Financing volume amounts to 48.75 million euros with a two-year term - Whole-loan financing enables 49 eligible residential units in addition to freely financed development - First life-cycle project in the LINUS Digital Finance portfolio
LINUS Digital Finance issued the financing for the construction of a building in Berlin-Wilmersdorf in June 2021. In a first step, the Berlin-based FinTech had already financed the purchase of the corresponding land. The financed project development is the first life-cycle investment in the LINUS Digital Finance portfolio.
Together with an institutional investor from the insurance industry, LINUS Digital Finance is enabling the construction of 59 condominiums with a total living space of 5,247 m² as well as the planning of a further 157 units with a total living space of 14,053 m², 49 of which are planned as subsidised units.
"After we had already accompanied the purchase of the land with a whole-loan in December 2018, we are now particularly pleased to be able to accompany the project in the building construction as well as in the further planning phase with the same partner," comments Lucas Boventer, Managing Director - Investments at LINUS Digital Finance. "The whole-loan segment continues to develop dynamically and is an integral part of project financing. We want to be even more active here in the future."
LINUS Digital Finance recently provided whole loan financing in Neu-Isenburg as bridge financing for office properties and in Leipzig for a mixed-use project development.
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 almost 600 million euros in real estate projects since the company was founded in 2016, of which around 450 million euros came from co-investors, thus financing a total project volume of over 1.5 billion euros. Around €35 million in interest has been distributed to Linus Digital Finance AG investors to date. Linus Digital Finance AG is listed on the regulated market (General Standard) of the Frankfurt Stock Exchange.
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