- Renewed whole-loan financing for land acquisition of 12.8 million euros - Separate mezzanine financing for structural upgrading of 16.5 million euros - 9,300 m² of living space with 78 units in the upper price segment planned
LINUS Digital Finance recently provided financing for two high-quality residential projects in Berlin-Charlottenburg totalling €29.3 million.
On the one hand, the Berlin-based real estate FinTech has granted a whole-loan financing for the purchase of land for a project comprising a total of 20 residential units on 2,800 m². The loan amounts to almost 12.8 million euros with a 24-month term.
In addition, LINUS Digital Finance is providing mezzanine financing for another project in Berlin-Charlottenburg. As part of structural upgrading measures, 58 high-quality residential units and a childcare facility are being built on a total of 6,700 m². With a term of 24 months, the loan amounts to up to 16.5 million euros.
"We are delighted to have financed two exciting residential projects in one of Berlin's most prominent residential locations, further strengthening our relationships with two renowned nationwide developers," said Lucas Boventer, Managing Director - Investments at LINUS Digital Finance, commenting on the transaction.
About LINUS Digital Finance:
Linus Digital Finance AG finances real estate projects with debt and mezzanine capital via a private debt fund it manages and enables semi-professional, professional and institutional investors to participate in these investments via a digital platform. The term of the loans is usually between six and 48 months.
A subsidiary of Linus Digital Finance AG is supervised by BaFin as a capital management company (KVG). Together with co-investors, the funds and investment companies managed by Linus Digital Finance AG have invested more than €630 million in real estate projects since the company was founded in 2016, including around €450 million from co-investors, thus financing a total project volume of almost €2 billion. Around €38 million in interest has been distributed to Linus Digital Finance AG investors to date (as of July 2021).
Linus Digital Finance AG is listed on the regulated market (General Standard) of the Frankfurt Stock Exchange. Linus Capital Ltd. is the UK subsidiary of Linus Digital Finance AG and an Appointed Representative of Infinity Asset Management LLP, which is authorised and regulated by the Financial Conduct Authority (FCA).