CONTENT
5 5 Reasons Why You Should Invest5 5 Reasons Why You Should Invest
7 The Investment Location7 The Investment Location
- Germany
- Münsterland
- Greven
11 Estate11 Estate
- Key data
- financing
- use of funds
14 the issuer14 the issuer
4 The investment at a glance4 The investment at a glance
21 iFunded risk assessment21 iFunded risk assessment
16 the Investment16 the Investment
- The investment offer
- chances and risks
- The platform
The investment at a glance
warning
The acquisition of this investment involves significant risks and may result in the assets used in the complete loss.
issuer
Type of investment
Funding threshold
Funding target
Investment platform use
Term Fixed Interest Minimum
Investment Amount
400,000 €
Subordinated loans with qualified subordination
dii 101 Immobilien GmbH Akilindastraße
36, 82166 Gräfelfing
500,000 €
Purchase of a residential building in Greven
iFunded.de
18 months (option to be extended twice by 6 months)
5.5% 500
EUR
04
Funding Limit 600,000 €
repayment At maturity
interest payments Every six months to 30.6. and 31.12 for the year
Expected start of the funding period xx.12.2019
05
EXPERIENCED ISSUER
The Issuer dii 101 Immobilien GmbH is a subsidiary of German dii
Invest Immobilien GmbH. The parent company was founded in 2006
and has since become a well-known housing companies
160 employees
developed. German Invest Immobilien manages real estate assets
worth two billion euros.
1
BUILDING WITH rent
increases LNincreases LN
The residential building in Greven is rented on average with 5.60
euros per m². Since, according to the market navigator
Immobilienscout24 at this location a rent of
6.44 euros per square meter is possible, the property has a high
potential for rent increases that can be lifted in the future.
2
INVESTMENT WITH SECURITIES
The investment has several collateral for the investors. The rental
and purchase price claims ceded. In addition, the issuer of the
investment enterprise
no further financing
will commence, which at the same relative to the brokered iFunded
financing or are paramount.
3
ATTRACTIVE INTEREST
For residential investment properties represent 5.5% pa a very
attractive return. A plus is the semi-annual interest payments. In case
of early termination of the investment by the Issuer, initially, from
13 month loans beginning, the lender in addition to the fixed interest
rate is entitled to a one-time payment of a bonus interest rate of 2%
per annum of any unused months of the loan amount. Thus, the
annual return of the lender increases.
4
SHORT TERM
With a planned duration of 18 months and the option of two extensions of six months each, the project is completed in a very manageable for
real estate period. Thus, investors predict the risk of the investment and the possible negative factors easier on the project.
5
5 Reasons Why You Should Invest
LOCATION
Germany
For years, the German real estate market is booming. National and international investors
value Germany as a safe haven. The market for residential and commercial investments
made year after year new records in transaction volume.
This affects not only the metropolitan cities like Munich, Hamburg or Berlin. So the
Münster site benefited from this overall trend.
13.6 billion euros in Q3 2019
RESIDENTIAL INVESTMENTS
The German residential investment market is still booming. The
international property consultant BNP Paribas has registered a
transaction volume of 13.6 billion euros in the third quarter of 2019.
This represents the second best result of the last ten years. BNP
Paribas forecasts that by the end of 2019 a volume of 18 billion
euros. That would be the second best result ever.
08
43.4 billion euros
BUSINESS INVESTMENTS
In the third quarter of 2019, the international property consultants
Savills were traded, according to commercial real estate valued at
43.4 billion euros. It is predicted that in 2019 a new record of 65
billion euros is achieved.
97% consider Germany to be
attractive
TREND BAROMETER 2019
The trend barometer 2019 from EY Real Estate According to hold
97% of investors surveyed Germany for an attractive or very
attractive location for real estate investments. Germany is
considered attractive or very attractive 95% even by European
standards. For the barometer end were interviewed in 2018 about
300 investors who were active in the last few years on the market.
