Stefan Helmbrecht: Stainlesssteeland residential complex opposite Erfurt Parliament completed ‘ it was the year of 2008, as adopted by the Heritus group, Mannheim, which had listed residential properties purchased, refurbished core and sold, until then primarily in Leipzig and Berlin also in other locations such as Mannheim, Frankfurt am Main and Erfurt, attractive heritage objects in its portfolio. One of these first addresses was a grade II listed residence with 78 units in the Arnstadt Street opposite of the Erfurt Parliament. After the Heritus group end of 2009 despite an order volume of approximately EUR 60 million had to apply for insolvency, she could not realize the planned refurbishment of the Arnstadt road project. Stefan Helmbrecht, one of two former Heritus CEO, is all the more pleased that the rehabilitation of the object Arnstadt road is closed off. Stefan Helmbrecht: The demand for high-quality real estate is strong and so the insolvency administrator, succeeded already in 2010 the object of Arnstadt Road to an investor to sell, which placed it in a short time on the market and has successfully rented the apartments after the recent refurbishment. “Stefan Helmbrecht: I did just spot a picture me and am excited about what I’ve seen.” For Stefan Helmbrecht, nearly 2 decades experts in the segment denkmalgeschutzer real estate, is thus realized, what he and his associates believed in 2008. If you are not convinced, visit visit website. Stefan Helmbrecht: Who wants to conclude a mutually profitable business in the real estate market, first of all not only isolated may the Memorial object prior to a purchase, that it may be interested in and so appealing it, have in mind.
A long list of other factors must be met. In Erfurt the outstanding economic figures with declining unemployment rate and the positive development of the property market as a whole in the city, such decisive factors were.” Other criteria were added. Stefan Helmbrecht: Is a residential complex opposite the Parliament and near the Center for Buyers naturally attractive. The apartments are still ideally tailored to and the renovation is carried out properly, then nothing is in the way is also a quick rental. As well, it has been implemented in the Arnstadt road. How right we were with our decision to purchase the residential complex, is evident now. For all 78 residential leases could be closed soon after the completion.” “Stefan Helmbrecht added: here again a piece has been retained cultural heritage, which also represents a worthwhile investment for investors and tenants including the financial aspects.” Stefan Helmbrecht founded a real estate development company based in Mannheim, Germany in 1996 and focused on the purchase, rehabilitation and revitalization of Monument-protected Grunderzeit houses in different locations of in Germany. Within a few years, one of the largest and most respected real estate companies in Germany developed it in the segment of listed real estate. A total of 152 were until today Heritage objects with a number of 1897 condos completed and passed to investors and their tenants or owner-occupiers. The realised by Stefan Helmbrecht and projected total investment volume amounted to 242.000.000 million euro so far. Stefan Helmbrecht is now mainly active as investor and project developer in the listed real estate sector, moreover, he controls the real estate activities of various well-known family offices and selected institutional investors.
Real estate credit: 10 tips for the ongoing financing – terminate or finance connection (Berlin, 14.05.2012) anyone who has completed a financing contract, is bound to these many years. The regular rates are to apply in a timely manner or it threatens serious financial problems. But it is not enough to put the contract in the drawer, and no longer the financing conditions to confront the next few decades. Under certain conditions, a quite large savings potential is if financing can be optimized, for example, by replacing with a more favourable loan or by continuing with a reasonable follow-up financing. Below are 10 tips that any borrower can verify its ongoing funding.
1 keep you the market in mind informing you from time to time about current real estate financing. Speak your bank even when you finance for many years there. Often a discount is granted, if they refer to special offers from competing banks and the current low interest rate environment. 2. not regularly check your monthly input / output balance only the amortization and interest rates lead to spending every month.
Often, cheaper insurance or repairs as so far can be found through comparisons. You can set aside more equity capital and if necessary a special repayment increase your repayment performance, which ultimately leads to faster pursuit. 3. lease currently on low: When should a debt restructuring? This currently in the interest rates for real estate financing at very low levels. A restructuring of the current loan on another credit institution is tantamount to dismissal, for which many institutions charge a compensation (especially within a binding period of borrowing). Refinancing is worthwhile only if the interest savings of the new financing is so high, that compensation as well as the resulting additional costs more than be offset (such as processing fees or notary and land costs).
House & basic Rheinland gives important tips before you should well inform the purchase of a house or a condo. At the current interest rate situation, the real estate purchase with good preparation can become a profitable long-term investment. However, some basic instructions should be followed. House & basic Rheinland gives tips on the purchase of real estate. The most important question: Can I afford in the long term a real estate? With a few simple calculations to determine his individual options”explains the Chairman of House & basic Rheinland, Prof. Dr.
Peter Rasche. There should be equity of at least 20 percent. Many banks refuse already financing without its own means”, says Rasche. A simple rule of thumb for determining the financial framework: the disposable annual income around a hundred and then divide by the load factor. This consists of the current rate of interest and a repayment rate of recommended two percent. The financing costs should the closing costs for notary and tax, of a total of ten percent of the purchase price and the monthly expenses to be added. Also a reserve in the amount of one euro per square metre for rehabilitation and modernization should be taken into account.
For the price of real estate to add only existing equity. Then, nothing in the way stands a solid financing. Ask not only at the local bank. A database comparison always pays”, advises the Director of House & basic Rheinland, Erik Uwe Amaya. Even in mature allocation of funds, a comparison may be worth. Because many savings in the high interest rate environment were completed, these contracts are no longer attractive. The building society is often offered a rate conversion and thus balance interest rates retroactively adjusted. A conversion is not always pays for itself. Old contracts worth often even the mature concept as a funding component to waive”Amaya says. In a low interest rate environment, care should be taken on long interest rate. Run-time are recommended at least ten years. The repayment rate is one percent the duration should be extended to 15 or even 20 years. Otherwise, by rising mortgage rates, the total financing is at risk”, says Prof. Dr. Peter Rasche. Therefore a repayment of at least two percent and the possibility of unscheduled repayments are recommended. If the asking price is calculated and affordable, the oscillating now on the market can look around. Who wants to buy a property, you need to find the right environment and the right situation. This applies particularly to investors”, explains Rasche. The demand is sharply on the real estate market, especially in the urban centres. Here, the offer is already scarce in some cities. Noise, transportation, infrastructure, development of the direct environment are the most important guidance here. The main argument must be location, location, location”, so quick. The good news is”location found and as investors you want to know if is worth a purchase in the long term, the ratio of annual return must and purchase price are considered. Dividing the purchase price excluding incidental expenses by the well-let and this value is above the national average of 20, an economic return is questionable. Among long-term users of self also the feel-good factor is one of but in addition to the financing, the development is often secondary”Amaya explains finally.