{"id":24189,"date":"2026-02-19T10:20:42","date_gmt":"2026-02-19T09:20:42","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/porto-luis-i-bridge\/"},"modified":"2026-02-23T17:09:23","modified_gmt":"2026-02-23T16:09:23","slug":"porto-luis-i-bridge","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/porto-luis-i-bridge\/","title":{"rendered":"Porto &#8211; Luis I Bridge"},"content":{"rendered":"\n<p>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 <strong>CNMV<\/strong> as a Participatory Financing Service Provider, registered in the registry under number 9, with a favorable proposal from the <strong>Bank of Spain<\/strong>. <\/p>\n\n\n\n<p>Investor, before making your investment, please read the <a href=\"https:\/\/www.wecity.com\/en\/basic-information-for-the-investing-client\/\" target=\"_blank\" rel=\"noreferrer noopener\">basic information for the investor client<\/a>, as well as the <a href=\"https:\/\/www.wecity.com\/en\/basic-information-for-the-investing-client\/#periodo_reflexi%C3%B3n\">pre-contractual cooling-off period for inexperienced investors <\/a>.  <\/p>\n\n\n\n<p><strong>Skin in the game<\/strong>:  <em>&#8220;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 <a href=\"https:\/\/www.wecity.com\/en\/team\/\" target=\"_blank\" rel=\"noreferrer noopener\">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.&#8221; <\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The investment<\/h2>\n\n\n\n<div class=\"wp-block-group is-style-border-radius has-background\" style=\"background-color:#f5f7f6\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<ul class=\"wp-block-list\">\n<li><strong>Purpose of the loan:<\/strong> To finance part of the acquisition and work.<\/li>\n\n\n\n<li><strong>Collateral:<\/strong><sup>1st <\/sup>degree mortgage.<\/li>\n\n\n\n<li><strong>Term:<\/strong> 18 months (+6 months possible extension)<\/li>\n\n\n\n<li><strong>Required compliance: <\/strong>6 months.<\/li>\n\n\n\n<li><strong>Interest rate:<\/strong> 11.50% per annum.<\/li>\n\n\n\n<li><strong>Estimated total return:<\/strong> 17.25%<\/li>\n\n\n\n<li><strong>Interest payment:<\/strong> at maturity.<\/li>\n\n\n\n<li><strong>Current RICS appraisal: <\/strong>1.803.000 \u20ac<\/li>\n\n\n\n<li><strong>HET appraisal: <\/strong>5,904,500 \u20ac <strong>| HET LTV: <\/strong>22.02%<\/li>\n\n\n\n<li><strong>LTV 1st disposition: <\/strong>36.05%<\/li>\n\n\n\n<li><strong>Rating<\/strong>: <a href=\"https:\/\/www.wecity.com\/en\/risk-assessment-model\/\">AA<\/a><\/li>\n\n\n\n<li><strong>Contributions:<\/strong><ul><li><strong>Developer&#8217;s contribution:<\/strong> 650,000 \u20ac<\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li><strong>wecity loan<\/strong>: 1,300,000 \u20ac<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Minimum investment:<\/strong> 500 \u20ac<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p>The developer <strong>KOKYU PROPERTIES<\/strong> is requesting financing through an SPV, for part of the acquisition and carrying out the foundation and peripheral containment works of a multi-family housing building composed of 9 floors constituting a single building of 6 floors, located in Cal\u00e7ada da Serra, at numbers 94, 100 and 102, parish of Santa Marinha, in the city of <strong>Vila Nova de Gaia, Oporto<\/strong>.<\/p>\n\n\n\n<p>The asset has an area of 425 m\u00b2 and a gross construction area of 1,049.00 m\u00b2 and has a <strong>building permit granted<\/strong> (September 21, 2025).<\/p>\n\n\n\n<p>The project will be financed through a <strong>mortgage loan in the amount of \u20ac1,300,000, at a fixed rate, which will be secured by a first degree mortgage guarantee,<\/strong> with a term of <strong>18 months <\/strong>(+6 months of possible extension).<\/p>\n\n\n\n<p>To date, <strong>the <\/strong><strong>developer has contributed \u20ac180,000 of its own funds<\/strong> as an acquisition reserve and will contribute <strong>an additional \u20ac470,000 at the time of signing.<\/strong><\/p>\n\n\n\n<p>As collateral, the developer is assigning the building that is the subject of the project and the property is valued at \u20ac1,803,000 in its current condition.  <\/p>\n\n\n\n<p>The <strong>exit<\/strong> of wecity investors is planned with the entry of bank financing.