Berlin skyline
MACRO LOCATION
Münsterland
The business location Münsterland includes the city of Münster as a regional center and the four more rural districts Borken, Coesfeld, Steinfurt and
Warendorf. Located in the northwest of North Rhine-Westphalia, the region borders on the Netherlands and Lower Saxony.
growing region
Almost one in ten citizens lives in North Rhine-Westphalia
Münsterland. Especially for the city of Munster, a further increase of
the number of inhabitants is expected to 2030th Contrary to the
general trend - - but also in the districts, the population will remain in
the medium term at least stable.
Here more children and young people (5 to 18 years) than in NRW
average. Accordingly, there is also the nation's most households with
four or more persons (16.8%).
Lowest unemployment rate in NRW
At 4.8%, the unemployment rate is the lowest relatively low in the
cathedral country throughout NRW and the national average.
Professionals here are very sought after and highly sought.
09
68,000 companies
The economy Münsterland is small and
medium-dominated. Around 68,000 companies and businesses are
here. Nevertheless, the region contributes significantly to the economic
strength of the country NRW at: The gross domestic product (GDP) per
capita has increased from 2006 to 2015 by 22%.
The gross value added grew in most industries over the same period
even more significantly than in NRWDurchschnitt.
own airport
With the Münster / Osnabrück airport near Greven, the region has a
European airport and an important employer. Last are 2018 more than
one million passengers departed from this airport.
Münster Prinzipalmarkt
The residence in the Stauffenbergstraße 8-14 is located in a simple
and quiet location. By bicycle to the center of Greven is reached in
about six minutes. There are also all shops for the local supply, such
as Rossmann, Rewe, Aldi and Lidl.
According Immobilienscout24 apartment rents for existing buildings in
the postcode area of the property since 2007 by 33% rose to 6.55 euros
per square meter today. It is also the potential for rental growth of the
condominium can be read, which is rented on average to 5.60 euros per
square meter.
The town of Greven with around 37,000 inhabitants is located in the
district of Steinfurt in the northern part of the Münsterland region is
classified as a medium-sized town in the state development plan of North
Rhine-Westphalia. Good transport links is by the A1 motorway, the
Muenster / Osnabrueck airport (located in Greven) and the
Dortmund-Ems Canal given.
As a result, Greven is an attractive location for logistics and industrial
companies. Therefore, the large parcel and mail center post, the
dispatch center HSE24 and the central warehouse Aldi-Nord have
settled here. The distance to Münster is 20 km and km to Osnabrück
40th
MICRO LOCATION
Greven
10
Investment in the Stauffenbergstrasse
Wester Or Lake in Greven
Warning:
The acquisition of this investment involves significant risks and may result in the assets used in the complete loss.
Year Built
address
lettable
Flat surfaces
residential units
occupancy rate
2620 m²
Stauffenbergstraße 8-14, 48268 Greven
1964
72 m² to 88 m²
32
100%
12
Key data
Net annual rent 175,988.76 euros (5.60 euros / sqm on average)
financing
13
500,000 €
PLANNED MEZZANINE CAPITAL
2,680,000 €
LEVERAGE
1,170,000 €
EQUITY DII
use of funds
The Issuer intends to purchase the house in the Stauffenbergstraße 8-14 in 48268 Greven. The Issuer has secured by priority notice in the land the
property. Besides a first-rate bank loan of
2,680,000 Euros should be included mezzanine capital in the amount of 500,000 euros from private investors. In addition, the Issuer's still 1.17 million
euros in the form of an equity.
During the short-term portfolio management, the average rent should be adjusted to the increasing market rent to the current cash flow of the property
on a permanent basis. In addition to adjusting the rent and modernization measures are examined. In this way, costs can be reduced and the basic
rent be increased as a result. Once homes are vacated by extension, it is checked whether the modernization is structurally and economically viable.
The costs are to be covered primarily with ongoing rental income.
If market conditions are plans to sell the house globally within the next two to three years.
Due to the current rental income, it is possible for the Issuer to make the first interest payment is already late June 2020th The subordinated loan
(including interest) may ultimately be repaid by selling the property.
purchase price
MEASURE
Purchase additional charges
total
Financing costs (incl. Fees, without interest)
390,000 €
COSTS *
3,920,000 €
40,000 €
4,350,000 €
Total
4,350,000 €
* The cost data correspond preliminary assumptions and may differ in their scope and their weighting.
