Yeldo is a real estate developer based in Germany with offices in Lugano and Milan that has about half a billion euros in financed projects to its credit since 2018 in Switzerland, Italy, and Germany. The company has launched Yeldo Crowd, a new real estate equity crowdfunding platform authorized by Consob and managed through its subsidiary Y-Crowd srl.
If you want to find more details about Yeldo Crowd and find the most important business news of the day, download for free our companion app Born2Invest.
Yeldo Crowd is extending to “affluent” retail the opportunities offered to professional investors
The platform replicates what Yeldo has done so far for its professional investors who invest with Yeldo from a minimum of €125,000 and has repaid six projects for an average net return (Irr) of 14.7 percent.
The goal of the crowdfunding portal is to enable retail investors to invest in real estate projects, although the entry fee remains quite high: €10,000.
Yeldo Crowd was created, therefore, to extend Yeldo’s offerings to retail investors while maintaining the same approach to investment in terms of collateral, preferential repayment terms, and benefiting from the experience of a real estate team, led by Chief Investment Officer Lorenzo Belloni and supported by an advisory board composed of industry experts. Belloni has a background at Morgan Stanley Real Estate Investments and Angelo Gordon Real Estate Investments.
“With Yeldo Crowd we are taking one more step towards our mission of democratizing institutional real estate investment,” explained Antonio Borgonovo, CEO of the Yeldo Group, “by reducing the minimum investment ticket to €10,000 but keeping our principles firm: great attention to the selection and due diligence of projects, search for mechanisms of capital protection and return for our investors, but above all ease of underwriting and information transparency, through technology.”
The first campaign on Yeldo Crowd
The first campaign launched on Yeldo Crowd, which complements the bank financing already provided by a leading Italian institution has a minimum goal of raising €2 million and a maximum goal of €3 million and to date has raised €1.22 million.
The funds will be used to redevelop a residential complex located at Via Chiusi 5 in Florence, which was built in 1980 by the Italian Postal Service Group and is now owned by Bluecap srl, a subsidiary of AD Casa srl, equity sponsor of the deal, a real estate developer with more than 15 years of activity in Tuscany and Florence.
The project involves the complete renovation of the complex and the fractional sale of 85 apartments and includes energy efficiency upgrades, which will bring the property from energy class G to A.
Work started in January 2022 and today 75% of the work has been completed with 52% of the housing units pre-sold.
Construction is scheduled to be completed in September 2023 and the expected life of the investment is about 18 months, with an expected Roi of 18.6%, equivalent to an expected Irr of 12.0%.
As often expected in real estate equity crowdfunding campaigns, investors of benefit from a liquidation preference of both the invested capital and the return over the equity sponsor.
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.
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [++ KuCoin Affiliate Program Review]
This week, we answer the two questions on everyone’s lips — What do SJWs and e/accs have in common? And...
BIPV Boom: By 2032, Building Integrated Photovoltaics Will Be Worth Over $143B
The next moves by the European Commission and the trend toward a real estate stock composed of Zero Emission Buildings...
French Fintech Company Qonto Launches SME Financing in Italy
Qonto is expanding its financial solutions for SMEs and professionals in Europe, launching the option for companies in Italy to...
Trusters and Leone Investments Finally Receive Approval Under EU Regulation
After almost a month under the new EU Regulation, two platforms, including the historic Trusters launched in 2018 and the...
Coinbase Wallet Has a New Feature: Send Crypto via Web Link
The exciting part is actually in the small print: This is because Coinbase covers the fees for transactions via stablecoin...
Biotech1 week ago
Mediquo Is Committed to the International Market and Aims to Double Sales in 2024
Africa3 days ago
Burkina Faso and the United Nations Review the Achievements of the Peacebuilding Fund
Business2 weeks ago
Vivid Seats Acquires Vegas.com in $240M Transaction — Is Restaurant.com [RDE, Inc. | OTCQB: RSTN] Next in Line?
Markets7 days ago
Gold Made a New All-Time High This Week