Infinityhub Launches Crowdfunding Campaigns to Finance Redevelopment of Student Housing in Naples

Two crowdfunding campaigns, one equity, and one lending, were launched by Infinityhub at the same time to finance the YCare Porta Nolana project, which involves the redevelopment of two properties for short term rentals and offices and was presented to the city and the financial community yesterday at the Vincentian Monumental Complex.

Read more aboout the two crowdfunding campaigns launched by Infinityhub and find the most important financial news of the day with the Born2Invest mobile app.

The equity and lending crowdfunding campaigns launched by Infinityhub

The equity crowdfunding one was launched on Ecomill, Italy’s leading crowd-investing platform dedicated to energy transition and sustainability, and the lending one on Ener2Crowd, also focused on energy and environmental sustainability.

Both campaigns will run for about 30 days and aim for a total raise starting at €340,000.

Specifically, the equity campaign on Ecomill has a minimum target of €40,000 and a maximum target of €157,000, against a pre-money valuation of €432,000.

The lending campaign on Ener2crowd is for a 36-month loan of €300,000 to €500,000 which will be repaid in two equal installments with an annual interest rate of 8 percent.

In addition, a capital increase will be initiated through the complementary social currency Sardex Pay (the opening operation will be evaluated following requests received from Sardex account holders interested in entering the share capital).

The YCare Napoli Porta Nolana Project

YCare Napoli Porta Nolana is an innovative start-up and benefit company that was created from the alliance between the Energy Social Company Infinityhub S.p.A. Benefit and ICS House, the Italian leader in property management for short- and medium-term rentals.

The project involves the energy efficiency upgrading of two buildings, one on Via Ferrante Loffredo, near the central station, and the other on Via San Cosmo outside Porta Nolana, with the final construction of more than 30 apartments that will be used for corporate headquarters, student and worker residences, and short-term rentals.

The interventions, in detail, will involve mechanical, electrical and air conditioning systems, photovoltaics, high-efficiency fixtures and building works with envelope insulation.

For Infinityhub – benefit, which specializes in environmental and regeneration works throughout Italy, financed mainly through crowdfunding campaigns on the main Italian platforms, Naples represents the second piece, after Milan, of its YCare initiative, which also wishes to solve the problem of university and off-campus residences.

The work, which will begin in late summer and be completed by the first half of 2024, will have a total cost of about €3.36 million, which will be paid to YCare by whoever will take over management of the properties, “the energy provider,” in the form of an operating lease for eleven years.

The statements

“Ycare was born from the motto so dear to Don Milani ‘I care,'” declares InfinityHub CEO and founder Massimiliano Braghin. “A strong meaning that speaks of responsibility towards the community, the environment and the person, but also of the ‘possibility’ of living in the beauty and the beauty of the historic centers of Italy, for all and for all.”

Antonello Mallone, president of ICS HOUSE emphasizes that: “in a historical context such as the current one, in which there are important needs for housing solutions available for students, it must be a priority of all operators in the sector to strive to fill these voids.”

Chiara Candelise, CEO and founder Ecomill emphasized the green side of the operation: “Energy redevelopment is a theme dear to our platform: it is a sector in which we believe a lot and which represents an excellent investment opportunity for citizens and businesses, capable of reconciling attractive returns with a positive environmental, economic and social impact.”

While Giorgio Mottironi, CSO & Co-Founder Ener2Crowd, said that: “Redeveloping real estate in a sustainable way and with social inclusion purposes oriented to the integral development of the individual is certainly one of the main responsibilities that our society and the people who compose it must invest themselves with.”

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(Featured image by stostank via Pixabay)

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