{"id":14720,"date":"2024-06-20T09:45:42","date_gmt":"2024-06-20T07:45:42","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/oporto-edificio-azul\/"},"modified":"2025-03-13T17:13:04","modified_gmt":"2025-03-13T16:13:04","slug":"oporto-edificio-azul","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/oporto-edificio-azul\/","title":{"rendered":"Oporto-Edificio Azul"},"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

Alto do Monte Properties LDA<\/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

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

The investment opportunity consists of financing the purchase and refurbishment works of a 3-storey building located at Rua de Santo Ant\u00f3nio de Contumil 247, Porto (Portugal), where a development of 5 dwellings with parking and large common green areas will be developed. The project only requires a license for the transformation of the first floor, where there is a change of use to residential.<\/p>\n\n\n\n

The project will be financed through a fixed rate loan of 500,000 \u20ac, with a 1st degree mortgage guarantee on the asset.<\/p>\n\n\n\n

The developer will contribute \u20ac369,607 of its own funds for the purchase of the building and the payment of the fees. This amount, together with the \u20ac500,000 requested from WECITY investors, makes a total of \u20ac869,607 required for the development of the promotion.<\/p>\n\n\n\n

The repayment of the loan to the wecity investors will occur with the sale and delivery of the homes to the end buyers.<\/p>\n\n\n\n

Through wecity, you can participate in a fixed rate loan operation with an annual interest rate of 12% for an estimated term of 18 months (6 months mandatory) with the possibility of an extension of another 6 months. The estimated total return is 18% over 18 months (or 24% if the final term is extended for an additional 6 months).<\/p>\n\n\n\n

The interest payment + the return of the invested capital will be made at maturity and we will get out when the apartments are delivered to the buyers after the granting of the housing license and the respective final deeds of sale.<\/p>\n\n\n\n

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

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

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  • Purpose of the loan:<\/strong> to finance the purchase and renovation costs of a 5-unit building at Rua de Santo Ant\u00f3nio de Contumil 247, Porto, Portugal<\/li>\n\n\n\n
  • Collateral:<\/strong> 1st degree mortgage<\/li>\n\n\n\n
  • Term<\/strong>: 18 months<\/li>\n\n\n\n
  • Optional extension:<\/strong> 6 months<\/li>\n\n\n\n
  • Annual interest rate:<\/strong> 12%.<\/li>\n\n\n\n
  • Estimated total return:<\/strong> 18%.<\/li>\n\n\n\n
  • Interest payment:<\/strong> at maturity<\/li>\n\n\n\n
  • RICS appraisal: <\/strong>617.300\u20ac | current LTV: 80.99%<\/li>\n\n\n\n
  • RICS HET appraisal:<\/strong> 1.612.900 \u20ac | LTV: 31,01 %<\/li>\n\n\n\n
  • LTV appraisal First disposal:<\/strong> 66.32%.<\/li>\n\n\n\n
  • Contributions:<\/strong>\n
      \n
    • Developer:<\/strong> 369,607<\/li>\n\n\n\n
    • WECITY Loan:<\/strong> 500,000 \u20ac.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Minimum investment:<\/strong> 500 \u20ac.<\/li>\n\n\n\n
    • Maximum investment:<\/strong> No limits<\/li>\n\n\n\n
    • Pre-sales:<\/strong> 0% (0\/5 units)<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
      <\/div>\n\n\n\n

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

      The current RICS valuation for mortgage collateral purposes amounts to 617.300\u20ac. This represents a Loan to Value (LTV) over the current valuation of 80.99%.<\/p>\n\n\n\n

      The valuation under the Completed Building Assumption amounts to 1.612.900 \u20ac. This represents a Loan to Value (LTV) over the HET valuation of 31.01%.<\/p>\n\n\n\n

      The first disposal Loan to Value (LTV) is 66.32%.<\/p>\n\n\n\n

      The independent appraiser in charge of identifying the value is GESVALT, whose corporate name is GESVALT premium, S.A., and which is registered with the CMVM as an approved appraisal company under number PAI\/2017\/0092.<\/p>\n\n\n\n

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

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

      The project consists of participating in the financing of the purchase of a 3-story building with 5 dwellings and the rehabilitation and renovation works of the same, for subsequent sale, located at Rua de Santo Ant\u00f3nio de Contumil 247, in Oporto, Portugal.<\/p>\n\n\n\n

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

      Plans for the proposed rehabilitation of the building<\/p>\n\n\n\n

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

      Current condition of the building<\/p>\n\n\n\n

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

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

      Porto, the second largest city in Portugal, has a population of approximately 237,000 inhabitants and covers about 45 square kilometers in the northwest of the Iberian Peninsula. It is known as the capital of northern Portugal and its historic center is a UNESCO World Heritage Site. It is located on the north bank of the Douro River, with Vila Nova de Gaia to the south.<\/p>\n\n\n\n

      Thanks to its strategic location, Porto has an excellent communications network that connects it easily with the rest of Portugal and Europe. In addition, Porto airport is only ten minutes away by car, providing flights to various international destinations.<\/p>\n\n\n\n

      As the seat of the municipality and capital of the District and Metropolitan Area of Porto, which includes 18 municipalities with nearly 1,300,000 inhabitants in total and an area of almost 2,400 km\u00b2, the city is 320 kilometers from Lisbon.<\/p>\n\n\n\n