Next Opening | Trusters splits a Carignano flat in Genoa into three homes, with no amount and no real security

28/10/2026 – ⏱ 3 min · By Realty Investor Editorial Team

This article is for informational purposes only and does not, under any circumstances, constitute investment advice or a recommendation.

Trusters is preparing a loan to GIANO Srl to renovate and split a flat of around 233 m² at Via Corsica 2, in the Genoese district of Carignano, into three homes. The information sheet does not publish the amount to be raised or any real security.

The expected term is twelve months and the estimated return starts at 11.00 % per year, subject to investment risk and not guaranteed. The rate rises by investment band: 11.50 % from 1,000 to 4,999 €, 12.00 % from 5,000 to 14,999 € and 12.50 % from 15,000 €, with an "Early Bird" point in the pre-reservation phase for every band except the first. Between the smallest and the largest ticket there are 2.5 points, and the 11.00 % that heads the sheet is the band from 250 to 999 €. There is no opening date, rating or amortisation method.

Asset Description, Technical/Planning Progress and Commercial Traction

The flat is on the third floor of a building with a lift. It needs its services and finishes renewed and its rooms redistributed. It will be split into a home of about 85 m², another of 94 m² with a balcony and a 32 m² studio, also with a balcony, plus a storage room still to be assigned: 211 m² laid out from the original 233.

The purchase is completed by public deed and the project and construction contracts are closed, but the building permit is still being processed. The plan is to register the three units in cadastral categories below the current A/1, the stately-home category, with the tax saving that brings. No sale or reservation is recorded, consistent with the homes not yet existing as separate units. Marketing will go to an agent who has already sold more than a hundred flats for the group, which has operated in this same building.

Financial Architecture, Coverage Ratios and Real Security

There are no ratios to check here. The sheet does not publish the amount to be raised, the purchase price, the cost of the works, the sale prices or an appraisal: no LTV, LTC or project margin can be calculated. The only market figure is an estimated premium of 30 % or more for the renovated product over the one needing works, which without project figures cannot be applied to anything. This is the third Trusters project we have covered this autumn with no amount, after the Pero barracks and the homes in Santa Rita.

The only credit support the file describes is CF Capital as guarantor of the operation: no mortgage or charge over the property is mentioned. The borrower, GIANO Srl, was incorporated in 2025, so the track record belongs to the group's other companies: GENIM, through REABIT and CAPITAL DOMINUS, reports 22 completed raises on Trusters, 17 of them repaid early, for more than 4,550,000 € returned in principal and interest, a figure the header of the same sheet puts at 4,500,000 €. Nor is it clear who owns GIANO: it is presented as a GENIM company and later as a collaboration between CF Capital and GENIM.

Non-sophisticated investors have four calendar days to withdraw their offer without penalty. This is crowdfunding, not a deposit: it carries the risk of illiquidity and of total or partial loss of the principal, it is not supervised by the CNMV or the Bank of Spain and it has no cover under Directives 2014/49/EU and 97/9/EC.

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