Amstelland (Kopie)

First mortgage right and a loan-to-value ratio of 63%

With this proposition, you are investing in commercial space with an upstairs flat in Ouderkerk aan de Amstel and several properties in the same region. The intended term of this proposition is 36 months and the fixed interest rate is 7.75% per annum. As an investor, you will receive a first mortgage and pledge of the rental income as security. The loan-to-value ratio of the underlying value is 63%.

The commercial space with upstairs flat is located on Dorpsstraat in Ouderkerk aan de Amstel. The second property consists of 26 hotel rooms in a long-term leased hotel building, 8 kilometres from the centre of Amsterdam. As additional security, two single-family homes in Amsterdam and Almere are also part of the underlying value.

The loan is being granted to the project owner to repay the current bank loan and partially release the surplus value. The collateral has been owned by an affiliated company of the initiator for some time and is being successfully exploited.

Key features of this proposition:

  • Fixed interest rate of 7.75% per annum;
  • Target term of 36 months;
  • First mortgage right;
  • Pledge of rental income;
  • Loan-to-value ratio of 63%;
  • Occupancy rate of 100%;
  • Diversified portfolio in the Amsterdam Metropolitan Area;
  • Excellent state of maintenance;
  • Experienced project owner;
  • Monthly payment;
  • Immediately interest-bearing from deposit;
  • One-off brokerage fee of 0.45%.

Projected return

The graph below shows the cumulative return over the term at a fixed interest rate of 7.75% per annum. In the example below, a total of £1,162.50 in interest is paid out on a deposit of £5,000 over the entire term of the proposition. The first and accrued interest is paid in the month following the conclusion of the proposition. You will then receive the fixed interest amount monthly in arrears. At the end of the intended term, you will be repaid through refinancing or sale of the properties. The presented return forecast is based on expected market conditions and project planning. There is no guarantee that these results will actually be achieved.

Cumulative return during the funding period

Investment €5,000
Fixed interest 7,75%
Estimated duration 36 months
Total return €1,162.50

Crowdrealestate valuation

Crowdrealestate has assigned this investment a risk rating of A (Defensive). Partly due to the first mortgage with sufficient equity, the full occupancy rate and the favourable location in the Amsterdam Metropolitan Area, this is a stable and solid investment. Although this investment is considered defensive, investing through crowdfunding always involves risks, including the risk that you may lose your entire investment. Please refer to the Essential Investment Information (EBi) sheet for a detailed description of the risks.

A
23 22 21
B
20 19 18
C
17 16 15
D
14 13 12
E
11 10 9
Mortgage right Crowdrealestate investors receive the first mortgage right. 5 points
Loan-to-value The loan-to-value ratio based on the appraised market value in its current condition is 63%. 2 points
Match locatie met sector The central location of the property is well suited to the needs of the tenants and stable demand for the proposition. 3 points
Bezetting The properties are fully let. 3 points
Projectfase The project concerns existing buildings, which entails fewer risks compared to projects in the development phase. 3 points
Trackrecord The initiator has owned the objects for quite some time. 3 points
Looptijd The intended duration is 36 months. 3 points
Extra zekerheid Pledging of rental income. 1 points
Total 23 points

How does Crowdrealestate valuation work?

Please note: Crowdrealestate valuation is intended to provide you, as an investor, insight into the key characteristics of this project and is not an internal screening model of Crowdrealestate. This project was extensively screened by Crowdrealestate prior to placement.

Funding structure

The loan is provided to the project owner to repay the current bank loan and partially release the surplus value. The threshold amount for this proposition is €500,000. The target amount has been set at €5,000,000. As an investor, you will receive a first mortgage and a pledge of the rental income as security.

The property in the centre of Ouderkerk aan de Amstel has been valued at a market value of €865,000 in its current condition. The 26 hotel rooms on the third floor and part of the fifth floor of an aparthotel in Amstelveen have been jointly valued at a market value of approximately €6,740,000. In addition, a first mortgage has been established on 50% of two homes in Amsterdam and Almere with a market value of €310,000.

