{"id":16206,"date":"2024-10-03T16:47:20","date_gmt":"2024-10-03T14:47:20","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/oporto-gaia\/"},"modified":"2025-03-13T18:10:12","modified_gmt":"2025-03-13T17:10:12","slug":"oporto-gaia","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/oporto-gaia\/","title":{"rendered":"Oporto-Gaia"},"content":{"rendered":"\n

WECITY complies with the provisions of Regulation (EU) 2020\/1503 of the European Parliament and of the Council of 7 October 2020 on European providers of participative financing services for companies and Title V of Law 5\/2015 on the promotion of business financing as amended by Law 18\/2022 of 28 September on the creation and growth of companies. It is authorized by the CNMV<\/strong> as a Participatory Financing Service Provider, registered in the registry under number 9, with a favorable proposal from the Bank of Spain<\/strong>.<\/p>\n\n\n\n

Investor, before making your investment, please read the basic information for the investor client<\/a>, as well as the pre-contractual reflection period for inexperienced investors.<\/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 finance, it is hereby informed that <\/em>partners, managers and employees of wecity<\/em><\/a> may invest in this opportunity .<\/em> 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

The investment<\/h2>\n\n\n\n
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  • Purpose of the loan<\/strong>: Completion of construction work on seven dwellings located at Travessa das Ribeirinhas, in Vilar de Andorinho, Vila Nova de Gaia (Portugal).<\/li>\n\n\n\n
  • Collateral:<\/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> 12% per annum<\/li>\n\n\n\n
  • Estimated total return:<\/strong> 12%.<\/li>\n\n\n\n
  • Interest payment:<\/strong> at maturity<\/li>\n\n\n\n
  • RICS valuation (current):<\/strong> \u20ac1,160,200.00 | Current LTV: 66.37%.<\/li>\n\n\n\n
  • RICS valuation (HET):<\/strong> \u20ac1,910,420.00 | LTV HET: 40.30%<\/li>\n\n\n\n
  • First disposal:<\/strong> 209.575,90\u20ac | LTV HET: 18,06%.<\/li>\n\n\n\n
  • Contributions:<\/strong>\n
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    • Developer: 201.175\u20ac.<\/li>\n\n\n\n
    • Buyers: 821.617,28\u20ac.<\/li>\n\n\n\n
    • Wecity loan: 770.000,00\u20ac.<\/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

      The developer Norden LDA<\/strong>, is requesting financing through wecity to cover the cancellation of a mortgage debt<\/strong> and the costs of completing the construction<\/strong> of seven townhouses in Vila Nova de Gaia, Porto, Portugal.<\/strong><\/p>\n\n\n\n

      The plot has an approximate area of 2,404m2<\/sup>, with a total constructed area of 828m2<\/sup>. All the homes have already been sold (100%; 7 out of 7) and the buyers have made down payments of \u20ac821,617.28, which have been used to pay for the construction work, which is currently 70% complete.<\/p>\n\n\n\n

      The project will be financed through a \u20ac770,000 fixed-rate mortgage loan, which will be secured by a grade<\/strong> 1 mortgage guarantee.<\/strong> On the one hand, the funds will be used to cancel a mortgage on the plot of \u20ac150,000, of which \u20ac50,000 will be contributed by the wecity investors and the remaining \u20ac100,000 by the developer. On the other hand, the remaining funds will be used to complete the construction work.<\/p>\n\n\n\n

      The exit of the wecity investors will occur with the delivery of the homes to the buyers, once the First Occupancy License is obtained and the homes are deeded.<\/p>\n\n\n\n

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

      With a minimum investment of 500 \u20ac<\/strong>, you can participate in this opportunity with an excellent profitability and with the maximum guarantees. The total estimated profit is 12% for 12 months or 18% if the final term is with the 6 month extension.<\/p>\n\n\n\n

      The project<\/h2>\n\n\n\n
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      Location and environment<\/h2>\n\n\n\n