• Category - Real estate backed loan
• Annual interest - 15%+2% (over 30 000 claim units)
• Payment frequency - Monthly interest payments 
• Collateral - 2nd rank mortgage, owners personal guarantee
• Duration - 12 months 
• Country - Switzerland
• LTV - 87%
  
  

New flagship project on a new market - Switzerland. The developer is Emmett Resort AG, who is using Kirsan services to implement the construction works.

The area
Emmett Apart is a small resort in the center of Switzerland that lies at an altitude of 1100 meters above the southern shore of Lake Lucerne. It's a 25 min drive to the Center of Luzern and a 1-hour drive to Zürich, a perfect destination for a Retreat and enjoyment with an extraordinary Panorama view of the Swiss Mountains. Ideal for relaxing vacation as a secondary residence with all the amenities. This scenic area has a well-developed modern infrastructure that offers pleasant and convenient possibilities for hiking, winter sports, and activities on the lake. In addition, the site offers a wide range of outdoor activities and breathtaking views.

The Emmeten municipality has a population of 1500 people, about 15% of them are foreigners. The Object lies in one of the few zones in Switzerland where a Non-Resident can Acquire real estate; hence, a lot of interest from the international buyers, who are looking to buy Real estate in this area.

The property
Emmetten ApartHotel is a 3 floor modern residential building, with 5 spacious apartments. 2-3 room spacious apartments are 70m2 to 130m2 in size. The building will have all the facilities to relax after a long day outdoors. There will be a wellness spa in the basement that includes a Traditional sauna, an aromatic steam sauna, a 2m deep cooling pool, and two massage tables. In addition, there will be a small boutique wine cellar to rest after a facial or massage by tasting some of the best wines.

On the first floor there will be a restaurant together with reception, with a large terrace area with a breathtaking view on the lake. The outdoor terrace will be equipped with modular glazing. The restaurant will serve both the residents of the building and passing customers.

The building is on a land plot with a total area of 3490 m2, the total area of the resident's building is 698 m2. As the land plot is quite large compared to the building on it, there is a possibility to build additional 5 small cabins. The new residential buildings in the town sell for over 10 000 EUR/m2, the latest sale in the neighboring building was made at 13 000 EUR/m2.