Sardinia Houses III

We introduce you to Sardinia Houses III, a new Italian development loan1opportunity that consists of granting a loan to a project developer for the construction and subsequent furnishing of 4 villas in Valledoria, a touristic town in the north of the Sardinia region.

THE OPPORTUNITY

Type of opportunity: Loan

Modality: Development Loan¹ with Flex² for more information check out our blog

Annual Interest: 9%

Profitability: 6%³ in 8 months

The last stage of a project of 300.000 euros4 .

THE PROJECT DEVELOPER

Sasa s.r.l, a company based in Valledoria, with more than 28 years of experience in the Real Estate. This developer has already successfully financed the first two phases of this project and Sardinia Beach, paying the interests regulary.

THE PROJECT

The opportunity consists on the construction and the subsequent furnishing of 4 villas (4 other villas have already been built and are being marketed through the Sardinia Beach project), composed by:

- Large living room;

- Kitchen;

- Two bedrooms;

- Storage room;

- Two bathrooms. 

The villas will be brad new built and right in front of the sea. Thanks to a commercial agreement with “La Foce” Camping, the landlords of the villas will benefit from the camping services such as tennis courts, swimming pool, and much more. 

MONITORING OF THE PROJECT

ARGOS will carry out the monitoring of this type of projects so that there will be a permanent control of the destination of all the capital contributed by investors.

REASONS TO INVEST IN SARDINIA HOUSES III

- The development company is a solid company with many years of experience;

- The developer owns the land;

- The project present a unique location;

- The scoring for this opportunity is BBB. For more information click here.

LOCATION

The project is located in Valledoria, a touristic town in the north of Sardinia. 

Location’s highlights:

- Valledoria has 20 km of beaches that connect Castelsardo with the Red Island. They are one of the most beautiful beaches in the whole Sardinia;

- In the surroundings of Valledoria you can make excursions by bike or car, to lakes and rivers in the area;

- In the nearby center of Santa Maria di Coghinas, you can admire the thermal baths of Casteldoria, springs of lukewarm water that flow from the gorge of the same name.

Risk information: Housers is neither a credit institution nor an investment services firm. Investment in projects published by HOUSERS is not covered by any investment fund. This project has not been supervised by the CNMV nor by the Bank of Spain or any other regulator, Spanish or foreign. The information provided by the developer has not been checked by the CNMV nor does it constitute a prospectus approved by the CNMV. Housers does not provide financial advice that nothing on this website should be construed as such. The investment in this project involves the following risks: risk of total or partial loss of invested capital, the risk of not obtaining the expected monetary return and the risk of illiquidity for recover the investment. The developer accumulates 1 project on the platform which was successfully funded (Sardinia Beach). This 100,000 euro loan is the third tranche of a total of 3 tranches of €300,000, which could entail an additional concentration risk. The promoter of the project is responsible to the investors for the information he has provided to the participative financing platform for publication within the project on the website. The promoter has a share capital at 31/12/2019 of 10,200 euros and equity at 31/12/2019 of 154,952 euros so that its responsibility in the project is limited to this amount. The Housers' commission is financed within the project. In this way, it is the investor who bears the commission of Housers. A property in Comune di Valledoria, Via Ampurias (Lotti C, Sezione B, Foglio 7, Particella 608) is established as additional collateral. Both the financing objective and the maximum term for investment on this opportunity may be extended by an additional 25% to that initially planned, in accordance with the Law for the Promotion of Business Financing. Likewise, HOUSERS will be able to consider the financing of this opportunity/project closed when it has been financed by 90%.  These possibilities that the legislation offers to the platform, will be used when the typology and characteristics of the project advise it so that it can be carried out with a financing lower or higher than the requested and the execution periods are not prejudiced.

1) Development Loan: 8-month fixed rate loan to the real estate developer where interest is distributed monthly and the principal is amortized at the end of the project. The interest is not guaranteed, but the developer presents an additional guarantee.

2) Flex Contract: The Promoting Company may activate an extension of a single duration of 6 months to the expiration date of the contract, communicating it to Housers at least one month in advance. This extension will be accompanied by an increase on the interest rate agreed on the return of capital, resulting in this project, an annual interest of 9,5% during the extension. This information is found in more detail in Article 3.3.1 of the Loan Agreement.

3) It is the total return on investment. It takes into account the total term of 16 months and the annual fixed interest agreed by the promoter. For more details see the Promoter's Report.

4) According to article 68.2 of Law 5/2015 for the Promotion of business financing, "The maximum amount of fundraising per participatory financing project through each of the participatory financing platforms may not exceed 2,000. 000 euros, being possible the realization of successive rounds of financing that do not exceed the aforementioned amount in annual calculation. When the projects are directed exclusively to accredited investors, the previous maximum amount may reach 5,000,000 euros". The non-financing of one of the phases of the project means the return of the rest of the phases financed, as it is a singular project.

Location