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. After successfully raising 135,100 Euros with the <a href="https://crowdestate.eu/opportunity/Caminho_Torre_Velha_Sesmarias_Albufeira" target="">first tranche</a>, 110,200 Euros with the <a href="https://crowdestate.eu/opportunity/Caminho_Torre_Velha_Sesmarias_Albufeira_II" target="">second tranche</a>, 49,300 Euros with the <a href="https://crowdestate.eu/opportunity/Caminho_Torre_Velha_Sesmarias_Albufeira_III" target="">third tranche</a>, 20,200 Euros with the <a href="https://crowdestate.eu/opportunity/Caminho_Torre_Velha_Sesmarias_Albufeira_IV" target="">fourth tranche</a>, 61,000 Euros with the <a href="https://crowdestate.eu/opportunity/Caminho_Torre_Velha_Sesmarias_Albufeira_V" target="">fifth tranche</a>, we are now campaigning for the sixth round of funding. The Project Owner wants to raise additional 124,200 Euros, to complete the total 500,000 Euros loan amount.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 60%. The interest rate of the loan is 15% per annum.The loan period is 9 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.The withholding tax rate for all projects based in Portugal is 10% for all investors.

Real estate investing opportunity in Portugal for property development offering 15% annual interest rate.

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

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. Pärast 135,100 euro edukat kaasamist esimeses, 110,200 eurot teises, 49,300 eurot kolmandas, 20,200 eurot neljandas ning 61,000 eurot viiendas rahastusvoorus, korraldame nüüd kuuendat rahastusvooru. Projektiomanik soovib kaasata ülejäänud 124,200 eurot 500,000 euro suurusest kogusummast. Projektiomanik sai kinnistu ostmiseks 2,000,000 euro suuruse pangalaenu. Käesoleva projekti käigus kaasatavad vahendid lubavad jätkata kinnistu renoveerimist, saada linnavalitsuselt kasutusluba ja seejärel müüa üksused. Esimese järjekoha hüpoteek on registreeritud kinnistu ostu rahastanud kommertspanga kasuks. Crowdestate'i investorite nõudeid tagab teise järjekoha hüpoteek.Võttes arvesse kinnistu väärtust ning projekti kohustuste summat on selle projekti LTV 60%.Laenu intressimäär on 15% aastas.Laenuperiood on 9 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 ridaelamukorterite müük.Kõigi Portugalis asuvate projektide kinnipeetav maksumäär on 10% kõikidele investoritele.

Portugal

Euro

WhatsApp Image 2023-01-18 at 08.54.18.jpeg

Rahastuseesmärk:	€ 124200
Oodatav tootlus:	15 % aastas
Investeerimisperiood:	10 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Caminho da Torre Velha, Sesmarias, Albufeira (VI)

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