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Unfortunately, this deal expired 14.03.2024
3 months ago
0

Investment Project in Torres Vedras-Playa Sta. Rita: Coastal Real Estate Gains

500 
/ max. 600,000 

About This Deal

WECITY, operating in compliance with EU Regulation 2020/1503 and Spanish legal standards, is presenting an investment opportunity in partnership with Sonhesquema LDA. The project focuses on financing the completion of a captivating coastal real estate development featuring five semi-detached homes in Rua da Capela 9, A dos Cunhados, Valongo, Torres Vedras. This venture is endorsed by CNMV and Banco de España.

 

Investors are offered a promising opportunity with the following key features: a 12-month timeline, an estimated total return of 11.00%, and an attractive annual interest rate of 11.00%.

 

The investment initiative involves a first-grade mortgage-backed loan aimed at covering construction expenses for the ongoing project, currently at a 60% completion rate. The development, situated on a spacious 2,500 m2 plot with a buildable area of 1,030 m2, promises five homes with sea-view gardens overlooking Praia de Santa Rita. The promoter, contributing €802,228 (57.21%), seeks an additional €600,000 from wecity investors, bringing the total funds to €1,402,228 for project completion.

 

Investors can engage with this opportunity with confidence, as the loan is secured by a first-grade mortgage. The risk is mitigated through a Loan to Value (LTV) of 74.18% based on a current €808,761 ECO valuation. A hypothetical completed building valuation of €1,632,000 yields an LTV of 36.76%. Prime Yield, an independent appraiser, ensures compliance with CMVM regulations.

 

In adherence to EU Regulation 2020/1503, wecity discloses that partners, executives, and employees may invest on the same terms as other investors, avoiding preferential treatment or privileged access to information.

 

In conclusion, investors are presented with a unique opportunity to participate in the Torres Vedras-Playa Sta. Rita project, benefiting from an 11.00% annual interest rate and a secure investment backed by a first-grade mortgage. With a completion progress of 60%, commercialization slated for March 2024, and the allure of a coastal location, this investment proposition holds significant promise.