They acquired a share of the building in co-ownership with a minimum amount of CHF 50'000.-
a leader in real-estate crowdfunding announces the acquisition, in crowdinvestment,
of a residential building in Concise (VD) by 55 investors, of all ages
and all backgrounds. They acquired a share of the building in
co-ownership with a minimum amount of CHF 50'000.-
"Enabling more than 50 investors to become co-owners of a building in
crowdfunding is an important step for Foxstone. We are shaping a new era
in the real-estate investment in Western Switzerland, which makes this
asset class accessible to everyone.” said Dan Amar, CEO of Foxstone.
This acquisition represents a key milestone for the development of
real-estate crowdfunding in Switzerland since it is the first
transaction of this magnitude.
The total amount raised in co-ownership was CHF 3,250,000 for an
acquisition price of the building of CHF 6,800,000, the remaining
balance being financed by a mortgage. The net return on equity is 6.53%,
which represents an annual return of CHF 3,265 for a CHF 50'000
investment. The Régie du Rhône takes care of the day-to-day management
of the building.
“We had several financial investments that required a great deal of
management efforts. But in an uncertain economic environment and newly
retired, we needed serenity and stability. With a serious approach and
quality products Foxstone came at the right time and brought us the
answers we were looking for. The professionalism of the team allowed us
to create a real relationship of trust, which we needed to invest
serenely.” A co-owner, 70 years old, retired.
A disruptive business model to invest in real estate
Foxstone gathers investors online in order to acquire a building in
crowdfunding. They share a common interest in investing in real estate
to generate a steady return in Swiss Francs. Foxstone offers a turnkey
service taking care of every steps of the transaction on behalf of the
investors: from the selection of the building, the negotiation of
financing with the mortgage provider, the legal framework to the
acquisition of the building. A property manager is in charge of the
daily management and Foxstone acts as the administrator of the building.
Specialized in real estate investment, Foxstone is an online
crowdfunding platform that offers quality residential real estate
investments in Switzerland to private investors or institutional
clients. More information on www.foxstone.ch