{"id":20544,"date":"2025-08-01T11:55:41","date_gmt":"2025-08-01T09:55:41","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/alentejo-sines-2\/"},"modified":"2025-08-11T14:29:01","modified_gmt":"2025-08-11T12:29:01","slug":"alentejo-sines-2","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/alentejo-sines-2\/","title":{"rendered":"Alentejo-Sines"},"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 cooling-off period for inexperienced investors <\/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 October 7, 2020 on European providers of equity financing, it is hereby informed that in this opportunity partners, managers and employees of wecity<\/a> may invest. 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

The investment<\/h2>\n\n\n\n
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  • Purpose of the loan:<\/strong> To finance acquisition and urbanization costs.<\/li>\n\n\n\n
  • Collateral: 1st degree mortgage <\/strong>(Sines)\n
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    • Current Valuation (RICS): 5.323.900 \u20ac<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Collateral: 1st degree mortgage<\/strong> (Comporta)\n
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      • Current Valuation (RICS): 3.091.600 \u20ac<\/li>\n<\/ul>\n<\/li>\n\n\n\n
      • LTVs<\/strong>\n
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        • Current LTV1st<\/sup> grade: 19.01%<\/li>\n\n\n\n
        • Current LTV phase I and II: 35.64%<\/li>\n<\/ul>\n<\/li>\n\n\n\n
        • Deadline:<\/strong> 9 months (+3 months possible extension)<\/li>\n\n\n\n
        • Required compliance: <\/strong>4 months<\/li>\n\n\n\n
        • Interest rate:<\/strong> 12% p.a.<\/li>\n\n\n\n
        • Estimated total return:<\/strong> 9%<\/li>\n\n\n\n
        • Interest payment:<\/strong> at maturity<\/li>\n\n\n\n
        • Contributions:<\/strong>
          • Promoter:<\/strong> 1.135.000,00 \u20ac<\/li><\/ul>\n
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            • Wecity Loan<\/strong> (Phase I): 1,600,000.00 \u20ac<\/li>\n<\/ul>\n<\/li>\n\n\n\n
            • Minimum investment:<\/strong> 500 \u20ac<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n

              The developer SOCCAL E VAZ INVEST, LDA<\/strong> requests a mortgage loan from wecity to finance the acquisition of a plot of land and for the urbanization works of the same.<\/p>\n\n\n\n

              The site is located in Courela da Cruz (lot 7), Sines<\/strong>, and will be used for the development of 100 homes.<\/strong> The total cost for the acquisition of the land is \u20ac 2,450,000. <\/p>\n\n\n\n

              The amount of the loan requested from wecity may have a maximum amount of 3,000,000 that will be distributed in two phases. <\/p>\n\n\n\n

              Phase I of the loan will be for \u20ac1,600,000, which together with the \u20ac1,135,000 provided by the developer will be used for the acquisition and acquisition costs of the site.<\/p>\n\n\n\n

              In Phase II of the loan, the developer will be able to activate up to an additional \u20ac1,400,000 to undertake the urbanization works on the plot while marketing the homes.<\/p>\n\n\n\n

              Wecity’s loan will have a first rank mortgage guarantee <\/strong>on the plot of land with a current appraisal of 5.323.900\u20ac and will also have as additional guarantee another first rank mortgage <\/strong>on a finished Villa for sale in Santa Margarida Serra (Comporta) appraised at 3.091.600\u20ac.<\/p>\n\n\n\n

              The repayment of the loan to wecity is expected to be achieved with the pre-sales of the homes in the development or with the sale of the Villa in Comporta.<\/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 9 months<\/strong> (4 months mandatory) with the possibility of an extension of 3 additional months at <\/strong>.<\/p>\n\n\n\n

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

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