{"id":11566,"date":"2024-02-29T17:40:13","date_gmt":"2024-02-29T16:40:13","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/torres-vedras-santa-rita\/"},"modified":"2025-03-13T16:46:08","modified_gmt":"2025-03-13T15:46:08","slug":"torres-vedras-santa-rita","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/torres-vedras-santa-rita\/","title":{"rendered":"Torres Vedras-Playa Sta. Rita"},"content":{"rendered":"\n

WECITY complies with Law 5\/2015 and with Regulation<\/strong> (EU) 2020\/1503 of the European Parliament and of the Council<\/strong> of 7 October 2020 on European providers of crowdfunding services for companies. It is authorized by the CNMV<\/strong> as a Participatory Financing Platform registered under number 30<\/strong>, with a favorable proposal from the Bank of Spain<\/strong>.<\/p>\n\n\n\n

Sonhesquema LDA<\/strong>,<\/strong><\/strong> requests financing from wecity for this investment opportunity. Investor, before making your investment please read the basic information for the investor client<\/a>.<\/p>\n\n\n\n

Skin in the game: <\/strong>\u201cIn compliance with Article 8.2 of Regulation (EU) 2020\/1503 of the European Parliament and of the Council of 7 October 2020 on European providers of equity financing, we hereby inform you that partners, managers and employees of wecity may invest in this opportunity.<\/a> These investments will be made under the same conditions as those of other investors without receiving preferential treatment or privileged access to information.\u201d<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

The investment<\/h2>\n\n\n\n

The investment opportunity consists of a loan with 1st degree mortgage guarantee<\/strong>, destined to finance the construction costs for the completion of a development of 5 semi-detached houses<\/strong> in Rua da Capela 9, A dos Cunhados, Valongo, Torres Vedras. The exit of the investors from wecity will take place with the sale and delivery of the homes, once the First Occupancy License is obtained. Currently, the degree of construction progress is 60%.<\/p>\n\n\n\n

The plot has a buildable area of 1,030 m2<\/sup> built on a plot of more than 2,500 m2.<\/sup> The project consists of the completion of a development of 5 semi-detached houses with garden overlooking the sea and Praia de Santa Rita.<\/strong> The developer has a license for the completion of the works and will start marketing in March 2024.<\/p>\n\n\n\n

The developer is providing its own funds in the amount of 802,228 \u20ac (57.21%)<\/strong> which, together with the 600,000 \u20ac <\/strong>requested from wecity investors, add up to a total of 1,402,228 \u20ac of funds necessary for the completion of the project.<\/p>\n\n\n\n

Through wecity you can participate in a fixed-rate loan operation with an annual interest rate of 11% for an estimated term of 12 months<\/strong> (6 months mandatory) with the possibility of extending for an additional 6 months.<\/p>\n\n\n\n

With a minimum investment of 500 \u20ac, you can participate in this opportunity with an excellent profitability and with the maximum guarantees. The estimated total return is 11% for 12 months or 16.50% if the final term is with the 6-month extension.<\/p>\n\n\n\n

The payment of interest + the return of the invested capital will be made at maturity.<\/p>\n\n\n\n

<\/div>\n\n\n\n
\n

Keys<\/strong><\/p>\n\n\n\n

    \n
  • Purpose of the loan:<\/strong> Construction costs to complete the construction of a 5-home development at Rua da Capela 9, A dos Cunhados, Valongo, Torres Vedras.<\/li>\n\n\n\n
  • Guarantee:<\/strong> 1st degree mortgage.<\/li>\n\n\n\n
  • Term:<\/strong> 12 months (+ 6 months possible extension).<\/li>\n\n\n\n
  • Interest rate: <\/strong>11% per annum.<\/li>\n\n\n\n
  • Estimated total yield:<\/strong> 11%.<\/li>\n\n\n\n
  • Interest payment:<\/strong> at maturity<\/li>\n\n\n\n
  • RICS appraisal: <\/strong>808,761 \u20ac (current LTV: 74.18%)<\/li>\n\n\n\n
  • RICS appraisal (future): <\/strong>\u20ac1,632,000 (LTV: 36.76%)<\/li>\n\n\n\n
  • LTV First drawdown appraisal:<\/strong> 15.69 %.<\/li>\n\n\n\n
  • Contributions:<\/strong>\n
      \n
    • Developer’s own funds:<\/strong> 802,228 \u20ac (57.21%).<\/li>\n\n\n\n
    • WECITY investors:<\/strong> \u20ac600,000.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Minimum investment:<\/strong> 500 \u20ac.<\/li>\n\n\n\n
    • Maximum investment:<\/strong> No investment limits<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
      <\/div>\n\n\n\n

