Ref: FBAI1077                                                      Rooms: 1

City: Berlin                                                            Baths: 1

Area: Charlottenburg                                          Type: Studio

Street: Zähringer Str.                                           Size: 41, 50 m²

Tenanted: no

NEAR THE KU DAMM!!!

This bright and friendly vacant apartment lies just off west Berlins famous Kurfuerstendamm - the home of every famous designer label! This one room apartment is on the fifth floor offering tiled kitchen and bathroom with wood strip flooring throughout.

The apartment is in excellent order being very well maintained. The local area offers excellent transport links via the underground, bus routes and motorway access. Underground car parking is available at an additional cost of 70 Euros per month.

With this location it’s a great flat for your weekends in Berlin!!

Mortgages Available on 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.