The Issuer and its shareholders
15
FRANK Wojtalewicz
Executive Partner
• Mechanical Engineer
• AMP / MBA from Harvard Business School
• COO / CEO in various capacities: Lafarge Roofing in the United States, China, England,
Germany
• COO: Pfleiderer AG, Germany
• CEO: Uralita AG, Madrid
SASCHA Hertach
Managing dii Investment GmbH
• Degree in Business Administration and a banker
• Management positions and consultant at various real estate
company: Home & value Immobilien GmbH, Corpus real estate group, Schroder Property
Invest Luxembourg
• Consultant for banks, investment companies and insurance companies: DSL Bank, Sparkasse
Cologne-Bonn, German Herold, Capitan
DII GERMAN INVEST REAL ESTATE GMBH (DII)
The Issuer dii 101 Immobilien GmbH is a subsidiary of German dii Invest Immobilien GmbH. The parent company was founded in 2006
and has developed into a renowned asset manager with 160 employees since then.
It aims to increase the value of residential property in the portfolio by making targeted investments. Through a highly focused investment
and development strategy in residential real estate in the immigration regions such as North Germany, Rhein-Main, Rhine-Ruhr and
Rhine-Neckar achieve the co-investment returns that are above market levels. The dii sees itself as a fully-integrated asset manager that
all value creation levers maps internally. The managed assets under management currently amount to about two billion euros.
The investment offer
In the present deal is a subordinated loan. It should be collected in total up to 500,000 euros for investors that can participate with a minimum
investment of 500 euros. In return they receive a semi-annual coupon of 5.5% pa with a term of 18 months from the funding end. Borrower is
dii 101 Immobilien GmbH, wants to purchase with the capital a house in Greven, North Rhine-Westphalia.
issuer
Type of investment
Investor target group
Funding threshold
Minimum investment amount
Term Fixed
Interest
repayment
interest payments
Type of income for the investor
Private and semi-professional investors subordinated loans
with qualified subordination
dii 101 Immobilien GmbH, Akilindastraße 36, 82166 Gräfelfing
400,000 €
500 euro
5.5% pa
18 months (option to be extended twice by 6 months)
At maturity
Every six months to 30.6. And 31.12. the year in investment
income
17
Funding threshold
Usage funding limit
Charges to Investors
Investment platform
500,000 €
600,000 €
Purchase of a residential building in Greven
No
iFunded.de
Expected start of the funding period xx.12.2019
Warning:
The acquisition of this investment involves significant risks and may result in the assets used in the complete loss.
chances and risks
18
+ Fixed rate of 5.5% per annum
OPPORTUNITIES
+ No fees for the investor: neither Agio ongoing
management fee
+ There is an obligation for investors
+ Semi-annual interest
+ Short term of 18 months
- It may be that the real estate market in
Münsterland cools and it makes it more difficult
to find a buyer for the apartment building in
Greven.
RISKS
- For investors, the risk of a total loss in terms of
brokered iEstate investment there.
- It is conceivable that the investor finances, for
example the respective investment amount
individually alien (eg bank loans) may evolve which
payment obligations. This can lead individually to the
insolvency of the investor, where it is no longer in a
position to their individual payment obligations to
use.
19
THE PLATFORM
The investment can be made, which is operated by the iEstate GmbH in Berlin only about the platform iFunded.de. iFunded opens the world of
real estate for interested investors and bring them with leading property developers and real estate developers to jointly invest in selected real
estate projects together. Thus iFunded provides access to exclusive project financing, which until now were reserved for institutional investors.
iFunded risk assessment
the risk is determined by a standardized procedure of our real estate experts for each project on iFunded.
There are nine criteria as a whole, using which the project risk is estimated. Depending on the severity of the individual risk criteria risk points are
awarded and added at the end. Depending on the number of risk points, the real estate project is classified into one of five risk categories.
