Description

wecity complies with the provisions of Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European providers of participative financing services for companies and Title V of Law 5/2015 on the promotion of business financing as amended by Law 18/2022 of 28 September on the creation and growth of companies. It is authorized by the CNMV as a Participatory Financing Service Provider, registered under number 9, with a favorable proposal from the Bank of Spain.

Investor, before making your investment, please read the basic information for the investor client, as well as the pre-contractual cooling-off period for inexperienced investors .

Skin in the game: “In accordance with Article 8.2 of Regulation (EU) 2020/1503 of the European Parliament and of the Council of October 7, 2020, on European crowdfunding providers, we hereby inform you that partners, executives, and employees of wecity may invest on this occasion. These investments will be made under the same conditions as those of other investors, without receiving preferential treatment or privileged access to information.”

The investment

The developer ALQAVIA COSTA S.L. is seeking financing through wecity to cover the construction costs of a single-family home in Benahavís, Málaga (280 Chopo Street). The villa will feature four bedrooms, five bathrooms, a large living-kitchen-dining area, a second living area, spacious porches and terraces, a private pool, a rooftop solarium, as well as a storage room and a utility area for the pool.

The home has a total area of 1,456 m^² and a buildable area of 404 m². From a zoning perspective, the project has a building permit, and construction is currently 37.46% complete (as of February 2026). From a sales perspective, the developer has not yet begun marketing the property. The estimated sale price is €2,850,000.

The project will be financed through a fixed-rate mortgage loan in the amount of €1,000,000, which will be secured by a^first-lien mortgage and will have a term of 12 months (plus a possible 6-month extension).

The developer has contributed€754 ,129 .13 in equity, which has been used to acquire the property and cover construction costs to date.

Investors in wecity will exit their investment upon the sale of the home once construction is complete.

The project

Location and surroundings

Located in the exclusive Benahavís area of Málaga, this property at Calle Chopo 280 offers a privileged setting that combines tranquility, nature, and proximity to some of the most sought-after destinations on the Costa del Sol. Just a few minutes away are highly desirable residential areas such as La Zagaleta and El Madroñal, as well as prestigious golf courses and a wide range of top-notch dining options.

In addition, its excellent transportation links provide quick access to Marbella and the iconic Puerto Banús, known for their exclusive lifestyle, luxury boutiques, and international entertainment options. The proximity to beaches, international schools, and premium amenities makes this location an ideal choice for both a primary residence and a high-end real estate investment.

Mortgage collateral

The loan will be secured by a^{first-priority} mortgage on the property, located at 280 Chopo Street (Málaga).

According to the appraisal report prepared by Alia Valoraciones y Soluciones Técnicas, the current appraised value is €1,452,116.34 and the “As-Built” (HET) appraisal value at €3,423,250.45. The loan to be granted to the developer is €1,000,000, which represents a Loan-to-Value (LTV) ratio of 29.21% based on the HET and an LTV ratio of 34.46% for the first drawdown.

Collateral agent

The constitution, conservation, management, administration and, if applicable, enforcement of the pledge on behalf of wecity ‘s investors shall be carried out by an entity external to wecity.

In this case, the designated Collateral Agent will be the one indicated in the loan agreement.

Rating

wecity, as a provider of equity financing services and in compliance with Delegated Regulation (EU) 2024/358 supplementing Regulation (EU) 2020/1503 of the European Parliament and of the Council, provides a description of the credit rating method
of the projects used to calculate the ratings. If the calculation is based on accounts that have not been audited, this shall be clearly stated in the description of the method.

Monitoring

The promoter must justify the use of the funds in each of the applications. The use of the funds by the promoter will be monitored by a company external to wecity.

Compliance with Regulation (EU) 2020/1503 🇪🇺

Risk warning

Investing in this crowdfunding project involves risks, including the risk of partial or total loss of the money invested. Your investment is not covered by the deposit guarantee schemes established in accordance with Directive 2014/49/EU of the European Parliament and of the Council (*). Your investment is not covered by the investor compensation schemes established in accordance with Directive 97/9/EC of the European Parliament and of the Council (**). You may not get any return on your investment. This is not a savings product and you are advised not to invest more than 10% of your net wealth in crowdfunding projects. You may not be able to sell the investment instruments whenever you want. Even if you can assign them, you could suffer losses.

Pre-contractual cooling-off period for inexperienced investors

Inexperienced investors have a cooling-off period of four (4) days during which they can, at any time, revoke or withdraw, at any time, from their investment offer or expression of interest in the participatory financing offer without having to justify their decision and without incurring a penalty. The cooling-off period begins at the moment when the potential inexperienced investor makes an investment offer or expresses interest and expires four calendar days from that date. To exercise their right of revocation, Investors may send an email to the following address: reclamaciones@wecity.io, filling in the “subject” field of the email as follows: “REVOCATION – Name of the Opportunity – Full name of the Investor”. In the event that a monetary contribution has been made in connection with the financing offer, this amount will be returned as soon as possible to the wallet that, as an investor/user of the ‘WECITY’ Platform, has been opened in the Payment Institution ‘LEMONWAY’.

Credit risk

Credit risk is defined as the loss that may occur in the event of non-payment by the counterparty in a financial transaction. In this specific case, the risk that the Promoter will not pay the principal and/or interest of the Loan.

Sector risk Risks inherent to the specific sector.

These risks may be caused, for example, by a change in macroeconomic circumstances, a reduction in demand in the sector in which the participatory financing project operates and dependencies on other sectors. In any case, the investor must bear in mind that adverse economic conditions or cyclical changes may lead to a weakening of the Promoter’s ability to meet its financial commitments in relation to the loan.

Risk of default

The risk that the project developer may be subject to insolvency proceedings and other events affecting the project or the project developer that result in the loss of the investment for the investors. These risks may be caused by a variety of factors, including, but not limited to: (serious) change in macroeconomic circumstances, mismanagement, lack of experience, fraud, financing not fitting with the corporate purpose, failure in the product launch or lack of liquidity. In the event of the Promoter’s bankruptcy, the holders of the credits will be considered as credits with special privilege, as they are secured by a mortgage guarantee, in accordance with the cataloguing and order of priority of credits established by Royal Legislative Decree 1/2020, of May 5, which approves the revised text of the Bankruptcy Law (hereinafter, the “Bankruptcy Law”), except for those amounts that, in accordance with Article 272 of the Bankruptcy Law, should be classified either as ordinary credit or as subordinated credit, as appropriate.

Risk of lower or delayed return

The risk that the return will be lower than expected or that the project will default on the payment of principal or interest.

Risk of illiquidity of the investment

The risk that investors will not be able to sell their investment. There is no active trading market for the loan, so it is possible that the investor will not be able to find a third party to whom to assign the loan.

Other risks

Risks that are, among others, beyond the control of the project developer, such as political or regulatory risks.