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.
This is not a major city of an island. The risk return in our opinion could be better achieved with this listing in Italy
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 project is located in Valledoria, a touristic town in the north of Sardinia.
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.
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