{"id":10362,"date":"2024-01-18T12:07:58","date_gmt":"2024-01-18T11:07:58","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/madrid-sagasta\/"},"modified":"2025-03-13T13:35:37","modified_gmt":"2025-03-13T12:35:37","slug":"madrid-sagasta","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/madrid-sagasta\/","title":{"rendered":"Madrid-Sagasta"},"content":{"rendered":"\n
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This opportunity will be financed under the Earlyfunding<\/strong> system. See here the conditions<\/a><\/p>\n<\/div><\/div>\n\n\n\n

WECITY complies with Law 5\/2015 and with Regulation<\/strong> (EU) 2020\/1503 of the European Parliament and of the Council<\/strong> of 7 October 2020 on European providers of crowdfunding services for companies. It is authorized by the CNMV<\/strong> as a Participatory Financing Platform registered under number 30<\/strong>, with a favorable proposal from the Bank of Spain<\/strong>.<\/p>\n\n\n\n

Round Robin Inversores SOCIMI, S.A.<\/strong> requests financing from wecity for this investment opportunity. Investor, before making your investment please read the basic information for the investor client<\/a>. <\/p>\n\n\n\n

Skin in the game: <\/strong>“In compliance with Article 8.2 of Regulation (EU) 2020\/1503 of the European Parliament and of the Council of 7 October 2020 on European providers of equity financing, we hereby inform you that partners, managers and employees of wecity may invest in this opportunity.<\/a> These investments will be made under the same conditions as those of other investors without receiving preferential treatment or privileged access to information.”<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

The investment<\/h2>\n\n\n\n

The investment opportunity consists of a 1st degree mortgage loan<\/strong> to finance the purchase of a property located in Sagasta Street, number 4 (Madrid)<\/strong>. The exit of the investors from wecity occurs with the sale of the property once the necessary adjustments have been completed.<\/p>\n\n\n\n

The property, with a built area of 250 m2<\/sup>, is a fourth floor with a usable area of 225 m2<\/sup>, where the interior will be refurbished. The marketing process has not yet begun.<\/p>\n\n\n\n

The total funds required for the purchase of the property amount to \u20ac1,243,334.<\/strong> The cooperative provides its own funds in the amount of \u20ac343,334 <\/strong>(27.61%) and requests a fixed-rate loan of \u20ac900,000<\/strong> from wecity<\/strong>. This loan has a 1st degree mortgage guarantee.<\/p>\n\n\n\n

Through wecity you can participate in a fixed rate loan operation with an annual interest rate of 10% in an estimated term of 12 months (6 of obligatory compliance) with a possibility of extension of 3 additional months.<\/p>\n\n\n\n

With a minimum investment of 500 \u20ac, you can participate in this opportunity with an excellent profitability and with the maximum guarantees. The total estimated profit is 10% for 12 months<\/strong> or 12.5% if the final term is with the 3-month extension.<\/p>\n\n\n\n

The payment of interest + the return of the invested capital will be made at maturity.<\/p>\n\n\n\n

<\/div>\n\n\n\n
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Keys for investment<\/strong><\/p>\n\n\n\n

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  • Purpose of the loan: <\/strong>Purchase of a house at 4, Sagasta Street, Madrid.<\/li>\n\n\n\n
  • Guarantee:<\/strong> 1st degree mortgage on the property.<\/li>\n\n\n\n
  • Term:<\/strong> 12 months (+ 3 months of possible extension).<\/li>\n\n\n\n
  • Interest rate: <\/strong>10% per annum.<\/li>\n\n\n\n
  • Estimated total yield: <\/strong>10%.<\/li>\n\n\n\n
  • Interest payment:<\/strong> at maturity.<\/li>\n\n\n\n
  • Current ECO appraisal:<\/strong> \u20ac1,490,331 (LTV:<\/strong> 60.39%).<\/li>\n\n\n\n
  • Contributions:<\/strong>\n
      \n
    • Developer’s equity:<\/strong> \u20ac343,334 (27.61%).<\/li>\n\n\n\n
    • WECITY investors:<\/strong> \u20ac900,000 (72.39%).<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Minimum investment:<\/strong> \u20ac500.<\/li>\n\n\n\n
    • Maximum investment:<\/strong> \u20ac1,000.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
      <\/div>\n\n\n\n

