Ref: FBSI1099                                      Rooms: 2

City: Berlin                                            Baths: 1

Area: Charlottenburg                          Type: Apartment

Street: Danckelmannstr.                    Size: 57 m²

Tenanted: yes   

Centrally located in Berlin-Charlottenburg this bright, one bedroom apartment is located in a beautiful, renovated corner building.

The property is on the second floor and comprises a wood-stripped living room, bedroom, bathroom, balcony and kitchen. The apartment has been rented to the same tenant since 1999 without a rent rise...........possible opportunity here!!

The apartment is in an excellent central location near Charlottenburg Castle where one can enjoy walks in the park. Transport connections are excellent with a nearby underground station as well as close proximity to the central shopping areas of the famous KuDam

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.