Connect with us

Crowdfunding

Mamacrowd launches its first real estate crowdfunding campaign

Mamacrowd is the first Italian platform to offer equity crowdfunding. The first real estate crowdfunding campaign hosted by Mamacrowd is aimed at financing a project in Milan, with a minimum funding target of $4 million (€3.6 million). Three other “generalist” crowdfunding equity portals had decided to expand to real estate: CrowdFundMe, Backtowork and Opstart.

Published

on

This picture show the construction of a building.

A few days after the announcement of the entry into the real estate crowdfunding segment, Mamacrowd, the Italian equity crowdfunding platform managed by SiamoSoci, has launched its first campaign to finance a real estate project, located on via Gallarate 31 in Milan.

The project provides an annual Roi of 13.30%, compared to an estimated duration of 30 months. The funding campaign has a minimum target of $4 million (€3.6 million) and a maximum of $4.9 million (€4.4 million). To date, over $895 million (€804,000) have been collected.

If you want to find out more details about the launch of the Mamacrowd platform into real estate crowdfunding and the first campaign which will finance a project located in Milan, download the Born2Invest mobile app. Get comprehensive access to global crowdfunding business, stock market, finance news, and trending topics with our companion app.

The G311 Green Living project is certified by Bureau Veritas

The G311 – Green Living project provides for the purchase, development, and sale of an area located in Milan on via Gallarate 311. G311 – Green Living is promoted by the special purpose company G311 srl, controlled by the Milanese company Vitofin. The latter has been successfully operating, since 1980, in the field of real estate development and management. G311 srl, a vehicle set up for the operation and made up of serious and qualified operators in the Milanese real estate sector, who actively participate with a total equity investment of $1.78 million (€1.6 million).

G311 – Green living is certified by Bureau Veritas, a French company that has been on the market for 190 years and is the reference leader for checks and controls to guarantee quality and reliability in real estate and infrastructure projects. The location of the property is strategic, considering that it only takes a few minutes on foot to reach the M1 Bonola stop, a few minutes by car to reach Milan’s western ring road, the A4 Turin-Trieste motorway and the A8 Milan-Varese. The Gallaratese district is also very attractive, thanks to Expo2015 and even more so to MIND (Milan Innovation District), which has made it the new center of Italian innovation.

SEE ALSO  Forced vacation for employees could result in better performance

Three other “generalist” crowdfunding equity portals had decided to expand to real estate: CrowdFundMe and Backtowork which have already launched between last year and this year two campaigns and, more recently, Opstart which announced a dedicated portal.

Mamacrowd is the first Italian platform to offer equity crowdfunding

Mamacrowd, with its first SiamoSoci platform, was the first Italian platform to offer equity crowdfunding in Italy, before the issue of the Consob regulation. In September 2019 the platform opened a $3.34 million (€3 million) capital increase. $2.78 million (€2.5 million) was subscribed, thanks to commitments and payments from shareholders and new investors.

Mamacrowd is the first equity crowdfunding platform in Italy in terms of funding: at the end of June 2019 it was close to (€22 million), as calculated in the fourth Italian Report on CrowdInvesting of the Politecnico di Milano. In the first quarter of this year, the portal closed 5 equity crowdfunding campaigns for $4 million (€3.6 million).

__

(Featured image by Free-Photos via Pixabay)

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.

Isaac Atwood is a PR and marketing consultant who has worked with respected names in the financial industry. He has also sat down in many sessions with startups aiming to become the next unicorn. Isaac loves working with CEOs, business executives, and entrepreneurs who wish to enter the following markets: artificial intelligence, cannabis, virtual reality, cryptocurrencies, robotics, wearable and smart tech, and even the much-hyped space race. He is currently managing the brand portfolio of an Asian firm planning for its IPO by the end of the year. While his engagements have taken him around the world, Isaac is proud to call Toronto his home.