OsloFjordMarinaAss

Oslo Fjord Marina is a Norwegian real estate project centrally located in Porsgrunn, at the seaside in the Oslo Fjord. Oslo Fjord Marina includes 30 apartments and 3 semidetached houses with 6 living units. Total saleable area is 3 200 squaremeters. Our project aims to pay 4,6 million USD in dividends to our owners when the project ends in 3 years. The token is fully asset backed. Owning one OsloFjord token is legally the same as owning shares in the real estate project. Our project aims to pay 4,6 million USD in dividends to our owners when the project ends in 3 years. Our offer is unique in this area, where future buyers have their own beach and just outside their doorstep their daycruiser will be moored. Our team of real estate developers have 25 years experience from developing and selling real estate in Norway. Investing in OsloFjordMarina token secures legal rights as shareholder to get dividends at project end. Budgets: 1. Cost of Land: $2,750,000 USD 2. Construction Costs: 2.1 Parking/Basement: $1,190,000 USD 2.2 Construction 30 Apartments (2400 sqm): $9,230,000 USD 2.3 Construction 3 Houses (800 sqm): $2,340,000 USD 3. Additional Costs: 3.1 Legal, Insurance, Brokers: $466,900 USD 4. Finance Costs: 4.1 Finance Landplot (3 years, 9% yearly interest): $618,000 USD 4.2 Finance Construction (2 years, 9%, 50% average lending): $1,160,900 USD 5. Total project costs: 17 345 800 USD 6. Income from sales: 6.1 Sale of units, 3 200 squaremeters X 6 865 USD 21 968 000 USD 7. Net profit from project 4 622 200 USD Investment overview, according to budget: Dividends paid after 3 years: 4 600 000 USD Todays price for investor: 2 750 000 USD Tokenized shares: 10% Dividens to tokenized shares: 460 000 USD Price today for tokenized shares: 275 000 USD Dividens per token - 0,046 USD Price at release per token: 0,0275 USD FAQ: Why do we do this? -As both real estate professionals and tech geeks we see the future use of NFTs in Real Estate. Today it would be impossible to fully finance a real estate project this way. For us there are a lot of things to learn in this process too. So we see this as a sandbox for future ways of finding co-investors for future projects. Is there a real company here? -Yes, the company is registered in UK with the name Norwegian Holdings Ltd, company number 13505223. Each 10 token is legally tied to 1 share in the company. There is total 1 million B shares in the company, connected to 10 million OsloFjordMarina tokens. Why a UK company for a Norwegian real estate development? -Shares in Norwegian companies can not legally be tokenised. Owning shares in a Norwegian company will require that each token/shareholder must register at different Norwegian government agencies, and each time a token/share changes ownership this demands lots of paperwork. -In the UK tokenizing shares are legal. In february 2023 the UK Jurisdiction Taskforce (UKJT) published a legal statement on the feasibility of UK companies issuing “digital securities”. This is legally binding for the UK government. Hence shares in Norwegian Holdings Ltd are lawfully tokenized into the OsloFjordMarina token. -In Norway we have our Norwegian Private Limited company. This company owns the land, this company takes out the credits in banks, signs construction contracts, sell the apartments and all that is done. Norwegian Holdings Ltd owns total 10% of the Norwegian development company. So when dividends are paid out to shareholders, Norwegian Holdings Ltd receives 10% of the profit. Then Norwegian Holdings pays out these money to its shareholders - the people who owns OsloFjordMarina Token. How do i get my dividends when the project is finished? -Our team of lawyers must do the following procedure when the project ends and money will be paid out: 1) You will be registered into the shareholders register the "old way". This means you must identify yourself. 2) You will get a contract from our lawyers, where you return the tokens to their wallet in exchange for dividends. Our lawyers will act as the guarantor for paying you. 3) The tokens you return will never again be in circulation. You will however still own your shares in Norwegian Holdings Ltd but this company will at this time pay back all their money to the investors. So the company will be empty. Maybe the shareholders at that time decides to find a new real estate project together. Can i earn money on trading the token before the project ends and the shareholders gets back their money? -Here comes the fun part, and your opportunity: The closer to finishing date the project comes, the higher the token shall raise in value. Just like us, we invested our own money into Oslo Fjord Marina. Each year until project end, we will see our investment grow in value. We test out tokenizing of the shares to see