Zinsland

Zinsland is a German real-estate crowdfunding platform operated by Civum GmbH, a Hamburg-based company founded by Carl Friedrich von Stechow, Moritz Eversmann and Dr. Stefan Wiskemann. The business was established in 2014, and its first real-estate financing platform was launched in March 2015. Zinsland enabled investors to participate in property-development financing, while real-estate developers used the platform to raise capital for individual projects. The platform's activity focused on project-based real-estate finance rather than on the sale of completed residential or commercial property. Its model connected property developers and other financing participants with crowd-investors, who provided funding through instruments associated with particular projects. As with other crowdfunded loans, the model exposed investors to the possibility of delayed repayment or default; contemporary commentary specifically highlighted the relatively high risk of such investments. Zinsland reported a cumulative funding volume of 50 million euros in 2018. In 2019, it expanded the range of instruments available through the platform by launching its first public bond. At that time, its portfolio included three projects in the greater Düsseldorf area. One of its most rapid fundraisings was the Haus am Michaelsberg project in Siegburg, where 600,000 euros was reportedly raised from more than 250 investors in twelve minutes in January 2019. The project concerned the development of 29 condominiums. Technology development became an additional focus in 2019. Civum announced Caladio, a digital system intended to support the real-estate-financing process from credit application through credit reporting. David Werner joined as chief technology officer to support the development of Caladio and its use in connection with Zinsland. The initiative involved cooperation with Taunus-Sparkasse and real-estate developers and was described as an effort to digitize the processes of multiple participants in property finance. The available reference material documents Zinsland's launch, growth in reported funding volume, selected projects, financial-product expansion and technology initiative. It does not establish the platform's current operating status, present ownership beyond its association with Civum GmbH, current website, or the extent of any operations after the documented 2019 developments.

Zinsland emerged from Civum GmbH, a Hamburg-based company founded in 2014 by Carl Friedrich von Stechow, Moritz Eversmann and Dr. Stefan Wiskemann. The company developed Zinsland as a real-estate financing platform, launching the first version of the platform in March 2015. Its basic proposition was to allow members of the crowd to provide capital for selected property projects, giving developers an online route to project financing. The platform's documented development reflects the broader expansion of digital investment models into real-estate finance. Zinsland concentrated on individual development projects, meaning that investments were linked to particular financing opportunities rather than representing a diversified ownership interest in the entire property market. This structure also meant that investors had to consider project-specific credit and completion risks. Warnings from crowd-investors about the high default risk of crowdfunded loans formed an important qualification to the platform's proposition. By 2018, Zinsland had reached a reported funding volume of 50 million euros. The figure marked a significant stage in the platform's documented growth, although the available material does not provide a breakdown by number of investors, project returns, geographic distribution or repayment performance. In January 2019, the Haus am Michaelsberg development in Siegburg demonstrated the speed with which the platform could attract funding. The project, involving 29 condominiums, raised 600,000 euros in twelve minutes from more than 250 investors. Zinsland also broadened its financing offer in 2019. With three projects in the greater Düsseldorf area in its portfolio, the platform launched its first public bond. This represented an expansion beyond the project-financing activity described in its earlier history and gave the platform another type of investment product to present to the public. Technology was another major theme in 2019. Civum announced the development of Caladio, designed as a fully digital service for real-estate financing. The system was intended to support the participants in a financing transaction across stages including the submission of credit applications and the production of credit reports. Zinsland worked with Taunus-Sparkasse and real-estate developers in connection with the initiative. David Werner joined as chief technology officer to help build Caladio and advance the platform's digital infrastructure. The documented history ends with these 2019 developments. The supplied references do not provide reliable information about later corporate transactions, the platform's present availability, current management, subsequent financial results or whether the Zinsland brand remains active. Those points therefore remain unresolved.

1. 2019Haus am Michaelsberg achieves rapid funding

   The Siegburg condominium project raises 600,000 euros from more than 250 investors in twelve minutes.

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2. 2019First public bond is launched

   Zinsland launches its first public bond while its documented portfolio includes three projects in the greater Düsseldorf area.

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3. 2019Caladio development begins

   Civum announces Caladio as a digital system for supporting the real-estate-financing process.

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4. 2018Funding volume reaches €50 million

   Zinsland reaches a reported cumulative funding volume of 50 million euros.

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5. 2015Zinsland platform launches

   Civum launches its first real-estate financing platform, Zinsland, in March.

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6. 2014Civum GmbH is founded

   Civum GmbH is founded in Hamburg by Carl Friedrich von Stechow, Moritz Eversmann and Dr. Stefan Wiskemann.

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A German digital platform connecting crowd-investors with real-estate financing projects and seeking to digitize the financing workflow for developers, lenders and related stakeholders.

• Zinsland real-estate crowdfunding platformReal-estate crowdfunding2015

  Zinsland is an online platform for project-based real-estate financing. It connects investors with property-development opportunities and allows capital to be raised for individual projects. The available material does not specify the full range of contractual instruments or the platform's current product availability.

• Public bondsInvestment products2019

  In 2019, Zinsland introduced its first public bond through the platform. The bond broadened the investment formats associated with the service beyond the earlier documented project-financing activity.

• Haus am MichaelsbergReal-estate project financing2019

  Haus am Michaelsberg was a Zinsland-financed development in Siegburg, Germany, involving 29 condominiums. The project raised 600,000 euros from more than 250 investors in twelve minutes in January 2019, making it the fastest funding round identified in the supplied reference material.

• CaladioFinancial technology2019

  Caladio was a digital-service initiative intended to cover the real-estate-financing workflow from credit application through credit reporting. It was developed in cooperation with Taunus-Sparkasse and real-estate developers and was intended to support the different stakeholders involved in property finance.

• 2019Launch of the first public bondProduct launch

  Zinsland had developed a project-financing platform and was documented with three projects in the greater Düsseldorf area.

  What changed. The platform offered its first public bond.

  Aftermath. The available reference material records the launch but does not provide subsequent issuance volume, performance data or investor returns.

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• 2019Development of the Caladio digital-finance systemStrategy

  Civum sought to make the Zinsland real-estate-financing process more digital and to support all relevant participants in a transaction.

  What changed. Civum announced Caladio and worked with Taunus-Sparkasse and real-estate developers on a service spanning credit application to credit reporting.

  Aftermath. David Werner became chief technology officer to support development. The supplied material does not establish the system's later commercial rollout or current availability.

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• 2019Haus am Michaelsberg raises €600,000 in twelve minutes

  The Siegburg condominium project raised 600,000 euros from more than 250 investors in twelve minutes, making it the fastest funding round described for the platform.

  Product launch
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• 2019Zinsland launches its first public bond

  Zinsland launched its first public bond while reporting a portfolio of three projects in the greater Düsseldorf area.

  Product launch
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• 2019Civum announces Caladio development

  Civum announced Caladio, a digital system intended to support real-estate financing from credit application through credit reporting, with participation by Taunus-Sparkasse and property developers.

  Product launch
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• 2019David Werner becomes chief technology officer

  David Werner became Zinsland's new chief technology officer to support development of the Caladio technology initiative.

  Leadership change
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• 2018Zinsland reaches €50 million in funding volume

  Zinsland was reported to have reached a cumulative real-estate crowdfunding funding volume of 50 million euros.

  Other
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1. Zinsland