Ref: FBMF1102                                                    Rooms: 2 - 3

City: Berlin                                                            Baths: 1

Area: Reinickendorf                                            Type: Apartment

Street: Gorkistrasse                                             Size: 47 - 62 m²

Tenanted: yes

SEVEN PER CENT YIELD!!

These tenanted apartments lie in a quiet, green suburb of northern Berlin with the nearby Tegeler Lake and its small harbour, ideal for peaceful walks.

Despite the tranquil setting, the properties have nearby underground rail services as well as a major shopping mall only 10 minus away on foot.

The apartments are renovated with modern tiled bathrooms and kitchens. With excellent communal gardens these properties are excellent long term rental prospects.

The average yield is an excellent 7%

Mortgages Available For This Property

Q: What LTV can an investor get?

A: Up to 90% of the purchase price, but this has become a rare exception. Furthermore, an investor has to bear in mind that the higher the LTV, the higher the interest rates charged by banks.

Q: How many and what banks are involved in an enquiry?

A: All banks operating in Germany are in the pool. It has turned out that most finances are arranged with an ever-changing hard core of seven banks, which include mortgage or retail banks.

Q: What is the minimum loan possible?

A: Euro 25,000 – this means that a property should at least have a purchase price of Euro 50,000 because for small flats banks rarely give more that 50% of the purchase price.

Q: What properties can be financed?

A: Almost everything, everywhere: residential, commercial, blocks and single flats in big cities as well as the countryside. The bigger the property (or bundle of properties), the better the sustainable yield, the better the state of the property, the less vacancies and the better the location (macro as well as micro), the higher the LTV which should result. Some properties, however, might unfortunately not be financeable at all. This for example can happen if the sustainable yield is lower than 5%. Important for commercial units: The longer the remaining duration of the lease contract, the better for the LTV.