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Mezzanine debt development La Tour-de-Peilz, Vaud

Opportunity to invest in a crowdlending project with a net return of 5.00%.

The duration of the loan is 12 months.

The project is composed of 20 villas in construction located in Tour-de-Peilz, Canton of Vaud.

This loan is intended to finance the acquisition of the last 4 villas by the developer until the end of the commercialisation of the project. 16 villas have already been sold, 2 other villas have been signed with forward purchase agreement,

Project description

"Au Mont d'Ehden" is a construction project carried out on a plot of over 13,000m2, close to the town centre of La Tour-de-Peilz.

The project consists of 20 twin villas in PPE.

The building permit came into force in June 2019 and construction started in November 2019. 70% of the villas are already built (structural work completed).

The houses are 4.5 to 5.5 rooms with a 20m2 terrace, a large private garden and a basement.

The villas are priced competitively with a weighted price per m2 between CHF 7'757 and CHF 8'186 (market comparison).

Location

Situated in the heart of the Vaud Riviera, La Tour-de-Peilz is a town of nearly 12,000 inhabitants. At the foot of the mountains and with its feet in the water, it benefits from a privileged environment between lake and vineyard.

The territory of the commune alternates between residential areas, the town centre, the historic town and higher density districts in a harmonious configuration. Benefiting from first-class infrastructures, La Tour-de-Peilz occupies an enviable position between its two neighbors, Vevey and Montreux.

The municipality enjoys excellent mobility and benefits from an excellent public transport network. It has a railway station and is close to the main roads and motorways.

The project is located at Route de Chailly in a popular residential area, close to the city centre and the lake.

Funded

100%

Loan amount CHF 1,800,000

Return 5.00%

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Property snapshot

Loan amount CHF 1,800,000

Min. investment CHF 10,000

Return 5.00%

Investment type

Maturity 12 months

Deal Highlights

Sought after location
16 out of 20 villas already sold
Villas at competitive market price
70% construction already completed
Renowned general contractor
Promoter with proven track record

Property Details

Opportunity to invest in a crowdlending project with a net return of 5.00%.

The duration of the loan is 12 months.

The project is composed of 20 villas in construction located in Tour-de-Peilz, Canton of Vaud.

Project description

"Au Mont d'Ehden" is a construction project carried out on a plot of over 13,000m2, close to the town centre of La Tour-de-Peilz.

The project consists of 20 twin villas in PPE.

The building permit came into force in June 2019 and construction started in November 2019. 70% of the villas are already built (structural work completed).

The houses are 4.5 to 5.5 rooms with a 20m2 terrace, a large private garden and a basement.

The villas are priced competitively with a weighted price per m2 between CHF 7'757 and CHF 8'186 (market comparison).

Location

The municipality enjoys excellent mobility and benefits from an excellent public transport network. It has a railway station and is close to the main roads and motorways.

The project is located at Route de Chailly in a popular residential area, close to the city centre and the lake.

FAQs

What are Foxstone’s fees for crowdlending?

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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.

What are the documents required to complete a transaction?

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Each investor expressing an interest in an offer receives the investment file including:

The investment brochure,
The loan agreement

And must fill, sign and return the following documents:

The subscription form,
The power of attorney form in two copies,
The bank accreditation form (information on the investor and the origin of the funds),
The document for the notary.

These documents are required by the mortgage provider and the notary.

How can I monitor the progress of a project?

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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.

What kind of construction contract is concluded for real estate development projects?

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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.

What would happen to my loan if Foxstone came to disappear?

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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.