{"id":27862,"date":"2026-09-09T13:38:19","date_gmt":"2026-09-09T11:38:19","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/algarve-silves\/"},"modified":"2026-09-15T12:57:42","modified_gmt":"2026-09-15T10:57:42","slug":"algarve-silves","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/algarve-silves\/","title":{"rendered":"Algarve, Silves"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>wecity<\/strong> 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 under number 9, with a favorable proposal from the <strong>Bank of Spain<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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 class=\"wp-block-paragraph\"><strong>Skin in the game<\/strong>: <em>\u201cIn accordance with Article 8.2 of Regulation (EU) 2020\/1503 of the European Parliament and of the Council of October 7, 2020, on European crowdfunding providers, we hereby inform you that <a href=\"https:\/\/www.wecity.com\/en\/team\/\" target=\"_blank\" rel=\"noreferrer noopener\">partners, executives, and employees of <strong>wecity<\/strong><\/a> may invest on this occasion. 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<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>Type<\/strong>: Residential.<\/li>\n\n\n\n<li><strong>Purpose of the loan:<\/strong> Purchase.<\/li>\n\n\n\n<li><strong>Collateral:<\/strong><sup>First-lien <\/sup>mortgage.<\/li>\n\n\n\n<li><strong>Term:<\/strong> 12 months (with a possible 6-month 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 year.<\/li>\n\n\n\n<li><strong>Estimated total return:<\/strong> 11.50%<\/li>\n\n\n\n<li><strong>Interest payment:<\/strong> at maturity.<\/li>\n\n\n\n<li><strong>Current Appraisal (RICS): \u20ac <\/strong>3 ,105,200 <strong>| LTV:<\/strong> 32.20%<\/li>\n\n\n\n<li><strong>HET appraisal: <\/strong>\u20ac15 ,972,300<strong> | LTV: <\/strong>6 . 26 %<\/li>\n\n\n\n<li><strong>Rating<\/strong>: <a href=\"https:\/\/www.wecity.com\/en\/risk-assessment-model\/\">AAA<\/a><\/li>\n\n\n\n<li><strong>Contributions:<\/strong><ul><li><strong>Developer:<\/strong> \u20ac450,000<\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li><strong>wecity loan:<\/strong> \u20ac1.000.000,00 <\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Minimum investment:<\/strong> \u20ac500 <\/li>\n\n\n\n<li><strong>Maximum investment:<\/strong> \u20ac500 during the first half hour.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The developer <strong>, CONSFLY,<\/strong> is seeking financing through wecity to cover part of <strong>the cost of acquiring a plot of land<\/strong> that will be used for the construction of a <strong>complex consisting of a total of 39 units<\/strong> on Rua da Alegria in Arma\u00e7\u00e3o de P\u00eara, Silves, Algarve.  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The lot has a total area of 675<sup>m2<\/sup> and a buildable area of 3,894<sup>m2.<\/sup> From a <strong>zoning<\/strong> perspective, the <strong>zoning permit has already been granted<\/strong>, so the developer can begin construction after properly processing the application and paying the fees through self-assessment, without having to wait for a formal authorization from the government. From a commercial standpoint, marketing has not yet begun.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The acquisition cost of the asset amounts to<strong> \u20ac1,260,000 plus <\/strong>applicable taxes. To date, the developer has contributed<strong>\u20ac450,000 in equity<\/strong> (allocated to the purchase of the land, with the remainder going toward technical expenses). The commercial phase will begin once the financing structure is finalized.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The opportunity is structured through a <strong>\u20ac1,000,000 mortgage loan at an annual interest rate of 11.50%<\/strong>, which will be used to cover part of the land purchase, fees, and loan structuring costs. The estimated term is <strong>12 months<\/strong>, with an optional 6-month extension period. The transaction is secured by <strong>a first-lien mortgage on the land, which is currently appraised at \u20ac3,105,200.<\/strong> The project has a construction cost of \u20ac9,056,521 (\u20ac2,326\/m\u00b2) and an estimated sales value of \u20ac15,972,300 (\u20ac4,102\/m\u00b2). <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The loan is expected to be repaid to wecity investors through<strong> bank financing or presales.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">AInvest<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">AInvest does not apply in this case.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Project<\/h2>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-2 is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"606\" data-id=\"27822\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-1-1024x606.png\" alt=\"\" class=\"wp-image-27822\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-1-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-1-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-1-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-1-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-1.png 1716w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"606\" data-id=\"27827\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-2-1024x606.png\" alt=\"\" class=\"wp-image-27827\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-2-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-2-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-2-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-2-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-2.png 1716w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"606\" data-id=\"27832\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-3-1024x606.png\" alt=\"\" class=\"wp-image-27832\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-3-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-3-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-3-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-3-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-3.png 1716w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"606\" data-id=\"27847\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-5-1024x606.png\" alt=\"\" class=\"wp-image-27847\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-5-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-5-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-5-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-5-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/09\/wecity_imag_inversion_Algarve-Silves-5.png 1716w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\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!1d1590.9915124821139!2d-8.365207829833501!3d37.10552156463749!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0xd1ad16d779ceedf%3A0xbe82c4444597015e!2zUi4gZGEgQWxlZ3JpYSwgQXJtYcOnw6NvIGRlIFDDqnJhLCBQb3J0dWdhbA!5e0!3m2!1ses!2ses!4v1788964683430!5m2!1ses!2ses\" width=\"800\" height=\"600\" style=\"border:0;\" allowfullscreen=\"\" loading=\"lazy\" referrerpolicy=\"strict-origin-when-cross-origin\"><\/iframe>\n\n\n\n<h2 class=\"wp-block-heading\">Mortgage collateral<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The loan will be secured by a<sup>first-priority<\/sup> mortgage on the property, located in <strong>Arma\u00e7\u00e3o de P\u00eara, Portugal ( <\/strong>Rua da Alegria LT4).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the appraisal report prepared by <strong>KTESIOS<\/strong>, the current appraised value is \u20ac3,105,200, and the appraised value based on the completed building scenario (HET) is \u20ac15,972,300. The loan to be granted to the developer in this phase is \u20ac1,000,000. This represents a current Loan-to-Value (LTV) ratio of 32.20% and a Loan-to-Value (LTV) ratio based on the completed building (HET) of 6.26%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Collateral Agent<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The creation, maintenance, management, administration, and, where applicable, enforcement of the security interest on behalf of <strong>wecity<\/strong> investors will be handled by an entity external to <strong>wecity<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this case, the designated Collateral Agent will be the one specified 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 class=\"wp-block-paragraph\"><strong>wecity<\/strong>, as a provider of participatory financing services and in compliance with Delegated Regulation (EU) 2024\/358, which supplements 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> used to calculate project ratings. If the calculation is based on unaudited financial statements, this will be clearly stated in the method description.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">Monitoring<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The promoter must justify the use of the funds in each of the provisions requested. The use of the funds by the promoter will be monitored by a company external to <strong>wecity<\/strong>.  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"featured_media":27811,"template":"","class_list":["post-27862","oportunidades","type-oportunidades","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/oportunidades\/27862","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\/27811"}],"wp:attachment":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/media?parent=27862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}