Brava IN Fase 2

 Renovation Loan
Sant Feliu de Guixols,
Spain
Brava IN Fase 2
7%
Annual yield
-
LTV
Term: 12 months
Interest payment schedule:
Monthly

EvoEstate description

A small loan for a renovation of the property worth 153,000 EUR, as informed by Inveslar, during the summer season the property generates 1,000 EUR per week rental income and is expecting to generate at least 15,000 EUR during the upcoming season and from these earnings would be repaid.

Descripton

The asset

Fixed-rate loan at 7% annual interest and monthly installments for a term of 12 months. The borrower has owned the property since 2006.
The repayment will be 12 months since it is the term in which the investment will be recovered with the income generated by holiday rentals.

Current status

The apartment will be free of tenants in March 2020, so it is intended to make a reform consisting of the installation of air conditioning, changing the current kitchen and replacing the bathtub with shower.

Reasons to Invest

Type of amortization: American (payment of monthly interest with capital amortization in the last installment).
Destination of the loan: Reform
Other mortgages or charges on the property: NO

Practical apartment in the exclusive coastal town of Sant Feliu de Guíxols, in the heart of the Costa Brava. Perfect for a vacation rental or all year. Accommodation up to 6 people. The apartment with a constructed area of ​​53m2 consists of two bedrooms and a renovated bathroom, kitchen and dining room with a balcony. Only two minutes from the promenade and the beach. Located next to the Rambla and the city center.

Surface: 53

Bedrooms: 2

Bathrooms: 1

Characteristics

Practical apartment in the exclusive coastal town of Sant Feliu de Guíxols, in the heart of the Costa Brava. Perfect for a vacation rental or all year. Accommodation up to 6 people. The apartment with a constructed area of ​​53m2 consists of two bedrooms and a renovated bathroom, kitchen and dining room with a balcony. Only two minutes from the promenade and the beach. Located next to the Rambla and the city center.

Project originated by:
7%
Annual yield
-
LTV
Term: 12 months
Interest payment schedule:
Monthly