There is the risk categories A to E, with A being low risk and E is risky. The evaluation scheme is on the following pages. The GREVEN
MÜNSTERLAND project is a total of 15 risk points, and thus classified in risk category B. This risk assessment is made up as follows:
20
GREVEN-MÜNSTERLAND
Note: iFunded does not provide investment advice and meets with the above risk assessment, no statement as to whether the investments of individual Note: iFunded does not provide investment advice and meets with the above risk assessment, no statement as to whether the investments of individual
risk appetite corresponds to an investor. Own risk assessment must be carried out even in principle by the investor and is not replaced by the risk
assessment of iFunded. The risk assessment is based on standardized criteria that are measured at inception of investment. The actual course of the
investment in the future may be less favorable. Even at a low risk classification, there is a risk of loss or even total loss.
risk criterion shaping risk points
A TOTAL OF
15
debt ratio 62%
3
equity ratio 27% 2
Macro location
Münsterland 4
micro location Greven
2
occupancy rate 100% 0
tenant number > 10 0
phase of development
Existing properties without
maintenance backlog
0
experience issuer Total investment volume> 2 billion euros 0
collateral Personal guarantee
mortgage second rank
Negative Pledge
assignment rent and
Purchase price claims
2
2
0
0
Risk-assessment scheme
21
1 WHAT IS THE DEBT RATIO?1 WHAT IS THE DEBT RATIO?
0% 1% - 49% 50% - 59% 60% - 69% 70% - 79%
0 1 2 3 4
2 WHAT IS THE EQUITY RATIO?2 WHAT IS THE EQUITY RATIO?
> 40% 30% - 39% 20% - 29% 10% - 19% 0% - 9%
0 1 2 3 4
3 HOW GOOD IS THE QUALITY OF MACRO LOCATION?3 HOW GOOD IS THE QUALITY OF MACRO LOCATION?
Berlin, Hamburg,
Munich, Cologne,
Dusseldorf, Stuttgart,
Frankfurt
All other state capitals City with at
least
200,000
inhabitants
City with at
least
100,000
All other cities
0 1 2 3 4
4 HOW GOOD IS THE QUALITY OF THE MICRO LOCATION?4 HOW GOOD IS THE QUALITY OF THE MICRO LOCATION?
Inner-city location
with easy access.
Close proximity to
an urban location.
Residential area with good
care.
On the outskirts with connections
to public transport.
The suburbs with no connection
to public transport.
0 1 2 3 4
Risk-assessment scheme
22
8th WHAT IS THE TOTAL INVESTMENT VOLUME OF THE PROJECT8th WHAT IS THE TOTAL INVESTMENT VOLUME OF THE PROJECT
DEVELOPER SO FAR HAS akimbo?
> 250
million
euros
200 to 249
million euros
100 to 199
million euros
50-99
Mio- €
<50 million euros
0 1 2 3 4
5 WHAT IS THE RENTAL STAND OF THE PROPERTY?5 WHAT IS THE RENTAL STAND OF THE PROPERTY?
> 90% 70% - 89% 40% - 69% 19% - 39% <19%
0 1 2 3 4
WHAT GUARANTEES ARE AVAILABLE?
9 If the developer filed a personal guarantee?9 If the developer filed a personal guarantee?
Yes = 0; No = 2
Is there a mortgage second rank as security for the crowd? Yes = 0; No = 2
Is there a negative declaration or profit transfer claims? Yes = 0; No = 2
6 HOW MANY TENANT HAS THE PROPERTY?6 HOW MANY TENANT HAS THE PROPERTY?
> 10 6-10 2-5 1 0
0 1 2 3 4
7 WHAT DEVELOPMENT PHASE IS THE PROPERTY?7 WHAT DEVELOPMENT PHASE IS THE PROPERTY?
Existing property with no
maintenance backlog
Bestandsimmobi l ie with
little maintenance backlog
Bestandsimmobi l ie with
core rehabilitation needs
new
0 1 2 3 4
L ie with Bestandsimmobi
much ser-
entertainment jam