Invite your loved ones to invest with Foxstone and let them benefit from stable rental income thanks to real estate crowdfunding.
As the holiday season approaches, Foxstone rewards its ambassadors! Invite your loved ones and receive CHF 1’000 if they make an investment.
Invitez vos amis
Invite your loved ones to invest with Foxstone and let them benefit from stable rental income thanks to real estate crowdfunding.
If a person you invited between November 24, 2020 and December 24, 2020, registers and makes an investment via the platform during this same period and if the transaction is concluded, you will receive a bonus of CHF 1'000 .- This offer is limited to the first 10 people making an investment and ends on December 24, 2020.
Foxstone offers you a premium of CHF 1'000.00 paid directly into your bank account, once the purchase of the property has been completed.
Co-ownership consists of gathering investors to acquire together proffitable and already rented yield building.
With my family we were looking for an investment with a very low level of risk, ideally in Swiss real estate, in order to secure an inheritance and get a return on it. In addition to relieving us of all the administrative troubles related to the management of the property, Foxstone allowed us to avoid potential family conflicts because instead of investing a common sum, each of us was able to invest in his own name.
A year ago, I came across an article in the Tribune de Genève, which presented the concept and advantages of real estate crowdfunding and mentioned Foxstone. I found it very interesting, so I contacted Foxstone directly for more information.
I’ve only been on this adventure for six months. I can therefore say that for the moment I am fully satisfied. I was able to receive my first payment on the date and at the percentage indicated, which immediately reassured me.
My aim in investing in real estate crowdfunding was above all to be able to provide a complementary income to my pensions. It was also the turnkey service that convinced me. The fact that Foxstone takes care of everything, that I don’t have to deal with any problems with rental management etc., is a great advantage.
For crowdlending, Foxstone takes the following fees: 3% of the amount of the loan from the investor and 3% of the amount of the loan from the developer.
Each investor expressing an interest in an offer receives the investment file including:
And must fill, sign and return the following documents:
These documents are required by the mortgage provider and the notary.
The real estate developer supplies quarterly reports (according to the project) on the project’s progress with photos of the construction site. Foxstone synthesizes these reports and publishes them on the investor’s online dashboard for an easy consultation.
The construction contracts are of the “general contractor agreement” type. These contracts are slightly more expensive than the “total entreprise contract” type, but they reduce the risk of delay and budget overrun because the company is responsible for any discrepancy. Thus, any overrun of the agreed construction budget is the responsibility of the construction company and any delay from the delivery deadline is penalized.
In the event that Foxstone were to disappear, this would not affect the loan. Investors are still in possession of the debt contract issued by the company owning the real estate development project entered in the land register on behalf of the company. Depending on the investment offers, these contracts may also be linked to a first or second rank mortgage note, thus increasing the safety of the investment.
