of the properties acquired by Placerat Berlin GmbH is carried out as a whole as well as through the sale of individual residential and / or business units. Placerat Berlin GmbH is supported by a Berlin expert team with regard to the strategic planning and optimization of the porfolio, with many years of experience in this market and is familiar with the trends and developments of the individual housing estates.
APPLICATION OF FUNDS
The purchase of the property is to be financed with the subordinated loan in the amount of approximately 6,100,000 Euros. With the aim of obtaining a separation declaration*, it is intended that the financing bank, the Berliner Volksbank, will increase the loan provided from 1,980,000 Euros up to 3,500,000 Euros. For the LÜTZOWSTRASSE BERLIN project total costs of 6,670,000 Euros were calculated. It is planned that the loans granted as part of the crowdfunding will be repaid by the increased loan.
*Certificate of sufficient structural separation (closeness) of residential / commercial units or part ownership of other apartments and rooms.
Measure/Scheme |
Costs including Tax |
| Purchase price | € 5,530,000 |
| Acquisition costs | € 800,000 |
| Separation costs | € 360,000 |
| Maintenance costs | € 190,000 |
| Controlling | € 20,000 |
| Total costs | € 6,670,000 |
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FINANCING STRUCTURE
Documents
| LÜTZOWSTRASSE BERLIN Expose.pdf [ Deutsch ] |
Please note that this is merely a non-binding convenience translation. If you have problems of comprehension, please seek external support.
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