• Deadline
  • Start of investment period
  • Start time
    30.06.2021 09:00
  • Asset class
  • Investment type
  • Investment end date
  • Remaining term
    Overdue 90+ days
  • Expected rate of return
    10% p.a.
  • Expected cash yield
  • No of investors
  • Goal
    €120 000

Executive summary

With this project, the Sponsor aims to raise a total of 230 000 Euros by providing the first-rank mortgage on a property located in Almancil, a well-known holiday resort in Portugal. 

The estimated market value of the collateral is 3 950 000 Euros. The collateral includes approx 25 000 m2 with a furnished 4-bedroom villa and a 3-bedroom annex. 22 000 m2 of the land is unused and natural. The buildings are currently not being used.

There are many villas of the same type and similar value in the vicinity of the property. It is one of the most valued regions in Portugal.

Through this, the first round of funding, the Sponsor intends to raise 120 000 Euros. The remaining loan amount will be mobilized through the next funding round.

According to the attached expert assessment, the ratio of the project's short-term liabilities to the value of the collateral (LTV) is 6%.

The interest rate of the loan is 10% per annum.

Interests payments are made quarterly.

The loan period is 24 months.

The source of loan repayment is the sale of real estate.


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