Ref: FBBC1064                                                    Rooms: 1

City: Berlin                                                            Baths: 1

Area: Reinickendorf                                            Type: Apartment

Street: Bernauer Str.                                           Size: 33 m²

Tenanted: yes

Tenanted apartment offering a yield of approx. 5, 6%.

This second floor studio apartment consists of one room, kitchen with pantry and a bathroom with shower. It has fitted carpet and there is a storage space in the cellar.

The building features an additional storeroom and a laundry room.

The property is located in the area of Reinickendorf, a district of Tegel. There is a park nearby and picturesque walks lead to the lake "Tegler See" or to the park "Jungfernheide".

Shopping facilities like supermarket, post-office and further stores are within walking distance, as well as schools and public transportation.

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.