Each Syndikat project is owned by its own Haus-GmbH (€25,000 share capital), with the Syndikat holding a veto share that prevents resale into the speculative market. The Haus-GmbH is the borrower entity that raises Direktkredite (subordinated private loans) which banks accept as an equity substitute.
This is the legal form behind the dominant grassroots equity-substitute channel — relevant when a childless collective (excluded from Familienwohnen) needs a path that does not depend on a household gate.
Open question (not a fact): NL/FR/DK equivalents of this structure are named in research but unverified — do not assert them.
Related
- syndikat-direktkredit — the equity-substitute channel this entity raises
- saxony-frl-familienwohnen — the household-gated alternative it sidesteps