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>, and 49,300 Euros with the <a href="https://crowdestate.eu/opportunity/Caminho_Torre_Velha_Sesmarias_Albufeira_III" target="">third tranche</a>, we are now campaigning for the fourth round of funding. The Project Owner wants to raise additional 205,400 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 59%. The interest rate of the loan is 14% per annum.The loan period is 10 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 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. 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>, and 49,300 Euros with the <a href="https://crowdestate.eu/opportunity/Caminho_Torre_Velha_Sesmarias_Albufeira_III" target="">third tranche</a>, we are now campaigning for the fourth round of funding. The Project Owner wants to raise additional 205,400 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 59%.The interest rate of the loan is 14% per annum.The loan period is 10 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.

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 <a href="https://crowdestate.eu/opportunity/Caminho_Torre_Velha_Sesmarias_Albufeira" target="">135,100 euro</a> edukat kaasamist esimeses, <a href="https://crowdestate.eu/opportunity/Caminho_Torre_Velha_Sesmarias_Albufeira_II" target="">110,200 eurot</a> teises ja <a href="https://crowdestate.eu/opportunity/Caminho_Torre_Velha_Sesmarias_Albufeira_III" target="">49,300 eurot</a> kolmandas rahastusvoorus, korraldame nüüd neljandat rahastusvooru. Projektiomanik soovib kaasata veel 205,400 eurot, et täita 500,000 euro suurune laenusumma.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 59%.Laenu intressimäär on 14% aastas.Laenuperiood on 10 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.

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>, and 49,300 Euros with the <a href="https://crowdestate.eu/opportunity/Caminho_Torre_Velha_Sesmarias_Albufeira_III" target="">third tranche</a>, we are now campaigning for the fourth round of funding. The Project Owner wants to raise additional 205,400 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 59%.The interest rate of the loan is 14% per annum.The loan period is 10 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.

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>, and 49,300 Euros with the <a href="https://crowdestate.eu/opportunity/Caminho_Torre_Velha_Sesmarias_Albufeira_III" target="">third tranche</a>, we are now campaigning for the fourth round of funding. The Project Owner wants to raise additional 205,400 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 59%. The interest rate of the loan is 14% per annum.The loan period is 10 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.

Portugal

Euro

Funding goal:	€ 205400
Expected return:	14 % p.a
Investment term:	16 months
Risk category:	B Risk assessment model
LTV:	Low risk %
Capital stack:	Secured loan

Caminho da Torre Velha, Sesmarias, Albufeira (IV)

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