{"id":14074,"date":"2024-05-21T10:51:20","date_gmt":"2024-05-21T08:51:20","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/madeira-villa-saudade\/"},"modified":"2025-03-13T17:00:29","modified_gmt":"2025-03-13T16:00:29","slug":"madeira-villa-saudade","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/madeira-villa-saudade\/","title":{"rendered":"Madeira-Villa Saudade"},"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

Promugal Unipessoal Lda<\/strong><\/strong><\/strong><\/strong><\/strong><\/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>“In 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.”<\/em><\/p>\n\n\n\n

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

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

The investment opportunity consists of financing the completion costs<\/strong> (currently 40% completed) of a luxury villa located in Lugar de Zimbreiros, T\u00e1bua, Ribeira Brava, Madeira Island, Portugal<\/strong>. The plot has an approximate area of 1,657m2<\/sup><\/strong> and has a total gross construction area of 415m2, of which 175m2<\/sup> above ground.<\/p>\n\n\n\n

The developer has already committed \u20ac709,000 of its own funds to the project<\/strong>. As a guarantee, the developer is providing two of the three homes in the development; the first one, already completed and valued at \u20ac2,850,000, and the second one, which is the one for which the financing is needed, and which in its current state is valued at \u20ac1,063,000. In total \u20ac3,913,000<\/strong> the value used to calculate the Loan to Value (LTV).<\/p>\n\n\n\n

The project will be financed through a mortgage loan of \u20ac1,000,000 at a fixed rate with 1st degree Mortgage Guarantee<\/strong> corresponding to PHASE I <\/strong>of a total loan, which can reach up to a maximum of \u20ac2,000,000 in 2 PHASES.<\/p>\n\n\n\n

The exit of the investors from wecity is foreseen with the sale of one of the two houses that the promoter gives as guarantee.<\/p>\n\n\n\n

With a minimum investment of 500 \u20ac<\/strong> and no investment limit, you can participate in this opportunity with excellent profitability and maximum guarantees.<\/p>\n\n\n\n

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Investment keys<\/strong><\/strong><\/strong><\/strong><\/strong><\/p>\n\n\n\n

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  • Purpose of the loan:<\/strong> To finance the completion of construction work on a luxury villa located in Lugar de Zimbreiros, T\u00e1bua, Ribeira Brava, Madeira Island, Portugal.<\/li>\n\n\n\n
  • Guarantee<\/strong>: 1st degree mortgage.<\/li>\n\n\n\n
  • Term<\/strong>: 18 months (+ 6 months possible extension).<\/li>\n\n\n\n
  • Interest rate<\/strong>: 12.50% per annum.<\/li>\n\n\n\n
  • Estimated total yield<\/strong>: 18.75%.<\/li>\n\n\n\n
  • Interest payment<\/strong>: at maturity.<\/li>\n\n\n\n
  • RICS valuation<\/strong>: \u20ac3.913.000 (current LTV: 25.56%).<\/li>\n\n\n\n
  • RICS valuation<\/strong> (HET): \u20ac6.305.000 (LTV HET: 31.72%)<\/li>\n\n\n\n
  • LTV First Disposal<\/strong>: 25.56%.<\/li>\n\n\n\n
  • Contributions<\/strong>:\n
      \n
    • Developer’s own funds<\/strong>: \u20ac709,000.<\/li>\n\n\n\n
    • Wecity investors<\/strong>: \u20ac2,000,000.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Minimum investment<\/strong>: \u20ac500.<\/li>\n\n\n\n
    • Maximum investment<\/strong>: No investment limits.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n

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

      The current appraisal for mortgage guarantee purposes (Ministerial Order ECO 805\/2003) amounts to \u20ac3,913,000<\/strong>, considering both guarantees. This represents a Loan to Value (LTV) over the current appraisal of 51.11%.<\/strong><\/p>\n\n\n\n

      The valuation based on the assumption of a completed building amounts to \u20ac6,305,000. This represents a Loan to Value (LTV) over the HET valuation of 31.74%.<\/strong><\/p>\n\n\n\n

      The Loan to Value (LTV) of the first disposition is 25.56%.<\/strong><\/p>\n\n\n\n

      The independent appraiser in charge of identifying the value is TINSA<\/strong>, whose corporate name is PVW TINSA – Avalia\u00e7\u00f5es Imobili\u00e1rias, Lda. and which is registered with the CMVM as an approved appraisal company under number PAI\/2003\/0050.<\/p>\n\n\n\n

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

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

      The project consists of financing the completion of the construction of a luxury villa located in Lugar de Zimbreiros, T\u00e1bua, Ribeira Brava<\/strong>, on the Portuguese island of Madeira<\/strong>.<\/p>\n\n\n\n

      \"\"<\/figure>\n\n\n\n

      Villa 3<\/strong>: financed by WECITY. 1st degree mortgage guarantee.
      Villa 1<\/strong>: 1st mortgage guarantee.<\/p>\n\n\n\n

      \"\"<\/figure>\n\n\n\n
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      \"\"<\/figure>\n\n\n\n
      \"\"<\/figure>\n\n\n\n

      <\/p>\n\n\n\n

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

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

      Madeira Island is known as the \u201cpearl of the Atlantic<\/strong>\u201d for its subtropical climate, exotic flora and fauna and stunning mountain scenery. More than half of the island is home to a huge nature reserve, known as Laurissilva, classified as a UNESCO<\/strong> World Heritage Site in 1999. With an area of 741 km2, Madeira Island is an oasis in the Atlantic where forests, cities, beaches and mountains preserve a great natural and cultural wealth.<\/strong><\/p>\n\n\n\n

      The island offers its visitors various activities, such as a visit to Cabo Gir\u00e3o, a famous viewpoint over the sea, a climb to Pico do Areeiro or a visit to the traditional triangular-shaped houses with blue and red details and thatched roofs in the area of Santana. For the more adventurous, the island also offers golf courses, jet skiing, windsurfing, scuba diving and surfing.<\/p>\n\n\n\n

      Since 2013, Madeira Island has been consecutively voted \u201cWorld’s Best Island Destination<\/strong>\u201d by the renowned World Travel Awards<\/strong>. This is one of the many distinctions that attest to the exceptional character of this archipelago, increasingly recognized as one of the most attractive tourist destinations worldwide.<\/strong><\/p>\n\n\n\n