      ECO Valuation<\/h2>\n\n\n\n

      The current appraisal for mortgage guarantee purposes (ECO Order 805\/2003) of the property amounts to \u20ac1,490,331.<\/strong> This means a Loan to Value (LTV) over the current appraisal of 60.39%.<\/p>\n\n\n\n

      The independent appraisal company in charge of identifying the value is GESVALT, whose corporate name is Gesvalt Sociedad de Tasaci\u00f3n S.A., and is registered as an approved appraisal company by the Bank of Spain under number 4455.<\/strong><\/p>\n\n\n\n

      <\/div>\n\n\n\n

      The project<\/h2>\n\n\n\n

      The project consists of the refurbishment of a fourth floor located at Sagasta Street, number 4, Madrid.<\/p>\n\n\n\n

      \"Inversi\u00f3n<\/figure>\n\n\n\n

      Current state plan<\/p>\n\n\n\n

      \"Inversi\u00f3n<\/figure>\n\n\n\n
      \"Inversi\u00f3n<\/figure>\n\n\n\n
      \"Inversi\u00f3n<\/figure>\n\n\n\n
      <\/div>\n\n\n\n

      Location<\/h2>\n\n\n\n

      Madrid. Sagasta Street, number 4.<\/strong><\/p>\n\n\n\n

      The property has an excellent location on Sagasta Street,<\/strong> one of the best residential areas of Madrid, in the heart of the Chamber\u00ed<\/strong> neighborhood of Madrid, the nerve center of the capital for the exclusivity of its homes, which mix a classic structure with modern interiors. Surrounded by multiple services and with unbeatable connections.<\/p>\n\n\n\n

      Very close to both Plaza de Bilbao<\/strong>, which links the areas of Justicia and Trafalgar, and Plaza de Alonso Mart\u00ednez,<\/strong> where Almagro begins, the area with the highest demand in Madrid’s residential market. Its infrastructure includes schools, sports and health centers, as well as an excellent leisure and restaurant offer.<\/p>\n\n\n\n

      The community stands out for its high purchasing power, which drives the demand for luxury properties. This combination of factors makes it an unbeatable option for the development of exclusive, high-quality real estate projects.<\/p>\n\n\n\n

      \"Inversi\u00f3n<\/figure>\n\n\n\n
      <\/div>\n\n\n\n

      The mortgage guarantee<\/h2>\n\n\n\n

      The loan will be secured by a 1st degree mortgage<\/strong> on the property at 4, Sagasta Street, Madrid.<\/p>\n\n\n\n

      According to the appraisal report made by GESVALT, the current appraisal amounts to \u20ac1,490,331. The loan to be made to the developer is 900,000 \u20ac, which means a Loan to Value (LTV) over the current appraisal of 60.39%.<\/p>\n\n\n\n

      <\/div>\n\n\n\n

      Guarantee agent<\/h2>\n\n\n\n

      The constitution, preservation, management, administration and, if applicable, enforcement of the real estate mortgage rights on behalf of the investors will be carried out by an entity external to wecity.<\/p>\n\n\n\n

      In this case the designated Collateral Agent is BONDHOLDERS.<\/strong><\/p>\n\n\n\n

      Bondholders, is a professional company specialized mainly in providing independent commission agent and escrow services over different asset classes and under numerous international jurisdictions.<\/p>\n\n\n\n

      In recent years Bondholders has been mandated as agent and arranger in more than 400 transactions representing a total of nearly 200 billion euros in debt.<\/p>\n\n\n\n

      Its main clients include, among others, financial institutions, institutional clients, asset managers, sovereign government agencies.<\/p>\n\n\n\n

      Currently one of the leaders in Europe in providing independent fiduciary services.<\/strong><\/p>\n\n\n\n

      <\/div>\n\n\n\n

      Monitoring<\/h2>\n\n\n\n

      El promotor deber\u00e1 justificar el destino de los fondos en cada una de las diposiciones que solicite. El uso de los fondos por parte del promotor estar\u00e1n monitorizados por una empresa externa a wecity. <\/p>\n\n\n\n

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