In the already crowded Italian panorama of real estate lending crowdfunding platforms, Isicrowd was just launched. A new portal which, however, shows off the primacy of being the first (and only so far) real estate crowdfunding platform based in the South, specifically in Casoria in the province of Naples, and focused mainly on real estate development projects in the south.
Founded by the real estate and tourism entrepreneur Antonio Ottaiano, Isicrowd is in fact the first crowdfunding platform in southern Italy, whose intent is to extend the business also in the tourism field. A sector that, as you can read on the website, “promises excellent earnings especially in the field of vacation homes, villas, b&b, hotels, timeshares and much more.”
Born2Invest application is a fast and easy way to check the latest business headlines. Our companion app makes it easy for you to keep informed, to intuitively move from story to story, and from section to section. Our clean design lets you read articles without clutter, and use the app with no limits on how many articles you can view.
Isicrowd’s first project is related to a property located in Naples
The company’s prerogative has always been to provide a completely innovative tourism consulting service. And it is precisely the philosophy used at the base of Tecnotravel to inspire the mission of the new generation start-up Isicrowd.
The first project, currently in the collection phase, is related to a property in Naples in Via Provenzale.
The operation involves the purchase of the property, already awarded at auction, its complete renovation with the adaptation of all the rooms and the sale on the open market.
The apartment has already been awarded at auction, at a price of about $1.200 (€1.000/sqm), a figure significantly lower than the average of the area, in fact, the district in question has an average quotation that fluctuates between $2.070 (€1,700) and $2.190 (€1,800)/sqm. This will allow us, once renovated and made qualitatively superior to the apartments in the area, to place it in a market range in the area average, so as to make it more attractive to potential buyers making the operation much faster in the recovery of the investment.
The expected return of the operation is 11% for an expected duration of 12 months
Real estate lending crowdfunding in Italy is in great growth: if in 2019 the collection amounted to $35.7 million (€29.3 million), in 2020 it exceeded $43.9 million (€36 million), and this year, in just 5 months, it has already reached 19.4 million.
The platforms that have completed at least one successful transaction since 2017 are 11, half of which entered the market between last year and this year.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Crowdfunding buzz, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
IVI Increases its Investment in Research to 6 Million
Each of the clinics that make up IVI RMA's worldwide network (more than 65 clinics) is likely to pursue one...
Iveco Group Bets on Green Trucks from Indian Startup Blue Energy Motors
The announcement follows last July's announcement at the Beyond event in Turin, Italy, and the official launch of Blue Energy...
Satispay Closed a Series D Round of 320 Million, Becoming a Unicorn
Satispay’s last previous capital raising was in November 2020. Back then, it was a €93 million Series C round, including...
Why Bit4You’s Crowdfunding Campaign Has Failed
With just a few days to go, the counter shows €256,300 in funding. The minimum threshold for the success of...
Iliad Launches Stancer, a Low-Cost Payment Fintech for Small Merchants
Approved by the ACPR as a payment institution, Stancer has been headed by George Owen, a former business lawyer, since...
Business2 weeks ago
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [Week 37]
Business6 days ago
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [Week 38]
Featured2 weeks ago
Algorand Partners with Bocconi to Establish Algorand Fintech Lab
Africa2 weeks ago
Lobito Rail Corridor Concessionaire Maintains Contact with DRC Authorities