#98586056 Bridge loan - 2.stage (Portugal) Funded: 30.04.2024

This loan is intermediated by Estateguru OÜ. For the general loan terms applicable to this loan, please see the Estateguru General Loan Terms.

Executive Summary

    • The loan is used for a preparation period of a development project plus starting the first construction work.
    • The loan will be repaid by refinancing, from the sale of the collateral property, or from the incoming business revenues of the company.
    • The loan is secured with a first rank mortgage.
    • The project consists of a 44 ha development site in the South of Portugal beside the historic capital of the region Silves. 
    • The Algarve coast, the Monchique mountains, and multiple beautiful nature areas can be found in close proximity. 

    • The general plan of Silves municipality permits in the development area a touristic property development of up to 300 beds. 

    • 80 touristic property units of 2-to-3-bedroom individual and town house style villas with swimming pools are planned to be developed including a service/ clubhouse building, play-courts, sports facilities, outside leisure areas and communal orchards. 

    • Estateguru adds a 0.5% bonus to annual interest for investments of at least €1,000.
    • Estateguru adds a 1% bonus to annual interest for investments of at least €5,000.
    • Estateguru adds a 2% bonus to annual interest for investments of at least €50,000.

Loan Terms

Loan Contract Number

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Quick Overview
  • Investment ≥ €1,000 = 0.5% Estateguru Bonus Investment ≥ €5,000 = 1.0% Estateguru Bonus Investment ≥ €50,000 = 2.0% Estateguru Bonus
1,149 investors, €173,486 raised
  • Status Funded
  • Target €310,165
  • Collateral value €3,107,000
  • LTV 14.91%
  • Projected LTV 33.0%
  • Risk category A1
  • Loan Period 18 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Agricultural land (Land)
  • Loan Type Bridge loan
  • Loan Type Sub-Category Interim development
  • Location Portugal

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