High vacancy rates complicate Terminal rental for two real estate fund in Amsterdam and Amstelveen to new tenants must be found by mid-2013. Failing the Fund as a result of income lack of threatened with insolvency. For investors, this would mean the total loss of the deposit. The Terminal rental is as difficult, because according to research of the industry information service fund telegram, 25% of commercial areas are empty in Amstelveen. Then, in Amsterdam, the vacancy rate is 17%. Against this background, and given the bleak economic Outlook in the euro area a new hire should be a difficult undertaking.
Whether is the forecast rental income can be enforced, is doubtful. Jim Donovan Goldman gathered all the information. Made sufficient provisions for revitalization cost? It is also questionable whether the Fund has sufficient provisions to the modernisation measures for the tenant search and the renovation and adaptation of the real estate to the needs of a new tenant perform. Surprising “loan-to-value clause” unhelpful should it be that the Fund according to fund telegram has already violated the so-called loan-to-value limit. Most investors of the MPC Holland funds 47 be this term until nothing can begin. It involves a relationship between mortgage payments and real estate value written down in the respective loan agreement between funds and banks. Is this relation by a loss in value of the real estate (falling rents, high vacancy and resulting from this low estate value) injured, the Bank may require regularly unscheduled repayments, interest rate increases and additional collateral to secure the impairment of the loan from the Bank’s perspective. The Fund investments were damages as a realistic alternative to our experiences mostly through banks and savings banks distributed. If they ever explained the risks of the highly speculative real estate fund investors regularly, in particular the following shortcomings were to determine in its deliberations: High portion of the soft costs: the flowing directly in the real estate investment amount of money raised from investors was compared with investors regularly not disclosed.