Development Financing for 43 + 14 Apartments in Germany

This listing represents a development financing opportunity for a real estate project located on the Island of Usedom in Germany. The project involves the construction of 43 marina and 15 Baltic Sea apartments. It is described as 'shovel-ready,' with all necessary permits and licenses already secured. The total capital budget required for the development is $17,970,032.00 USD, comprising $5,970,032.00 USD in equity financing and $12,000,000.00 USD in debt financing. Projected total revenue is $22,868,750 USD, with an estimated profit of $5,760,381 USD, resulting in a yield of 33.67%. The target market includes young professionals, retired individuals, and singles seeking a lifestyle-oriented living environment, with features appealing to different demographics such as proximity to the sea and on-site amenities.