With this project, the Sponsor aims to raise a total of 500 000 Euros by providing a second-rank mortgage on a property in Caminho da Torre Velha, Sesmarias, Albufeira, a well-known holiday location in the Algarve, Portugal. The collateral includes a 5 070m2 plot of land with 10 townhouses units, two groups of 5 units each in a gated condominium with a shared garden and two swimming pools. This project was concluded in the past, but due to the subprime crisis's events with the original project Sponsor, it never got the final usage license and couldn't complete the commercialization.As per the attached appraisal, the estimated market value of the collateral is 4 200 000 Euros. <a href="https://crowdestate.eu/opportunity/Caminho_Torre_Velha_Sesmarias_Albufeira" target="">After successfully raise 135 100 Euros on the first tranche</a>, we are now campaigning for the second round of funding, where the Sponsor wants to raise 164 900 Euros out of a total 500 000 Euros. The remaining loan amount will be mobilized through the next funding rounds.The Sponsor got a bank loan worth 2 000 000 Euros to purchase the property, and now he is looking to raise this additional amount to proceed with renovation work on the property, get the usage license from the City Hall, and then sell the units.A commercial bank has the first-rank mortgage registered under its name. Crowdestate investors will have the second rank mortgage.According to the attached appraisal, considering this tranche's value, the ratio of the project's short-term liabilities to the value of the collateral (LTV) is 53%. Therefore, after the subsequent tranches, the maximum LTV for this project is 60%.The interest rate of the loan is 14% per annum.The loan period is 12 months, with a Sponsor's option to extend it by 6 months with the obligation to increase the interest rate by 2% for the extended period.The principal and interest payment will be made as a bullet payment or earlier following the sales of the townhouses.The source of loan repayment will happen with the sale of real estate townhouse units.

Real estate investing opportunity in Portugal for property development offering 14% annual interest rate.

Investing in real estate opportunity | Caminho da Torre Velha, Sesmarias, Albufeira, Portugal

With this project, the Sponsor aims to raise a total of 500 000 Euros by providing a second-rank mortgage on a property in Caminho da Torre Velha, Sesmarias, Albufeira, a well-known holiday location in the Algarve, Portugal. The collateral includes a 5 070m2 plot of land with 10 townhouses units, two groups of 5 units each in a gated condominium with a shared garden and two swimming pools. This project was concluded in the past, but due to the subprime crisis's events with the original project Sponsor, it never got the final usage license and couldn't complete the commercialization.As per the attached appraisal, the estimated market value of the collateral is 4 200 000 Euros. <a href="https://crowdestate.eu/opportunity/Caminho_Torre_Velha_Sesmarias_Albufeira" target="">After successfully raise 135 100 Euros on the first tranche</a>, we are now campaigning for the second round of funding, where the Sponsor wants to raise 164 900 Euros out of a total 500 000 Euros. The remaining loan amount will be mobilized through the next funding rounds.The Sponsor got a bank loan worth 2 000 000 Euros to purchase the property, and now he is looking to raise this additional amount to proceed with renovation work on the property, get the usage license from the City Hall, and then sell the units. A commercial bank has the first-rank mortgage registered under its name. Crowdestate investors will have the second rank mortgage.According to the attached appraisal, considering this tranche's value, the ratio of the project's short-term liabilities to the value of the collateral (LTV) is 53%. Therefore, after the subsequent tranches, the maximum LTV for this project is 60%.The interest rate of the loan is 14% per annum.The loan period is 12 months, with a Sponsor's option to extend it by 6 months with the obligation to increase the interest rate by 2% for the extended period.The principal and interest payment will be made as a bullet payment or earlier following the sales of the townhouses.The source of loan repayment will happen with the sale of real estate townhouse units.

Meie järgimse investeerimisvõimalusega on Projektiomaniku eesmärgiks koguda kokku 500,000 eurot, pakkudes teise järjekoha hüpoteeki kinnisvarale, mis asub Portugalis, Caminho da Torre Velha, Sesmarias, Albufeiras, tuntud puhkekohas Algarves. Tagatis hõlmab 5,070 m2 suurust maatükki, millel on 10 ridaelamuühikut - kaks 5 ühiku rühma, mõlemad korterelamud on aiaga piiritletud, neil on ühine aed ja kaks basseini. See projekt on juba mõnda aega tagasi lõpule viidud, kuid eelmise omaniku finantsraskuste tõttu  ei suudetud projekti edukalt lõpetada. Lisatud hindamisakti kohaselt on tagatise hinnanguline turuväärtus 4,200,000 eurot.  <a href="https://crowdestate.eu/opportunity/Caminho_Torre_Velha_Sesmarias_Albufeira" target="">Pärast 135,100 euro edukat kaasamist esimeses rahastusvoorus</a>, korraldame nüüd teist rahastusvooru, kus Projektiomanik soovib kaasata 164,900 eurot 500,000 euro suurusest kogusummast. Ülejäänud laenusumma kaasatakse järgmiste rahastamiste kaudu.Projektiomanik sai kinnistu ostmiseks 2,000,000 euro suuruse pangalaenu. Kaasatavad vahendid lubavad jätkata kinnistu renoveerimist, saada linnavalitsuselt kasutusluba ja seejärel müüa üksused.Kommertspank on registreerinud oma nimele esimese järjekoha hüpoteegi. Crowdestate'i investoritele jääb teise järjekoha hüpoteek.Lisatud hindamisakti kohaselt on tagatise väärtus (LTV) 53%, võttes arvesse selle rahastusvooru väärtust ja projekti lühiajaliste kohustuste suhtarvu. Seega on selle projekti maksimaalne LTV pärast järgmisi rahakaasamisi 60%.Laenu intressimäär on 14% aastas.Laenuperiood on 12 kuud. Projektiomanikul on võimalus seda pikendada 6 kuu võrra, kohustusega tõsta intressimäära 2% võrra pikendatud perioodi ajaks.Põhiosa- ja intressimakse tehakse ühekordse maksena või varem, pärast ridaelamute müüki.Laenu tagasimakse allikaks on kinnisvara, ridaelamute, müük.

Portugal

Euro

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Caminho da Torre Velha, Sesmarias, Albufeira (II)

Rahastuseesmärk:	€ 164900
Oodatav tootlus:	14 % aastas
Investeerimisperiood:	18 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Caminho da Torre Velha, Sesmarias, Albufeira (II)

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