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The purchase and renovation of the building will take a lot of time. Because Mnzgasse 13 is not to be privately owned by residents *, the usual share of a construction loan is covered by direct loans. Direct loans are given by individuals or groups who want to use their capital to support meaningful, social and local projects. The money will arrive without redirection in a social project.
The reasonable interest rate for a direct credit housing project
They directly support future-oriented urban development and help to design a habitat for stable rent. They support a future-oriented life concept based on shared life in self-organization and a common approach to living space.
The rental income flows exclusively into interest and principal payments because the property is not profit-oriented. The Munich 13 housing estate is part of the Mietersyndikats Miethäuser, a consortium of apartment buildings under whose umbrella more than 100 well-working construction projects have been developed by many people.
And then, now is a good time to see where there’s a little change on the high edge that’s well invested in the cooperative and Grade II listed building.
And then, now is a good time to see where there’s a little change on the high edge that’s well invested in the cooperative and Grade II listed building. There are three possibilities for financial participation in the project: Of course, the lending business is charged with interest, but we also pay 2% interest on the deposit you deposit as a comrade (after the cooperative character).
As a cooperation, cooperation for the forwarding industry
It is the best option for us as cooperation. On the one hand, the administrative effort is less and on the other hand, it has the pleasing accompanying effect that the entire project receives a certain circle of acquaintances, who can also substantiate our overall project. Of course, we are also happy about personal loans. What do you need sponsors, personal loans and sponsors for?
For 1.85 million dollars, we have acquired real estate and land from the Free and Hanseatic City of Hamburg. Renovation, refurbishment and conversion, and development (4 to 6 million dollars) are supported by bank loans, personal loans, private funding and institutional subsidies (district, homeland security, cultural office, etc.).
In short, before your capital is in the house bank
It can help us realize a plan to create a lean, solidarity-oriented cultural, work and district center in Altona.
Another form of the surplus is created: from the open-air theater to the inn, from other meeting and congress rooms to the food coop to the art exhibition: the entire project is based on an idea of the common abundance.
It is a healthy investment: New cooperatives are examined very closely by the cooperative, which is why the cooperative is considered to be a very healthy, lasting and crisis-proof form of society.