Offering Details
Rent History
Used to estimate yield and tenant stability.
Current status: Owner occupied
Owner-occupied with rent agreement: the owner-occupant pays a contractual rent to the SPV, which is distributed to investors according to the waterfall (after costs and reserve).
Tenant-type Mix
Signals occupancy stability vs turnover exposure.
Long-term: 4 (100%)
Short-term: 0 (0%)
| Period | Monthly Rent | Occupancy | Tenant Type |
|---|---|---|---|
| 2023-Q4 | €4,806 | 97% | Long-term |
| 2024-Q1 | €4,943 | 100% | Long-term |
| 2024-Q2 | €4,211 | 100% | Long-term |
| 2024-Q3 | €4,074 | 100% | Long-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€108
- 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.
House SPV Balance
Public treasury balance for this property: rent received, costs paid, and amount available for reserves or dividends.
Closing balance
€16,490
Recommended minimum reserve
€2,800
Allocated to reserve
€2,800
Available for dividends
€13,690
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
+€17,890
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
€567,290
Annual debt service
€36,590
DSCR (coverage)
1.50x
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
Not applicable (already trading in secondary market).
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
Expected-income model: lower call probability.
Bloqo Investor Return Simulator
Estimate cash yield, value growth and stress outcomes for your Bloqo position.
Total return
€15,899
65.9%
10-year projection
€40,039
10 years
€40,039
Estimates only. Distributions, occupancy, fees, liquidity and market value are not guaranteed.