LINUS Digital Finance participates in Berlin office and apartment development financing
LINUS Digital Finance has participated in the financing of a new office and apartment development in Berlin-Mitte.
For the first time ever the Berlin-based real estate fintech is collaborating with the renowned project developer Trockland Management on the project development at Köpenicker Strasse, on the corner of Wilhelmine-Gemberg-Weg. Trockland has recently established a reputation for itself on Berlin’s property market, and above all with the projects Bricks in Berlin-Schöneberg, Charlie Living in Berlin-Mitte and Eiswerk Berlin in the immediate vicinity of the project now being financed.
The property with six storeys has a seventh offset penthouse floor and is already under construction; the net floor area will measure 4,285 sq m, with 1,405 sq m of residential space and 2,880 sq m of commercial space. In total LINUS has granted a mezzanine loan of several million euros with a term of 24 months for the project.
“We are extremely pleased to be cooperating for the first time ever with such a renowned partner as Trockland Management. In particular we would also like to make the sustainable components of the project and the associated innovative approach accessible as an investment to our co-investors through our platform as quickly as possible,” comments Maximilian Könen, Managing Director - Investments at LINUS Digital Finance.