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Post by buttchopf23 on Jul 22, 2018 18:08:27 GMT
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Post by Baiba on Jul 23, 2018 16:27:44 GMT
Update from Bulkestate: new investment opportunity in Riga with great returns. It is an opportunity with a higher return rate than usual. The property is located in the very centre of the Riga city with proximity to the city’s most popular business, commercial and entertainment areas. Development project involves an acquisition of land and unfinished structure of the building with subsequent construction and sale of apartments or offices. A quick overview of the loan:  Annual return: 17% (+2%*)Loan to value (FLTV): 33%Loan amount: €380,000Loan period: 12 monthsSecurity: equity*Bulkestate Incentive PaymentInvestors who invest €10,000+ will receive 1% incentive payment from the invested amount. Investors who invest €25,000+ will receive 2% incentive payment from the invested amount. Let me know if you have any questions. Happy investing! More information on the website. |
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Post by buttchopf23 on Jul 23, 2018 17:42:57 GMT
Could you elaborate on the fltv? Why do you think this is a good number to publish? For me it is misleading to some extent.
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Post by Baiba on Jul 24, 2018 10:03:32 GMT
Could you elaborate on the fltv? Why do you think this is a good number to publish? For me it is misleading to some extent. Sure, the future value represents the sales price for a refurbished property as defined by an independent valuer based on the changes which are outlined in the refurbishment plan. Loan to value (LTV) is calculated for the property 'as is' without consideration for refurbishment or other improvements. Future value involves higher risk as this value is available when respective construction or renovation works are completed. To reduce the risks involved, we look at multiple factors including company fixed capital, other assets owned by the company as well as we require an additional guarantee from the owner of the company. We finance only projects, where we have confidence in experience and capacity of the developer to ensure completion of these works on time and on budget. Hope this helps.
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Post by buttchopf23 on Aug 1, 2018 20:56:43 GMT
My 2nd loan was repaid today, yeah
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Post by Baiba on Oct 1, 2018 11:24:08 GMT
Update from Bulkestate: new investment opportunity in Riga with 13% annual return. Our client will acquire commercial premises on Nometnu Street 18, Riga (605.9 square metres) with an intention to find long-term tenants and participate in a refurbishment of the building’s facade. Then it will be sold to investors looking for stable lease income in high-quality properties. The building is a part of Riga’s famous Art Noveau collection, a 4-storey apartment building in the Āgenskalns district. The surrounding area is a mix of residential houses and light commercial facilities. It is a convenient location, only 10 minutes away from the city centre and 15 minutes from the Riga airport. A quick overview of the loan: Annual return: 13% Loan to value: 50% Loan amount: €140,000 Loan period: 12 months Security: mortgage More information here.Happy investing! |
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Post by gaudente on Dec 18, 2018 11:38:57 GMT
I just opened an account at Bulkestate and wanted to make an initial deposit of about 600 EUR , but the website issues an invoice calling me a "buyer" like I was settling a purchase from them instead of making a deposit for investment.
Money used to pay "invoices" cannot be asked back ! Have you ever tried to withdraw money from this platform ?
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Post by spaaps on Dec 21, 2018 23:35:38 GMT
Just got loan repayed and initiated withdrawal. Let’s see next week how it goes.
EDIT: went smooth.
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Post by Peter Michael on May 30, 2019 14:59:57 GMT
I just opened an account at Bulkestate and wanted to make an initial deposit of about 600 EUR , but the website issues an invoice calling me a "buyer" like I was settling a purchase from them instead of making a deposit for investment. Money used to pay "invoices" cannot be asked back ! Have you ever tried to withdraw money from this platform ? I have asked Bulkestate about this invoice and it's because they didn’t have a virtual account developed to begin with. You can read their full answer in my Bulkestate review
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Post by mickeyfromfrance on Jun 28, 2023 13:30:19 GMT
Here is a Client review after more than a year of experience :
9 projets :
2 reimbursed
4 delayed since more than 90 days (money is maybe lost or maybe not)
3 still under way
The final result is : they take the money, the project is delayed, you loose.
From my experience : Prepare to engage your funds for a very long long long time (forever ?).
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Post by captainconfident on Jun 28, 2023 18:08:53 GMT
Thanks for the warning. I'm aware of this platform but was never tempted. While Mintos, Viainvest, Peerberry are rock steady these days, the real estate p2p is a lot more risky. Some of the aforementioned sites like Peerberry offer similar real estate investment interest rates, but with a buyback guarantee.
Let's check Estateguru, my main exposure to this market: They have not been having a good time recently after a disastrous venture into Germany. I have 36% in default. While I'll admit that EG have a good record of recovering at least the capital element of such defaults, it does take years to do this in most cases. Stick with buyback guarantees is my advice.
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