Offering Details
Rent History
Used to estimate yield and tenant stability.
Current status: Rented
Warning: this property is structured with no mandatory rent distributions. Return is appreciation-only.
Tenanted reinvestment agreement: rent received from tenants is retained by the SPV to top up the reserve and fund improvements; there are no periodic distributions.
Tenant-type Mix
Signals occupancy stability vs turnover exposure.
Long-term: 2 (50%)
Short-term: 2 (50%)
| Period | Monthly Rent | Occupancy | Tenant Type |
|---|---|---|---|
| 2023-Q4 | €4,730 | 80% | Long-term |
| 2024-Q1 | €5,075 | 85% | Short-term |
| 2024-Q2 | €4,878 | 87% | Long-term |
| 2024-Q3 | €4,976 | 90% | Short-term |
House Cost Agreement
Recurring costs agreed between investors and occupant to preserve the asset.
Asset-preservation costs
- Insurance€1,200
- Structural reserve top-up€612
- SPV legal and admin€600
Usage consumption costs
- Electricity€0
- Water€0
- Internet / TV€0
Hybrid costs
- Pool and HVAC servicing baseline€900
- Landscaping baseline€500
Asset-preservation costs
Asset-preservation: non-negotiable. All investors pay pro-rata. Structural reserve top-up: active until the reserve reaches the minimum target.
Usage consumption costs
Usage consumption costs are paid by the occupant, as defined in the contract.
Hybrid costs
Hybrid costs: votable. Not mandatory before vote, but mandatory after approval.
Why this differs from a rent-producing property
In a property with recurring rents, operating and preservation costs are paid first from that rent stream, and only surplus cash may be distributed. Without recurring rents, the SPV may require additional capital to maintain the asset.
House SPV Balance
Public treasury balance for this property: rent received, costs paid, and amount available for reserves or dividends.
Closing balance
€15,420
Recommended minimum reserve
€2,800
Allocated to reserve
€2,800
Available for dividends
Not distributed in this model
No expected rent distributions right now
This property is not in an expected-income model. The SPV balance remains visible, but periodic dividends are not distributed.
Capital call risk
Low
Reserve meets the minimum target. Lower probability of additional capital call soon.
Simplified period statement
Opening balance
Inflow
+€4,200
Rent received (period)
Inflow
+€16,820
Preservation costs paid
Outflow
-€4,200
Hybrid costs paid
Outflow
-€1,400
How to read this balance
- Dividends come from net cash, not gross rent.
- Mandatory costs are paid first to protect asset value.
- Surplus after reserve can be distributed to investors.
Debt and Lender Rights
Investor risk disclosure: debt ranks senior to equity in this SPV structure.
Debt outstanding
€749,840
Annual debt service
€48,365
DSCR (coverage)
0.00x
Debt reserve
1.8 months
Debt snapshot
Covenant breach risk
HighCoverage and/or reserve is weak. Higher probability of default trigger and collateral enforcement.
Cure period: 30 days
If default happens
After cure period expires, the lender may enforce collateral over the SPV asset. Enforcement is against the property, not the individual investor, but it directly impacts equity value.
IPO proceeds policy
Owner discretionary use: proceeds may or may not be used to repay debt. This increases uncertainty for investors.
IPO offered equity: 30%.
Capital Calls
Additional deposits may be required to protect the asset and keep a minimum reserve.
Hover the info icon for details.
When it can happen
Safety reserve gets low
How it works
Pro-rata amount + deadline
If unpaid
Penalties may apply
No recurring income: higher call probability.
Bloqo Investor Return Simulator
Estimate cash yield, value growth and stress outcomes for your Bloqo position.
Total return
€70,300
243.8%
10-year projection
€99,140
10 years
€99,140
Estimates only. Distributions, occupancy, fees, liquidity and market value are not guaranteed.