Rua do Bolhão, Oliveira do Douro VNG (IV) Portugal
Préstamo garantizado para proyecto inmobiliario de 8 casas adosadas en Portugal
- Fecha límite06.07.2022
- Comienzo del periodo de inversión07.07.2022
- Fecha de comienzo16.06.2022 06:00
- Clase de activosResidencial
- Tipo de inversiónPromoción urbanística
- Fecha de fin de la inversión07.07.2023
- Plazo pendiente10 meses
- Retorno esperado12% anual
- Rentabilidad de efectivo esperada%
- Número de inversores81
- Objetivo€55 000
With this investment opportunity, the Sponsor aims to raise 164 000 Euros. On the previous tranches, 109 000 Euros were raised, and we are now campaigning for the remaining 55 000 Euros. This amount will fund the start of all the infrastructure construction works. The Sponsor's idea is to sell the plots tied with a turn-key construction contract per plot, lowering the need for construction financing.
This project is developed in a contracted partnership between the Landowner and the Sponsor. In this case, the Landowner is offering the security of a 1st rank mortgage on the property, a plot of Real Estate urban land with construction capacity, in Rua do Bolhão, Oliveira do Douro, Vila Nova de Gaia, Portugal, to Crowdestate investors.
The property has an approved PIP - Pedido de Informação Prévia (Previous Information Request), confirming the construction capacity. This approval issued by the Vila Nova de Gaia's City Hall gives the Sponsor additional security regarding the zoning in place for the property. Therefore, engineering and specialties projects were developed with the first tranche, and the allotment request was submitted to the City Hall.
In the meantime, the Sponsor decided to change the number of houses from 7 to 8, now having smaller homes and higher sellable square meter prices. He was also able to request the approval of a lower VAT rate (from 23% to 6%), nondeductible in Portugal, because the project stands in an ARU zone (urban rehabilitation area).
After the allotment approval, with this second tranche, the Sponsor will start the infrastructure networks construction.
As per the attached appraisal, this collateral property has a market value of 413 958 Euros. Therefore, the maximum LTV for this opportunity is 64%.
The maximum goal of this opportunity is 55 000 Euros.
The interest rate of the loan is 12% per annum.
The loan period is 12 months, with a Sponsor's option to extend the loan period by 6 months with the obligation to increase the interest rate by 2% for the extended period.
The loan will be repaid from the sale of the divided plots, or the Sponsor's operating revenues.