Pre-opening | Trusters Prepares Funding to Split a Flat into Four Homes in Vicenza (Italy)

25/09/2026 – ⏱ 3 min

This article is for informational purposes only and does not constitute investment advice or a recommendation of any kind.

The Italian platform Trusters is preparing a raise for Capital Home Srl to fund part of the purchase and part of the works to split a second-floor flat at 84 Via Gerolamo Egidio di Velo, in the Sant'Andrea district of Vicenza, into four separate homes and two garages. Any reference to return is inseparable from the risk, which is set out below.

The published fact sheet does not state the amount of the raise, any security over the asset, a valuation, coverage ratios, the total cost of the operation or the opening date. These are weighty omissions: without an amount or security it is not possible to assess how the money lent is covered. Investors should verify all of this in the contractual documentation before committing funds.

The planned term is 12 months. The estimated annual rate varies with the amount invested: 11% from €250 to €999, 11.5% from €1,000 to €4,999, 12% from €5,000 to €14,999 and 12.5% from €15,000, with an extra point for those entering during the pre-booking phase except in the lowest band. These are estimates subject to investment risk and not guaranteed, and the return depends both on the amount contributed and on when the investment is made.

Asset description, construction progress and sales traction

The property does not yet belong to the developer: it is subject to a preliminary sale contract, with the final deed scheduled for 28 September 2026. The works are covered by a SCIA filed on 29 May 2026.

The authorised configuration is around 227 sqm comprising a 75 sqm three-room flat with a garage and three studios, one of them also with a garage. The company has also started the process for a variant converting two of those studios into two one-bedroom homes of around 57 sqm; the business plan, according to the platform, is still calculated on the configuration already authorised. The refurbishment covers a new internal layout, renewal of electrical and plumbing installations, new bathrooms and finishes, porcelain stoneware floors and an independent heat pump in each unit, retaining the existing central heating.

There are no closed sales. The fact sheet refers to two advanced negotiations across the four units, and describes them in two different ways in two sections: in one, a two-room flat and a studio; in another, a studio and a one-bedroom home. A negotiation is not a signed contract, and repayment depends on those sales materialising.

Financial structure, coverage ratios and security

The file mentions no security, real or personal: there is no mortgage over the property, no guarantee from the shareholder and no trust over the shares. Nor does it identify a special purpose vehicle separate from the developer or explain how the operation is structured. Capital Home Srl, based in the Veneto, was founded in 2019 by Luca Antonio Bortoliero and works on underused properties which it refurbishes and resells. On Trusters it has three campaigns across two operations: Rocca Tovo, of €200,000, already repaid on time, and Univercity, of €400,000 across two campaigns, still under development with the last units to be sold. The property is around one kilometre from the university, the historic centre and San Bortolo hospital.

Non-sophisticated investors have a four-calendar-day pre-contractual reflection period to revoke their offer without penalty. This is a crowdfunding product, not a deposit or a guaranteed savings product. It carries risks of illiquidity and of total or partial loss of principal. It is not supervised by the CNMV or the Bank of Spain, and has no cover under Directives 2014/49/EU and 97/9/EC. Investors may not recover the capital contributed.

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Your real estate crowdfunding, in one app.

Discover new opportunities. Invest through leading platforms. Manage your whole property portfolio from a single place.

The Realty Investor beta is now available. Explore the market, discover new projects and get to know the platform with simulated money, without putting in any capital.

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