The total market value of the underlying properties is therefore approximately €7,915,000. Based on the maximum principal amount of the loan of €5,000,000, the surplus value is €2,915,000, resulting in a loan-to-value ratio of 63%. The underlying value of the mortgage registration is therefore more than sufficient to cover the loan.

The securities for the benefit of the investors are registered in the name of Crowdrealestate's independent foundation. The foundation initially obtains a second mortgage right, which will become a first mortgage right after the planned repayment and cancellation. In addition to the mortgage right, additional securities apply, such as a rental pledge and a DSCR and LTV covenant. A complete overview of all applicable covenants and securities is included in the parallel debt agreement.

Investors Crowdrealestate €5,000,000 First mortgage right
Surplus value €2,915,000
Total scale €7,915,000

Project description

The property in Ouderkerk aan de Amstel is a commercial building in a prominent location in the village centre. The commercial space has a lettable floor area of approximately 70 m² and benefits from good visibility and high footfall. This central location makes the property particularly suitable for retail. Above the shop is a spacious upstairs flat with a similar lettable floor area, which makes the property particularly attractive for combined use or letting in separate segments.

The second property consists of 26 hotel rooms, located on the fourth and partly fifth floors of a hotel building in Amstelveen, in a strategic location close to both the centre of Amsterdam and Schiphol Airport. This location makes the hotel attractive to both tourists and business travellers. The location is easily accessible via the A9 and A10 motorways, as well as by public transport. The entire hotel complex comprises 151 apartments and studios, which are operated by a renowned hotel operator.

The hotel offers extensive facilities, such as a fitness room and a dry cleaning service for guests. The reception is open 24 hours a day and there is a parking garage on site that is easily accessible to hotel guests. The total plot area of the hotel, including the adjacent parking facilities, is 6,143 m².

The central location in Amstelveen, close to Schiphol Airport and Amsterdam, makes the hotel an attractive destination for international guests and business travellers looking for comfortable accommodation close to major transport routes and urban centres.

In addition, two fully let single-family homes in Amsterdam and Almere form part of the underlying value. These properties serve as additional collateral for the proposition and contribute to extra diversification within the underlying value.

Market description

Ouderkerk aan de Amstel benefits from urban dynamism and excellent accessibility. Its location near Amsterdam, combined with its village character and high quality of life, makes Ouderkerk particularly attractive to tenants in both the residential and retail markets. Demand for commercial space is growing, particularly in the luxury segment, where high-quality supply is scarce. The limited vacancy rate and strong local purchasing power provide a solid rental base and make investments in retail space attractive. For tenants, this offers opportunities in an environment with a loyal, affluent target group.

The housing market in Ouderkerk aan de Amstel offers tenants a quiet and high-quality alternative to the Amsterdam housing market. Rents are on average slightly below the level of the capital, but often show stronger percentage growth. Due to the high occupancy rate and limited turnover, the housing supply is limited, leading to sustained demand, particularly in the mid-range and higher rental segments. Tenants benefit from the high quality of living, the green surroundings and excellent accessibility by both car and public transport.

Ouderkerk aan de Amstel offers excellent commercial opportunities thanks to the high purchasing power of its residents and the continuing demand for luxury amenities. This charming village is popular with households with above-average incomes and also attracts an increasing number of tourists and day trippers thanks to its location on the Amstel River and its proximity to Amsterdam. This combination increases the attractiveness of commercial spaces and ensures stable rental income within the village.

For tenants of retail and hospitality spaces, Ouderkerk aan de Amstel is a distinctive location. The strong local spending power, combined with the tourist potential, offers entrepreneurs a solid basis for exploitation. Demand for commercial space is structurally higher than the available supply, resulting in low vacancy rates and stable rents. Thanks to its small-scale character, historic ambiance and affluent population, Ouderkerk is ideal for high-end retail, specialist shops and hospitality.  

