Il Faro

New development loan opportunity in Italy: Il Faro with an interest of 9% in 12 months! 

Type of opportunity: Loan                                                   Modality: Development Loan 

Il Faro consists of the granting of a loan to a project developer for the rehabilitation and change of use of commercial property into three apartments. With a total area of 215 m2, the project is located in the city center of Bari. 

It is important to underline that: 

• The project developer is a solid company with over three generations of experience. 
• Strategic location, in the heart of Bari. 
• The developer offers the additional guarantee of two partner companies.
• Being a development loan opportunity, you will not have to wait for the sale of the apartments, you start earning income from the first month until the developer repays the entire loan. The interest is 9% in 12 months only. 
• The scoring of this opportunity is D.

Being the capital city of the Puglia region, Bari is a city full of history and visited by an increasing number of tourists every year. Particularly, the San Cataldo lighthouse, apart from giving the name to the project itself, it is only 5 minutes walking from the property. It is also a very famous lighthouse: right there, on August 3, 1904, it was inaugurated the first wireless radiotelegraphic link by Guglielmo Marconi.

The property is located in Faro street, in the center of Bari and in an area which is well connected and loved by both the residents and tourists. Once the rehabilitation will be completed, the distribution will be as followed: 

Apartment A (55 m2). 

• Living room with American kitchen;
• Bedroom;
• Two bathrooms;
• Large terrace.

Apartment B (50m2):

• Living room with American kitchen;
• Bedroom;
• Two bathrooms;
• Large terrace.

Appartamento C (110 m2):

• Living room with American kitchen;
• Double bedroom with walk-in closet;
• Single bedroom;
• Two bathrooms;
• Large terrace. 

The interiors, as well as the hydraulic, thermal and electrical plant parts, will be rehabilitated with brand new and high-quality materials. The windows will be covered with double glass in order to maintain excellent energy consumption. 

The project developer is Gruppo Loseto that, with more than three generations of experience, is composed by a professional team that does renovations, new construction, and real estate swaps. 

Choose Bari to diversify your investment portfolio! 

Location