Facade of Evaristo Project, Algarve, Portugal

Evaristo Project
Property investment in Algarve, Portugal

Funding Required

Joint venture partner required to co-invest in an excellent re-development project in a quaint upmarket area of Central-Algarve. This gated condominium in beautiful Evaristo is in walking distance to the unspoilt Praia do Castelo beach known for its crystal clear water and offers 56 x 1-bedroom apartments all with sea view.

  • Gated & Privately Managed Condominium
  • Spacious 1 Bed Studios (avg. size 70m2)
  • 95% Finished - 3 month Refurbishment Program
  • High demand for holiday rentals due to sea views, proximity to beach and several popular tourist villages
  • 3 mins walk to the new W Hotel, Algarve

Investment Summary

Senior Debt Equity
Investment € 4 500 000 € 1 600 000
Term 18 months with call option after 12 months 6 months bridge finance
Security First lien Equity pledge SPV
Exit In line with sales of units On securing project finance
Sales Cycle Estimate 40% of units sold within 6 months
Facade of Evaristo Project, Algarve Evaristo Beach, Algarve
  1. Evaristo Project Location
  2. Beaches
  3. Golf Courses
  4. 1W Algarve Hotel & Residences
  5. 2Marina Albufeira
  6. 3Old Albufeira Historic Town
  7. 4Marina Vilamoura
  8. 5Slide & Splash Water Park
  9. 6Aqualand Algarve
  10. 7Zoomarine Algarve
  11. 8Benagil Caves
  12. 9Algarve Shopping