Walliance Successfully Closes First Real Estate Lending Crowdfunding Operation

The real estate investment portal Walliance has successfully closed its first lending crowdfunding investment campaign, for the “La Torriani” real estate project in Cologno Monzese, in the province of Milan.

The campaign raised €2 million with the participation of over 400 investors who will enjoy a gross annual rate of 14% for a total financing duration of 18 months.

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The La Torriani project

The project is developed by the company Officine Mak , a construction company that had already presented several initiatives on Walliance, for a total capital raising of over €15 million.

This latest initiative is part of a broader development plan called “La Torriani”, which includes the construction of 6 buildings and a 12-storey tower, for a total of 240 residential units in Cologno Monzese.

Officine Mak’s mission for La Torriani is to redevelop an abandoned area to encourage sustainable urban development.

The funds raised are intended to contribute to the initial costs for the development of the operation, including soft costs and acquisition, already partly supported by Officine Mak.

This crowdfunding campaign took place at the same time as another equity fundraising campaign for the “Paris Asnières, Eden River” project on the banks of the Seine, further expanding the scope and diversity of investment opportunities offered by the platform Walliance.

With the success of the “Milan, La Torriani” campaign, Walliance reaches the significant figure of 60 real estate projects financed through its investment platform, confirming investors’ trust in the real estate crowdfunding model offered by Walliance.

Who is Walliance

Walliance was founded in Trentino (Italy) in 2016 and was the first equity crowdfunding platform in Italy to have received authorization from CONSOB for the collection of risk capital for real estate projects. The first project was launched in September 2017.

In November 2023 Walliance acquired Lymo Finance, the first real estate crowdfunding portal launched in France. To date, therefore, the Walliance group has a total of 156 financed projects, with a total volume of investments amounting to €164 million.

In the same month, Walliance obtained authorization as a crowdfunding portal at European level, as well as that to also operate as a Securities Brokerage Company (SIM) in Italy and, in the freedom to provide services, also in France and Spain.

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(Featured image by neelam279 via Pixabay)

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