We have recently changed our hosting provider. We would value any feedback on how the system is performing; please let us know about any malfunctions via info@evoestate.com
Criteria | From a+ to d | Project rating |
---|---|---|
Macro Location Analysis | C+ | A- Originator rating A- EvoEstate Risk rating is of an informative nature only & can not be considered investment advice. |
Purchase Price/Land Price | A+ | |
Financial Cost | C | |
Loan To value | A- | |
Purpose | B+ | |
License | A+ | |
Experience Developer | A+ | |
Presales | A+ | |
Mortgage Guarantee | A+ | |
Project Margin | A+ |
Foresta is a promotion of 6 isolated single-family homes on 400 m² plots in Malaga. They have a closed area of about 160 m2 distributed over 2 floors. The program is 3 bedrooms on the upper floor and common areas on the ground floor in relation to the garden and the individual pool. The ground floors are designed as an open concept with a large living room that connects to the kitchen. All the houses have large windows that let in natural light and allow you to enjoy the views of the surroundings. The development is located in the Pinar de Torremolinos, a quiet residential area, close to the N-340 and the AP7 motorway and therefore well connected, less than ten minutes from Malaga international airport and fifteen minutes from the city center.
All the houses are sold and the works have reached 40% of the total work budget, which has been financed with the developer's own funds.
The financing is intended to cover a part of the costs of the work. A second financing project is expected in the coming months to cover the final phase of construction until the delivery of the houses.
• Promise of mortgage and irrevocable powers of attorney to establish mortgages on three properties if necessary
• Purchase option for 80% of the appraised value of three of the properties
• Guarantee of a group company
LOAN AMORTIZATION
Although the total duration of the loan is 16 months, the developer can make a full amortization before month six from the beginning, although he will have to pay the interest corresponding to the full six months
If you make an early repayment after month six, it may be partial or total. If it is partial, it must be for an amount greater than € 100,000. Amortization after month six will only include ordinary interest accrued to date
Risks
Click here to see the specific risks of this project
From the moment an investor formalizes his participation in a project, he is accepting the risk and return of this investment. The loans present the risk of not obtaining the expected return, lack of liquidity, the possibility of dilution or even loss of the loan principal.
At Civislend we work to minimize the risks of investors registered in our platform, exhaustively analyzing and filtering projects so that we only publish projects that meet demanding quality and solvency criteria that maximize compliance with commitments with investors.
Civislend works as a meeting point between promoters and investors but is not responsible for the success or failure of a project, or for the profitability obtained by the investor.
Before publishing the promoters' proposals, our team of professionals rigorously and exhaustively evaluates each of the projects presented to minimize the risks for investors. For added security, an additional review of projects is also performed by external professionals independent of Civislend.
In order to protect the interests of investors, Civislend may require that the real estate project be carried out through a specific limited company created for this purpose, which we call the Promoter.
In this way, the project is isolated from the rest of the business activity of the beneficial owner and the risk that it may be affected by events outside the project itself is reduced.
Real estate projects organized in this way are in line with current best practices applied by banks when financing real estate developments.
Date | Status | Late | Assignment date |
---|---|---|---|
![]() | Paid | No | 26 April 2021, 15:25 |
![]() | Paid | No | 21 July 2021, 08:22 |
![]() | Yes | - | |
![]() | Yes | - |
Amount €
${q.userNickname} | ${q.date}
EvoEstate | ${q.answerDate}