<\/p>\n\n\n\n<p>Through wecity you can participate in a <strong>fixed rate loan<\/strong> operation with <strong>an annual interest rate of 11.50% for an estimated term of 18 months<\/strong> (6 months mandatory) with the possibility of extending for an additional 6 months<strong> <\/strong>.<\/p>\n\n\n\n<p>The payment of interest plus the return of the invested capital will be made<strong> at maturity<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Location and surroundings<\/h2>\n\n\n\n<iframe src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m18!1m12!1m3!1d3004.8238675616312!2d-8.612034489698011!3d41.138370811286705!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0xd2464ddebf34b11%3A0x6063ebd5aff8d630!2sCal%C3%A7ada%20da%20Serra%2094%2C%204430-236%20Vila%20Nova%20de%20Gaia%2C%20Portugal!5e0!3m2!1ses!2ses!4v1771498026563!5m2!1ses!2ses\" width=\"800\" height=\"600\" style=\"border:0;\" allowfullscreen=\"\" loading=\"lazy\" referrerpolicy=\"no-referrer-when-downgrade\"><\/iframe>\n\n\n\n<p>In <strong>Cal\u00e7ada da Serra (Vila Nova de Gaia)<\/strong> the location is very attractive for real estate due to its <strong>immediate proximity to the Douro and the historic center of Porto<\/strong>, with consolidated environment for <strong>housing and investment<\/strong> and, in many points, <strong>views<\/strong> and good walking distance.<\/p>\n\n\n\n<p>Nearby are the <strong>Jardim do Morro<\/strong>, the <strong>Miradouro\/Monasterio da Serra do Pilar<\/strong>, the <strong>Dom Lu\u00eds I Bridge<\/strong>, the <strong>Gaia Cable Car<\/strong> and the <strong>Cais de Gaia<\/strong> with <strong>port wine cellars<\/strong> and restaurants.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Mortgage collateral<\/h2>\n\n\n\n<p>The loan will be secured by a<sup>1st<\/sup> degree mortgage on the asset, located at Cal\u00e7ada da Serra, 94 <strong>(Vila Nova de Gaia, Porto).<\/strong> <\/p>\n\n\n\n<p>According to the appraisal report prepared by <strong>Structure value<\/strong>, the Current Appraisal amounts to <strong>\u20ac1,803,000<\/strong> and the Assumptions of Completed Building Appraisal (HET) to <strong><strong><strong>5.904.500 \u20ac<\/strong><\/strong><\/strong>. The loan to be made to the developer is \u20ac 1,300,000. This implies a Loan to Value (LTV) HET of <strong><strong>22,02%<\/strong><\/strong> and a Loan to Value (LTV) on first drawdown of <strong><strong>36,05%<\/strong><\/strong>.  <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Collateral agent<\/h2>\n\n\n\n<p>The constitution, conservation, management, administration and, if applicable, enforcement of the pledge on behalf of wecity&#8217;s investors shall be carried out by an entity external to wecity.<\/p>\n\n\n\n<p>In this case, the designated Collateral Agent will be the one indicated in the loan agreement.  <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">Rating<\/h2>\n\n\n\n<p>wecity, as a provider of equity financing services and in compliance with Delegated Regulation (EU) 2024\/358 supplementing Regulation (EU) 2020\/1503 of the European Parliament and of the Council, provides a <a href=\"https:\/\/www.wecity.com\/en\/risk-assessment-model\/\" target=\"_blank\" rel=\"noreferrer noopener\">description of the credit rating method<\/a><br> of the projects used to calculate the ratings. If the calculation is based on accounts that have not been audited, this shall be clearly stated in the description of the method. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">Monitoring<\/h2>\n\n\n\n<p>The promoter must justify the use of the funds in each of the applications. The use of the funds by the promoter will be monitored by a company external to wecity.   <\/p>\n","protected":false},"featured_media":24111,"template":"","class_list":["post-24189","oportunidades","type-oportunidades","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/oportunidades\/24189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/oportunidades"}],"about":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/types\/oportunidades"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/media\/24111"}],"wp:attachment":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/media?parent=24189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}