Funded
  • Deadline
    18.11.2021
  • Start of investment period
    03.11.2021
  • Start time
    29.10.2021 10:15
  • Asset class
    Industrial
  • Investment type
    Development
  • Investment end date
    02.08.2022
  • Remaining term
    8 months
  • Expected rate of return
    11% p.a.
  • Expected cash yield
    %
  • No of investors
    324
  • Goal
    €130 000

Executive summary

With this project, the Sponsor aims to raise a total of 130,000 Euros by providing the first-rank mortgage on a property located in Rua Guarani, Romariz, Santa Maria da Feira, in Portugal. 

The estimated market value of the collateral is 220,000 Euros. The collateral includes a warehouse composed of a ground floor consisting of ample space, kitchenette, male and female changing rooms, hall, bathroom, and office.

The loan amount will be used for the completion of the Promissory Sale and Purchase Agreement (PSPA). 

The Sponsor will establish the first-rank mortgage at the exact moment of this PSPA signature.

According to the attached expert assessment, the project's short-term liabilities ratio to the collateral (LTV) value is 60%.

The interest rate of the loan is 11% per annum.

The principal and interest payment will be made as a bullet payment at the end of the loan period.

This is a short-term investment opportunity. The loan period is 9 months with a Sponsor's option to extend the loan period by 3 months with the obligation to increase the interest rate by 2% for the extended period.

The source of loan repayment will be the Sponsor's funds, bank loan, sale of other sponsor properties, or sale of this property.

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