New location to invest in the south of Portugal! Discover Algarve Residence, a new Fixed Interest Rent opportunity with a total return of 25% in 60 months.
Type of opportunity: Loan. Modality: Fixed Interest (Rent).
The project developer has agreed to set aside the fees corresponding to the first 12 months in advance. The interests’ payments will be transferred monthly.
This new opportunity consists in the granting of a loan to a developer for the purchase of a two-floor building in the center of Faro, Portugal, to subsequently give way to a student residence with 23 rooms.
Why invest in Algarve Residence?
The project includes the purchase of a building with a total gross construction area of 521 m2, consisting of two floors, a large roof terrace, and a patio at the rear of the building.
The building will be transformed into a student residence with 23 rooms (around 59 beds) of individual and shared type. In addition, it will also have the following facilities for common use:
The student residence will also offer laundry services and a full meal regime. The monthly fee for the rooms will vary between 195 and 450 euros, depending on the type of room.
The project is located at Rua Miguel Bombarda nº5/9, a privileged location in the center of Faro and 500 meters from the Faro Docks. The area offers all kinds of services and shops. The University of the Algarve and the beach area are just a 10-minute drive from the residence.
The company promoting the project is DEAR DYNASTY LDA. For several years, the two partners of the company have developed projects in the real estate sector, namely in the purchase of real estate, rental and operation of accommodation for tourists. The wide experience accumulated and the increased complexity of the business made them decide to evolve to more entrepreneurial management of the business through the establishment of the current company. They currently own 19 properties, of which 2 are for local accommodation, 7 are transferred to Dear Dynasty Lda. for operation and the rest is placed on the rental market.
Diversify your portfolio with a new location in Algarve!
Housers is a platform that facilitates access to equity loans related to real estate transactions promoted by third-party companies, previously analyzed and validated. Housers does not offer financial advice and none of the proposed activities should be considered as such. The analyzes shown in these pages are general information and do not in any way constitute specific advice. The projects illustrated are not subject to the supervision of any national or international financial authority or regulator. The transactions presented are forecasts only and as such, they may be subject to change. Investing through Housers involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should only be done as part of a diversified portfolio. Your capital is at risk..
Annual Yield5.00 %
TOTAL YIELD25.00 %
April 9, 2019