With this proposition, you are investing in the second floor of a long-term leased hotel building in Amstelveen. The intended term of this proposition is 36 months, with a fixed annual interest rate of 7.5%. The first phase of this proposition has already been successfully placed and is in operation. As an investor, you receive security through a first mortgage right and a pledge on the rental income. The loan-to-value (LTV) of the underlying asset amounts to 79.8%.
The hotel building is located in the northern part of Amstelveen, just 8 kilometers from the center of Amsterdam. The property has been leased for a period of 18 years to a renowned hotel operator. In total, the building comprises 151 apartments and studios, with this proposition specifically covering the second floor.
The loan is provided to the project owner to refinance the existing bank loan and to partially release equity. The collateral has long been owned by a company affiliated with the initiator and has been successfully operated. Over the past decades, the initiator has carefully built a diversified real estate portfolio in Amsterdam and its surrounding region.
Key features of this proposition:
Fixed annual interest rate of 7.5%
Intended term of 36 months
First mortgage right
Pledge on rental income
Loan-to-value ratio of 79.8%
Long-term lease (100% occupancy)
Renowned hotel operator
Stable rental income
Good maintenance condition
Experienced project owner
Monthly interest payments
Interest accrues immediately upon deposit
One-time brokerage fee of 0.45%