• Deadline
  • Start of investment period
  • Start time
    12.07.2022 20:30
  • Asset class
  • Investment type
  • Investment end date
  • Remaining term
    10 months
  • Expected rate of return
    12% p.a.
  • Expected cash yield
  • No of investors
  • Goal
    €20 800

Executive summary

With this investment opportunity, the Crowdestate investors have the opportunity of investing in a real estate secured mortgage bridge loan in the amount of 20 800 Euros.

In previous tranches, a total of 194 200 Euros was raised.

The purpose of the loan is to provide the initial capital for the start of the construction works in the real estate property located in Avenida Fernão Magalhães, Miramar, Arcozelo, Vila Nova de Gaia, Portugal.

This project has 2 Luxury Villas (Villa A and B), extremely well-located meters away from the beach.
Villa B is already sold, and Villa A has recently entered the market, priced at 1 350 000 Euros.

To secure this loan of 20800 Euros, the Sponsor is offering the first-rank mortgage over the real estate project land named Heliantia House, Vila Nova de Gaia, Portugal, a real estate development project that is currently under licensing process at the city hall. According to the attached appraisal, the estimated market value of this real estate collateral is 361 000 Euros. Therefore, considering the 1st tranche of 60 000 Euros, the 2nd and 3rd tranche of 45 000 Euros, the 4th tranche of 44 200 Euros, and now this 5th tranche of 20 800 Euros, if Crowdestate investors fund the total amount, we reach an LTV of 60%.

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 principal and interest payments will be made at the end of the loan period.

The loan will be repaid from the sale of the property, sale of the collateral, refinancing, or the Sponsor's operating revenues.



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