      RICS Valuation<\/h2>\n\n\n\n

      The current appraisal for mortgage guarantee purposes amounts to \u20ac808,761<\/strong>. This represents a Loan to Value (LTV) over the current appraisal of 74.18%. The appraisal complies with Law 125\/2015 according to CMVM Regulation 2\/2015.<\/p>\n\n\n\n

      The appraisal on the assumption of a completed building amounts to \u20ac1,632,000<\/strong>. This represents a Loan to Value (LTV) on HET appraisal of 36.76%.<\/p>\n\n\n\n

      The Loan to Value (LTV) on first disposal is 15.69%<\/strong>.<\/p>\n\n\n\n

      The independent appraiser in charge of identifying the value is PRIME YIELD,<\/strong> whose corporate name is Prime Yield – Consultadoria e Avalia\u00e7\u00e3o Imobili\u00e1ria, Lda and is registered with the CMVM under number AVFII\/05\/013.<\/p>\n\n\n\n

      <\/div>\n\n\n\n

      The project<\/h2>\n\n\n\n

      The project consists of the development of 5 houses with private garden<\/strong> located at Rua de Capela, 9, A Dos Cunhados, Valongo, Torres Vedras (Lisbon).<\/strong><\/p>\n\n\n\n

      \"Inversi\u00f3n<\/figure>\n\n\n\n

      Plot plan<\/strong> (you can see the rest of the plans in the Documents section)<\/p>\n\n\n\n

      \"Inversi\u00f3n<\/figure>\n\n\n\n
      \"Inversi\u00f3n<\/figure>\n\n\n\n
      \"Inversi\u00f3n<\/figure>\n\n\n\n
      \"Inversi\u00f3n<\/figure>\n\n\n\n
      <\/div>\n\n\n\n

      Location<\/h2>\n\n\n\n

      Located about 60 km from the center of Lisbon<\/strong> and 54.8 km from Lisbon airport, the Uni\u00e3o de Freguesias de A dos Cunhados e Maceira is one of the largest parishes in the municipality of Torres Vedras<\/strong>. Together with the parishes of Silveira and S\u00e3o Pedro da Cadeira, A dos Cunhados e Maceira shares some 20 kilometers of golden sand and beautiful beaches between Santa Cruz and Porto Novo<\/strong>, areas that triple their population during the summer season due to the countless tourists, generating high occupancy rates.<\/p>\n\n\n\n

      Just 1 kilometer away is the beautiful beach of Santa Rita<\/strong>, with a large expanse of sand bordered by hills and dunes covered with vegetation. The beach stands out for its strong waves which makes it an ideal destination for water sports enthusiasts.<\/p>\n\n\n\n

      \"Inversi\u00f3n<\/figure>\n\n\n\n
      <\/div>\n\n\n\n

      The mortgage guarantee<\/h2>\n\n\n\n

      The loan will be secured by a 1st degree mortgage on the asset and the building, located at Rua da Capela 9, A dos Cunhados, Valongo, Torres Vedras.<\/p>\n\n\n\n

      According to the appraisal report carried out by Prime Yield, the current appraisal amounts to \u20ac808,761. The loan to be made to the developer is 600,000 \u20ac, which implies a Loan to Value (LTV) on the current appraisal of 74.18% and a Loan to Value of 1st disposal of 15.69%.<\/p>\n\n\n\n

      The HET appraisal (Hypothetical finished building) amounts to \u20ac1,632,000, which represents a Loan to Value HET of 36.76%.<\/p>\n\n\n\n

      <\/div>\n\n\n\n

      Collateral agent<\/h2>\n\n\n\n

      The constitution, preservation, management, administration and, if applicable, enforcement of the real estate mortgage rights on behalf of the investors will be carried out by an entity external to wecity.<\/p>\n\n\n\n

      In this case the Collateral Agent appointed is Repor Collateral Agent LDA.<\/strong><\/p>\n\n\n\n

      The Collateral Agent is an entity that is professionally and habitually engaged in the provision of fiduciary services in securities issues and similar and has the capacity, means and experience necessary to act as agent and agent for the purposes of the constitution, preservation, management, administration and, if applicable, execution, of the Mortgage in guarantee of the obligations assumed by the Promoter Company towards the Principals participating in the Opportunity.<\/p>\n\n\n\n

      The Collateral Agent acts as an indirect agent of the investors for the purpose of constituting, managing, administering and executing, as the case may be, the Mortgage in its own name, but on behalf of the investors.<\/p>\n\n\n\n

      <\/div>\n\n\n\n

      Monitoring<\/h2>\n\n\n\n

      The promoter must justify the use of the funds in each of the provisions requested. The use of the funds by the promoter will be monitored by a company external to wecity.<\/p>\n\n\n\n

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