Risk of total loss: Donaublick in Vienna Döbling a project by DGM Donauwartesteig 14 – 16 GmbH
Again, this is an investment with the risk of a total loss, something that all investors who intend to invest capital here should keep in mind. Here too, from our editorial point of view, caution is advised when investing, because the company is over-indebted in terms of its balance sheet, which is not the same as over-indebtedness under insolvency law.
FireShot Capture 193 – DGM Donauwartesteig 14-16 GmbH, Vienna, Austria – www.northdata.de
Project description:
DGM Donauwartesteig 14-16 GmbH, a subsidiary of DGM-Holding GmbH, which was founded in 2013, is headed by Christian Deutsch and Ing. Shahin Ghaffari. Both have extensive experience in construction, general planning and project management.
Christian Deutsch has made a name for himself through his role in project management at the OMV refinery in Schwechat and as a project developer at BWSG and Deutsche Telekom AG, where he served as technical area manager in western Austria. Ing. Shahin Ghaffari, in turn, distinguished himself through his work in planning and project management at ADH General Planning and made a significant contribution to numerous construction projects, including international projects such as the Marriott Hotel in Prague and Budapest.
Investment opportunity
- Borrower: DGM Donauwartesteig 14-16 GmbH
- Art of Kredits: Secured loan
- Purpose of use: Refinancing of mezzanine capital
- Method of repayment: About project revenues at the end of the term
- Loan term: 18 months with the option of a 6 month extension
- Interest rate: 10.50% per year
Securing the investment
The introduction of the ECSP license in September 2023 created new hedging opportunities for crowd investors, including:
- Mortgage security: Registration of a mortgage of 825,000 euros as security
- Repayment claims: Unconditional claims against the project sponsor and additional guarantees to minimize risks
- Personal liability: The managing directors of the project sponsor personally guarantee that the investments are used appropriately
- Subordinated shareholder loans: An agreement under which shareholders’ loans are treated subordinately in the event of an emergency
If necessary, a security trustee appointed by the investor pool will enforce the claims.
Further information and risk warnings
Investors can view detailed project information, the project calculation and the current project status after registering on the platform. Despite the security measures provided, there is a risk of a total loss of the invested capital. It is therefore advisable to carefully check the key investment information sheets and the contractual documents
2024-03-31 21:00:02
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