Ref: FBAI1092                                                      Rooms: 2

City: Berlin                                                            Baths: 1

Area: Tiergarten                                                   Type: Apartment

Street: Claudiusstr.                                              Size: 57, 34 m²

Tenanted: no  SOLD

This modern apartment, built in 1960 offers one bedroom, fully fitted kitchen and bathroom. In addition there is a parking space, central heating and a storeroom. The living area has wood strip flooring and leads out onto a south facing balcony. This light and bright apartment is on the fourth floor and there is a lift in the building.

An excellent central location offering easy access to all the attractions of Berlin.

This modern, vacant apartment lies in the Tiergarten area of Berlin close to the Bellevue Castle, Berlin Zoo and park area. This central location offers easy access to the shopping areas around the KuDam. In addition the tourist attractions of the Reichstag, Brandenberg Gate etc. are only a short tube ride away.

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.