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Iris Project | Busto Arsizio, Italy

• Debt project in Busto Arsizio, Italy

• Amount: 3,000,000€ // Term: 24 months

• 11.0% Simple annual interest

• 22% Total profitability 

• Loan guarantees

1. First rank mortgage on the asset

2. Pledge of the bank accounts of the SPV owning the asset

3. Commitment to contribute capital for overruns

We present a new project that consists of granting a senior secured loan to finance the development of Residenza Iris, an exclusive new residential complex located in the center of Busto Arsizio, one of the most dynamic residential cities in northern Italy, strategically located between Milan and the Swiss border.

The project contemplates the development of a seven-story residential building composed of 24 high-standing homes, designed with a contemporary architectural concept and aimed at a high-income public. Each unit will have large surfaces, terraces, private elevator and premium finishes, in addition to parking spaces, storage rooms and concierge services.

The asset is located on Via Borroni, in the urban center of Busto Arsizio, a few minutes from the train station and perfectly connected with Milan and Malpensa International Airport, consolidating itself as a strategic location for both local residents and international profiles and commuters.

Busto Arsizio, in the heart of Lombardy, combines a solid economic base, a high quality of life and a very limited offer of new housing in prime locations. The growing demand for premium residential product, together with the proximity to Milan and the main business centers in northern Italy, make Residenza Iris a unique opportunity to develop an exclusive asset in one of the residential markets with the greatest growth potential and scarcity of supply in the region.