Back

Lapa Apartments

0%

PROJECT

We introduce you to Lapa Apartments, a new development loan opportunity to finance the refurbishment of a building, consisting of 5 buildings and a commercial space, located in the centre of Lisbon. 


After the refurbishment the building will have the following distribution:

  • Ground floor: 1 loft +1 apartament.
  • Ground floor: 2 apartments (2 bedrooms).
  • First floor: 2 apartments(2 or 3 bedrooms).

The project is located in one of Lisbon's most charming neighbourhoods, characterised by stunning views, quiet and tree-lined streets running between the Jardins da Estrela and Santos. All apartments have views of the Tagus River and are a 5-minute walk from the river. To live in Lapa, a neighbourhood that is home to embassies, palaces, fountains and museums, is to be surrounded by Lisbon's historic high society.  Renovated flats are rare in this area, ensuring that new developments are of high quality and have excellent rental and sales potential

This loan of €200,000 is the first tranche of a single project of €300,000 (two tranches are planned in total).


THE PROJECT DEVELOPER

The promoter company of the project is Operational Behaviour Lda, a company dedicated, since 2018, to the purchase and sale of real estate.  The construction will be carried out by NS CONTRACT. Operational Behaviour's partners have worked successfully with NS Contract in the past, building two hotels and carrying out a complete interior refurbishment in Lisbon. The promoter company has a share capital as at 31/12/2020 of €5,000.00 and Equity as at 31/12/2020 of €362,917.14  


This is the first project of the promoter in Housers. The developer may apply in the future for other loans through the platform to obtain funding for the realization of other projects, within the legal limits and provided that their financial situation allows it. Thus, the degree of future leverage of the company may therefore be higher.



LOCATION

The project is located in Lisbon.

Highlights of the location:

  • The Lapa neighbourhood is noted for its selection of renowned restaurants, independent shops, open-air cafés and surprisingly good museums and cultural institutions. Limited transport connections (only tram 28) and few parking spaces make this a quiet area.
  • A high quality real estate area, Lapa's grand houses and carefully preserved palaces stand out among the city's traditional real estate. The area has changed very little over the years, retaining a consistent identity as one of the city's most privileged and prosperous neighbourhoods. 
  • Portugal is experiencing a period of real estate growth. Factors such as tourism, the establishment of major multinationals and prices below the European average are attracting both national and international investors.

PROJECT SUMMARY

  • The purpose: the loan will enable the financing of refurbishment of a building.
  • Type of opportunity: loan.
  • Type: fixed rate.
  • Scoring: AA (more information here)
  • Nominal annual interest rate: 9%.
  • Project yield: 13,50%.
  • Maturity: 18 months.
  • Type of capital repayment: at the end of the term.
  • Interest payment: monthly.
  • Centrally located property.
  • Building in property.
  • Developer with a lot of experience.

PROJECT FEE

Housers will not charge any fee to the investor for this opportunity. The promoter will be charged a fee that is determined based on a % of the funds raised for the project, provided that the project is successfully closed, i.e. that the financing objective published on the platform is reached. In case it is not successfully closed, Housers will not charge this fee. Once the campaign is finished and as a previous step to the delivery of the money to the promoter, this commission is deducted from it in favour of Housers. It does not affect the final profitability obtained by the investors, since the Promoter is the one who assumes its cost. In this opportunity Housers' commission is 8% being the commission financed within the opportunity.


You can check our rates here.


WARNINGS

Housers is neither a credit institution nor an investment services company. It is not a member of any investment guarantee fund or deposit guarantee fund. Therefore, the invested capital is not covered by these funds.

Housers is neither a credit institution nor an investment services company nor does it provide financial advice, so nothing on this website should be interpreted as such. The information on this page is for general information purposes only and does not constitute specific advice.

The participatory financing projects published on the website are not subject to authorisation or supervision by the Comisión Nacional del Mercado de Valores or the Bank of Spain or any other national or foreign regulator. The information provided by the promoter has not been reviewed by the CNMV and does not constitute a prospectus approved by the CNMV. 

The project promoter is responsible to investors for the information it has provided to the crowdfunding platform for publication within the project on the website.

Both the financing objective and the maximum term to invest in this opportunity may be extended by an additional 25% to the initially planned term, in accordance with Law 5/2015, of 27 April, on the promotion of business financing (see here). Likewise, Housers will be able to close the financing of this opportunity/project when it has been 90% financed.  These possibilities that the legislation offers to the platform will be used when the typology and characteristics of the project make it advisable so that the execution deadlines are not prejudiced. You can find more information here.


RISKS

Investment in this project involves the risk of total or partial loss of the invested capital, the risk of not obtaining the expected cash return and the risk of illiquidity to recover the investment. 

The invested capital is not guaranteed by the investment guarantee fund or the deposit guarantee fund.

Investing in real estate must be done as part of a diversified portfolio. Investing in Housers is intended for people with sufficient knowledge to understand the risks of investing in start-ups.

Image gallery


Location



Lisbon | 1 building
PT
Phase:
Funding
86,539 € (43.27 %)
200,000 €
197 Investors
51 days left
Term:
18 months
Type of loan:
Development loan
Annual yield:
9.00 %
Total yield:
13.50 %
I want to invest

Funding started

April 28, 2021