Crowdfunding of condominium

Sammanfattning: The purpose of this thesis is to investigate whether a specific method of financing, so called Crowd Funding, CF, can be applied on the Swedish housing market. Limitations are made to the housing market of Stockholm since it is different in many ways from the housing market in the rest of the country. Real estate is only mentioned as examples of items in different funding methods when the new solution is aimed primarily for the condominium market. Problems are identified and investigated through interviews with officials involved in funding. Preliminary there is a historical background to the proposal, various needs that have arisen and why. The background includes the concept of CF as a method, its application and what it is that makes it so successful. This is followed by an overview of the conventional lending market in Sweden and an overview of a range of alternative financing methods that could be applied to the condominium property today. A solution based on a combination of CF and conventional mortgages is presented. It also follows issues that must be investigated and resolved in connection with the use of CF in combination with conventional mortgages. The problems are discussed in interviews with relevant officials and presented under the heading Results of the investigations. A brief overview of client funds and client accounts is provided as background for the reader to follow the reasoning that follows. Finally, there is a draft legally tenable agreement that could be applied to the presented solution. The thesis discusses legal parties and concepts in situations that might arise. Under alternative financing methods situations are discussed between lenders and borrowers. Lenders are usually institutional lenders, but may include private lenders as well. Borrowers are generally individuals. The whole relationship is built up as a form of credit where the risk premium is paid in a form of an option. This means that the funding schemes are mixed in a new form of financing, why the parties' names also may be mixed.