#6791 Bridge loan - 1.stage (Portugal) Real estate crowdfunding Real estate crowd investment and crowdfunding

#6791 Bridge loan - 1.stage (Portugal) Real estate crowdfundingCrowd investment project

Real estate
The loan is used to finance the purchasing of a property. The loan will be repaid by refinancing, from the sale of the collateral property, or from the incoming business revenues
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Goal: 385000 €
Goal: 385000 €
The loan is used to finance the purchasing of a property.The loan will be repaid by refinancing, from the sale of the collateral property, or from the incoming business revenues of the company.The loan is secured with a first rank mortgage.Borrower adds a 1% bonus to annual interest for investments of at least €10,000 (combined annual interest 13%).
The project consists of a fully approved large development site in the South of Portugal beside the historic capital of the region Silves and a short distance from the Algarve coast, the Monchique mountains, and multiple beautiful nature areas.
The planning permission issued is for a country club-style resort with 154 units and a supporting clubhouse and multiple sports facilities.

The borrower retains the opportunity to raise additional capital if necessary, provided that the ratio of the loan and the market value of the collateral (LTV) does not exceed 30%.
The established mortgage will also cover loans of additional stages of financing.
Prior to the additional stages of financing, construction supervision must confirm the completed works (if construction has commenced and works have been performed in a considerable amount) and a third party must assess the market value of the collateral.
The LTV in the 1 stage is 7.3% and can increase to 30% in further stages.


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