So far only exists virtually: The project received funding from the Stratos Fund.
(Photo: eins:eins architects)
Zurich An unadorned functional building in the Lake Zurich municipality of Pfäffikon: There is a yoga studio on the ground floor, with a heart specialist’s practice above it – and diagonally opposite there is a junk shop. At first glance, there is little to suggest that sums in the millions are channeled into real estate projects throughout Germany. Only the sign on the front door refers to Helvetic Financial Services (HFS).
HFS is a subsidiary of the listed real estate group Corestate: From Switzerland, HFS provides project developers with high-interest mezzanine loans. This is borrowed capital, usually with a short term, which in the event of insolvency is only serviced after bank loans. Real estate developers use these loans, for example, to bridge short-term financing gaps. However, HFS usually does not bear the default risk of the loans itself, but has them packaged in fixed-income securities. HFS passes these securities on to the Stratos real estate bond funds, which HFS advises.
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