Hi,
This e-mail outlines a very lucrative and genuine opportunity. The reason I have developed this opportunity is that I have been in the property market for 14 years and have alot of experience and have built up many contacts. The reason why I am offering the opportunity out is that I am doing it myself and am able to manage further projects at the same time.
The outline (specific details withheld - will talk more to interested parties) are:
- Purchase of small blocks of apartments that need renovation - Western Europe.
- These blocks cost between 100,000 - 150,000 euros
- Renovation costs are typically the same as the purchase cost.
- The end value is typically double the investment.
- Commercial remortgage at 70% LTV (up to 100,000 euro can be taken out).
- Yield on apartments after remortgage is 10 - 12% (20 year 5.5% fixed repayment mortgage - illustration only)
- Healthy market for individual resale and a high demand for rental apartments.
- If an investor does not have the investment funds then Property Fit can arrange finance through a private bank at base + 2-3% at 100% of total project.
- 100% Private bank finance requires 2nd charges of up to 150% of loan (more info on request).
- Property Fit have an exclusive contract with an English contractor who has lived in Western Europe for 20 years and is very experienced in developing small apartment blocks.
- Property Fit project manager is fluent in local language and visits the area every 3 weeks.
Please contact me if you would like to discuss this opportunity. Property Fit will charge a project management fee.
Regards, Fraser
Fraser Macdonald - Property Fit
www.property-fit.com
fraser@property-fit.com
07941 100840
...managing property investment on your behalf