Invest in a recreational property located in Milan, Italy, with a price per share of €5,000 and an estimated minimum return of 11%. The property, valued at €1,400,000, is part of the CHALET DEL FIUME project by GEKO SRL, falling under the ELITE category. The project offers a negotiable interest rate of 11% to 12% annually, translating to a total negotiable interest between 13.75% and 15% over 15 months, with monthly interest accrual.

To achieve the maximum interest rate, a minimum investment of €10,000 is required. The campaign for this investment opportunity opens on Thursday, July 11, at 1:30 pm, post a live project presentation. Detailed documents and the Key Information and Investment Sheet (KIIS) can be found in the documents section.

For this campaign, individual investors can contribute up to €500,000. The financing contract becomes available upon subscription, outlining the amortization start date and payment schedule. In case the campaign falls short of the target, the proposer will decide on the collected amount or provide a full refund.

The investment operates on a "capital at end" basis, involving 14 installments with interest and a final installment covering capital and interest after the 15-month project duration. Late payments incur a default interest of 2% per annum. While the loan agreement lacks insurance coverage, a debt recognition deed assures the validity of the financing agreement.

Upon contract expiration, investors receive the invested capital and generated yield, subject to a 26% withholding tax on interest for Italian resident natural persons. Companies receive the gross amount for accrual accounting. Recrowd maintains strict conflict of interest policies, ensuring fair treatment for all investors and transparency in project information dissemination.