SARDINIA BEACH

Sassari, Italy

300 000.00 €

Raised 300 000.00 €

9% Net annual
yield
-LTV
12 Months

Listed: 2019-12-04

Type: Development loan

Interest payment schedule: Monthly

Min. amount of investment - € 100

Project originated by:

Project updates

December 18, 2020

Update from the developer:

We inform you that SASA S.R.L., the promoter of the SARDINIA BEACH project, has made a statement that he wants to activate the "FLEX" option provided for in the signed contract between the promoter and investors. This extension of the completion period by activating the clause "FLEX" is subject to the fulfillment of payment of total interest of the project until the day of the entry into force of the "FLEX" option.

If not being able to be up to date with the ordinary interest payments, and as stipulated in the financing, the promoter will not be able to activate the "FLEX" again if this term has passed.

In case of being up to date with the payment, the completion period of the mentioned project set for next December 31, 2020, will be extended until next June 30, 2021. As a consideration, and as contractually foreseen, the interest for investors in the project will increase by 0.50% per year, from 9% per year at 9.50% per year. This increase in interest will be applied from the entry into Flex option effective, from January 1, 2021.

Detail Descripton

EvoEstate description:

This is not a major city of an island. The risk return in our opinion could be better achieved with this listing in Italy

Housers description:

THE OPPORTUNITY

Type of opportunity: Loan

Modality: Development Loan¹ with Flex Contract²

Profitability: 9%³ in 12 months

We introduce you to Sardinia Beach, a new Italian development loan¹ opportunity that consists of granting a loan to a project developer for the construction and subsequent sale of 4 villas in Valledoria, a touristic town in the north of the Sardinia region.

REASONS TO INVEST IN SARDINIA BEACH

The sponsoring company is a solid company with many years of experience;
There’s already a convention with the municipality to start building the villas;
There is no other financing with credit institutions, the land is free from mortgages;
The scoring for this opportunity is BBB.

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.

THE PROJECT

The opportunity consists of the construction and the subsequent construction of 4 villas. Each of them will be composed of a large living room, kitchen, two bedrooms, a storage room, and 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.

THE PROJECT DEVELOPER

The project developer is Sasa s.r.l, a company based in Valledoria, with more than 28 years of experience in the Real Estate sector.

In addition, it is important to know that 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.

Ask a question

${q.userNickname} | ${q.date}

EvoEstate | ${q.answerDate}

Documents

Payment schedule

Date	Status	Late	Assignment date
01.03.2020	Paid	No	11 February 2020, 18:31
01.03.2020	Paid	No	11 February 2020, 18:32
30.04.2020	Paid	No	11 March 2020, 13:36
30.05.2020	Paid	No	08 April 2020, 11:03
30.06.2020	Paid	No	14 May 2020, 11:35
30.07.2020	Paid	No	11 June 2020, 20:00
30.08.2020	Paid	No	10 July 2020, 11:34
30.09.2020	Paid	No	22 September 2020, 10:38
30.10.2020	Paid	No	14 October 2020, 14:14
30.11.2020	Paid	No	18 November 2020, 19:37
30.12.2020	Paid	No	15 December 2020, 00:02
30.01.2021	Paid	No	19 February 2021, 00:03
28.02.2021	Paid	No	19 February 2021, 00:04
28.03.2021	Paid	No	19 March 2021, 17:44
28.04.2021	Paid	No	26 April 2021, 17:29
28.05.2021	Paid	No	12 May 2021, 11:49
28.06.2021	Paid	No	06 July 2021, 09:30

HOUSERS CHARGES 10% REVENUE FEE. ADDITIONALLY INCOME TAX IS WITHHELD (SPAIN 19%, PORTUGAL 25%, ITALY 26%). IF YOUR COUNTRY HAS DOUBLE TAXATION TREATY - YOU MAY NOT HAVE TO PAY INCOME TAX IN YOUR HOME COUNTRY. CONSULT WITH YOUR LOCAL TAX ADVISOR BEFORE MAKING ANY TAX DECISION.