Project Feldafing

Prime Residential Development Loan

* The completed project will include 88 residential apartments across 6 buildings, 6 rent-controlled units, 300 m2 of commercial space and 146 parking spaces, all built to EH40 environmental and ESG standards. 

* Prime location by Lake Starnberg around 45 minutes from Munich by car or train. Popular destination for residents and second homeowners with golf courses nearby, sailing, sports-facilities, & panoramic views of the surrounding mountains. 

* Limited supply and no comparable pipeline and the developer has already received strong interest from buyers with LOIs received for over 50% of the scheme at prices higher than the most recent valuation.

* The development is being completed by an experienced local developer and 93% of the remaining cost is covered under a fixed price contract with a top-tier general contractor.

* The senior whole loan facility refinances the incumbent lender and provides the developer with capital to complete the remaining construction.