The hotel market in Amstelveen benefits greatly from its proximity to Amsterdam and Schiphol Airport. Due to the limited availability of new hotel developments in Amsterdam, investors and operators are shifting their focus to surrounding cities such as Amstelveen, where there is more room for growth. This strategic location makes Amstelveen attractive to both business travellers and tourists which contributes to a high occupancy rate.

In 2023 and 2024, the hotel market in the Netherlands will have further recovered from the impact of the pandemic, with occupancy rates returning to pre-pandemic levels. In the Amsterdam region, which includes Amstelveen, occupancy rates have risen significantly and high demand for hotel rooms is expected, particularly due to the increased flow of tourists and the recovery of business travel.

Occupancy rates in hotels in and around Amsterdam, including Amstelveen, are now back at or above pre-2020 levels. This is partly stimulated by the limited expansion of hotels in Amsterdam itself, which is attracting investors to nearby cities such as Amstelveen. As a result, demand for accommodation in this region remains high, contributing to stable rental income and an attractive investment climate for hotel projects.

The Amsterdam housing market continues to show resilience with a positive outlook for 2024, especially for rental properties. Strong demand for rental properties is supported by a growing economy and high employment levels. Analysts at CBRE and Rabobank predict a stable to slightly upward trend in rents for the coming period. With average rents remaining in line with growing demand, occupancy rates are likely to remain high and values to increase further.

The housing market in Almere continues to develop strongly, with positive prospects for 2025, particularly in the rental segment. Sustained demand is reinforced by population growth, limited availability of social housing and the strategic location near Amsterdam. There is increasing scarcity and rising rents, particularly in the mid-range rental market. The owner-occupied market is also showing strong price increases, partly due to a structural shortage of housing and lagging new-build production. The high occupancy rate of rental properties contributes to stable income and value growth, while the vacant value of homes is significantly higher than the rental value, which offers interesting opportunities for future sales.

End user

The property in Ouderkerk aan de Amstel is fully let. The commercial space is used as a shop and the upper floor as an apartment. The total annual rental income amounts to approximately €29,342. The market rent has been set at approximately €33,200 per year.

The 26 hotel rooms have been operated by Adagio, part of the Borealis Hotel Group, since 2018. Adagio has a long-term lease that runs until 2043, ensuring stable rental income. Adagio focuses on offering extended stay hotels, which are popular with both business travellers and tourists seeking flexibility and comfort.

The Borealis Hotel Group is a fast-growing European hotel chain that develops, owns, operates and manages various types of hotels. Its portfolio includes focus-service, full-service hotels and extended stay hotels such as Adagio. The group was founded in 1997 and has since built up a strong position in the hospitality sector.

In addition, the two single-family homes in Amsterdam and Almere generate combined rental income of approximately €36,500 per year, already adjusted in line with current rental legislation.

Underlying organisation

The loan is being granted to project owner Mondriaan 30 B.V. for the refinancing of the property. This loan will be used to repay the current bank loan and partially release the surplus value. The initiator will use this surplus value to expand the property portfolio.

The initiator has been managing the properties for some time and has proven to be successful in operating a carefully constructed and diversified property portfolio, consisting of both residential and commercial properties.

The crowdfunding services offered by Crowdrealestate are not covered by the deposit guarantee scheme. This means that investments you make through our platform are not protected by the statutory deposit guarantee scheme that applies to savings held with banks. Likewise, investors cannot claim compensation under the investor compensation scheme. Therefore, you run the risk of losing your entire investment without any right to compensation.

In line with European regulations, we advise non-experienced investors not to invest more than 10% of their freely investable assets in crowdfunding projects. This recommendation helps you to spread your financial risks and invest wisely. For more information about this guideline, please refer to the Key Investment Information Sheet (EBI).

As an investor, you have a statutory reflection period of four days after completing your investment. Within this period, you can withdraw your investment without giving any reason and without incurring any costs. This allows you to carefully reconsider your investment decision. Please contact Crowdrealestate if you wish to make use of this withdrawal period.