CALVIN BERLIN

Apartment building in Mitte

Total investors Funding target
€ 650,000 € 500,000
Holding period
21
This project has been successfully repaid.
5,0% Interest p.a.
21 Months ca. Term
  • Investment type Loan
  • Interest payments Semi-annually
  • Funding threshold € 100,000
  • Funding target € 500,000
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Note in accordance with section 12 (2) of the German Investment Act (Vermögensanlagengesetz):
The acquisition of this financial instrument involves considerable risks and can lead to the complete loss of the capital employed.

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CALVIN BERLIN
  • 5,0% Interest p.a.
  • 21 Months ca. Term
  • Semi-annually Interest payments
  • 71 Months Repayment

INVESTMENT OVERVIEW

Fixed interest rate of 5% per annum (Semi-annual payment)

No fees for the investor - neither agio premium nor ongoing management fees

No additional funding obligation for investors

Berlin real estate market with lots of potential

Project is led by an experienced entrepreneur team

Existing residential real estate with ongoing rental income

A residential property close by the Carl-von-Ossietzky-Park

Safer due to 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
Type of investment Subordinated loan
Borrower SCP Koloniestr. 123-124 GmbH & Co. KG Uhlandstraße 175 10719 Berlin
Loan size 500.000 Euro
Inteded use of loan Modernisation of common areas, empty apartments and costs for marketing and distribution
Charges to investors None
Minimum investment 500 Euro
Interest rate 5,00 % p.a
Duration 12 months
Repayment At maturity
Interest payments Semi-annually
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THE PROPERTY | CALVIN BERLIN
Property Residential property in Calvinstraße 28, 10557 Berlin
Year of construction 1960
Site area 787 m2
Units 17 apartments
Total rental area 879,63 m2
Currency Euro
Occupancy rate Ca. 78%
Annual rental income (actual value) 41.857 Euro
Total investment volume 2.191.916 Euro
Borrowed capital (banks) 1.000.000 Euro
Equity 691.916 Euro
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Property

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BUSINESS MODEL

How the developer makes money with the project

  • Step 1: Upgrading the real estate through refurbishment

    The developer will use the funds from the crowdfinancing to upgrade common areas, refurbishing vacant apartments and prepare for marketing/sales.

  • Step 2: Profit through conversion to condominums/apartments for sale

    The property will be upgraded and will be sold as individual apartments. The developer is expecting to achieve higher salesprices through sale of individual apartments compared to selling the property as one, without converting. With the profit, it will be possible to pay the investment amount and the interest back to the investors.

PROJECT PROFILE

  • Risk Evaluation iFunded: A

    On iFunded’s webpage, every project is evaluated based on 9 defined criteria and placed into one of 5 risk categories. CALVIN BERLIN is placed in risk category A and therefore at low-risk.

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  • Developer with longtime Experience

    CALVIN BERLIN is a Project by the Skjerven Group, which has invested more than 200 Million Euro in Berlin’s residential estate. Further, Skjerven Group has converted and sold individual apartments for over MEUR 150,0 the last years. This is the same strategy and execution as Skjerven Group will also do in Calvinstrasse 28.

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  • This is how Investors money in used

    The money from the crowd wil be used to upgrade common areas, refurbishing vacant apartments and prepare for marketing/sales.

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  • Thorough information concerning this project can be found in the Investment-Exposé

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Location

RISKS AND REWARDS

REWARDS

RISKS
  • Fixed interest rate of 5% per annum (Semi-annual payment)
  • No fees for the investor - neither agio premium nor ongoing management fees
  • About 78% of the property rented out
  • No additional funding obligation for investors
  • Berlin real estate market is booming
  • Project is led by an experienced entrepreneur team
  • Existing real estate with ongoing rental income
  • The renovation costs may be higher due to unforeseen circumstances
  • It may be that the demand for apartment sales decreases leading to lower market prices, which would reduce the project profit
  • For the investor, there is a risk of total loss, as stated in the terms of iEstate investments. Moreover, it is conceivable that, for example, an individual borrowing of the respective investment amount or payable tax contributions causes further payment obligations. This can even lead to the insolvency of the investor.
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IFUNDED-RISK ASSESSMENT

A
  • 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 CALVIN BERLIN earns 8 Risk Points and therefore achieves Risk Category A. This is how the criterias are build up:

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Risk criteria Specification Risk pointstot
Debt ratio 46 % 1
Equity ratio 32% 1
Macro location Berlin 0
Micro location Calvinstraße in Berlin-Mitte 0
Occupancy rate 78% 1
Number of tenants >10 0
Development phase Existing property with little maintenance backlog 0
Issuer experience invested 200 million euros in the Berlin residential real estate market 1
Securities Personal guarantee 2
2nd class debt 2
Profit transfer claims 0
Overall 8
* iFunded does not perform any kind of investment advice and does not constitute any risk evaluation for a individual investor whether the investment suits a investors personal risk profile. The risk evaluation is based on standardised criteria, which are evaluated during the the structuring of the investment. The actual performance of the investment in the future can be adverse. Even with a low risk profile there is a remaining risk of a total loss of the investment for any investor.

Developer

UNTERNEHMERTEAM

The Issuer for the Subordinated Loan is SCP Koloniestr. 123-124 GmbH & Co. KG, Uhlandstraße 175, 10719 Berlin, Germany. It is 80% owned by the Swedish corporations Niklasberg AB and 10% of the 10% Berlin AS. SCP Holding 123 GmbH, a wholly-owned subsidiary of Skjerven Holding, holds the remaining 10%. SCP Verwaltung Selektion 03 GmbH assumes the administration of the object in Calvinstraße and has concluded a service contract with Skjerven Asset. Managing Director Einar Skjerven has more than twenty years of experience in investment and asset management and is an expert in residential real estate investments in Berlin, where he has already invested 200 million euros.

Application of Funds

The Crowd's subordinated loans are used to finance the modernization of community ownership, the redesign of the outdoor facilities, the rehabilitation of individual apartments and the marketing and distribution of the owner-occupied apartments, which will cost a total of around 500,000 Euros.

Measure/Scheme

Costs including Tax
Modernising of collective ownership 89.000 €
Redevelopment of gardens in the backyard 50.000 €
Additional building costs 38.900 €
Modernising of single apartments 250.000 €
Costs for distribution and marketing of condos 72.100 €
Total costs 500.000 €
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Financing Structure

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Documents

CALVIN BERLIN Expose.pdf [ Deutsch ]
Investment Memorandum.pdf [ Deutsch ]
Subordinated Loan Agreement and Nomineeship Agreement CALVIN BERLIN.pdf [ English | Deutsch ]
Widerufsbelehrung.pdf [ Deutsch ]
Verbraucherinformationen für den Fernabsatz.pdf [ Deutsch ]
VIB (Vermögensanlagen - Informationsblatt).pdf [ Deutsch ]
Information on the financial investment brokerage Regulation.pdf [ Deutsch | English ]
iFunded Risikoeinschaetzung.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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