{"id":10535,"date":"2024-01-30T18:16:45","date_gmt":"2024-01-30T17:16:45","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/valencia-la-canada\/"},"modified":"2025-03-13T13:34:13","modified_gmt":"2025-03-13T12:34:13","slug":"valencia-la-canada","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/valencia-la-canada\/","title":{"rendered":"Valencia-La Ca\u00f1ada I"},"content":{"rendered":"\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

Princeps Score Promociones SL,<\/strong><\/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>\u201cIn 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.\u201d<\/em><\/p>\n\n\n\n

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

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

The developer requests from wecity a fixed-rate loan<\/strong> with a 1st degree mortgage guarantee<\/strong> for an amount of \u20ac700,000 <\/strong>corresponding to phase I of the total financing, which may be increased to a maximum of \u20ac2,000,000 in 3 phases. The purpose of the financing is to defray the costs of the execution of the work until the delivery of the homes to the buyers, once the First Occupancy License is obtained.<\/p>\n\n\n\n

The plot, located at calle Treinta, 28-32, in the La Ca\u00f1ada urbanization, Paterna (Valencia)<\/strong>, has a total surface area of 510 m2<\/sup> and an approximate buildable area of 2,411 m2<\/sup>. On the plot will be carried out a development of a building of 18 houses of 1, 2 and 3 bedrooms with garage, storage rooms and large terraces. Currently, there are 44% of documented reservations<\/strong> (8 of 18 homes).<\/p>\n\n\n\n

The developer contributes with its own funds in the amount of 700,000 \u20ac (50%) and requests a loan of 700,000 \u20ac at a fixed rate from wecity. This loan has a 1st degree mortgage guarantee. The rest of the funds for the execution of the project will be provided by the developer, the buyers and with the activation of phases II and III of the loan.<\/p>\n\n\n\n

Through wecity you can participate in a fixed rate loan operation with an annual interest rate of 12% in an estimated term of 18 months (6 months of obligatory compliance) with a possibility of extension of 6 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 18% for 18 months or 24% if the final term is with the 6 month extension.<\/strong><\/p>\n\n\n\n

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

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

    \n
  • Purpose of the loan:<\/strong> Construction costs of a real estate development of a building of 18 multi-family dwellings at calle Treinta, 28-32, urbanization La Ca\u00f1ada, Paterna (Valencia).<\/li>\n\n\n\n
  • Guarantee:<\/strong> 1st degree mortgage.<\/li>\n\n\n\n
  • Term:<\/strong> 18 months (+ 6 months possible extension).<\/li>\n\n\n\n
  • Interest rate:<\/strong> 12% per annum.<\/li>\n\n\n\n
  • Estimated total yield:<\/strong> 18%.<\/li>\n\n\n\n
  • Interest payment:<\/strong> at maturity.<\/li>\n\n\n\n
  • Current ECO appraisal:<\/strong> \u20ac904,651 (LTV: 77.38%).<\/li>\n\n\n\n
  • ECO HET appraisal:<\/strong> \u20ac4,244,021 (LTV HET: 47.13%).<\/li>\n\n\n\n
  • LTV 1st disposition:<\/strong> 12.77%.<\/li>\n\n\n\n
  • Contributions:<\/strong>\n
      \n
    • Developer’s own funds:<\/strong> \u20ac700,000 (50%).<\/li>\n\n\n\n
    • Investors wecity phase I:<\/strong> \u20ac700,000.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Minimum investment:<\/strong> \u20ac500.<\/li>\n\n\n\n
    • Maximum investment: <\/strong>No limits.<\/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) amounts to \u20ac904,651.<\/strong> This represents a Loan to Value (LTV) over the current appraisal of 77.38%.<\/strong><\/p>\n\n\n\n

      The appraisal on the assumption of a finished building amounts to \u20ac4,244,021. <\/strong>This represents a Loan to Value (LTV) on HET appraisal of 47.13%.<\/strong><\/p>\n\n\n\n

      The Loan to Value (LTV) on first disposal is 12.77%.<\/strong><\/p>\n\n\n\n

      The independent appraiser in charge of identifying the value is EUROVAL,<\/strong> whose corporate name is EUROVALORACIONES SA, and which is registered as an Approved Appraisal Company by the Bank of Spain under number 4388.<\/p>\n\n\n\n

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

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

      The project consists of 18 multi-family dwellings with garage, storage room and large terraces, located at calle Treinta, 28-32, urbanization La Ca\u00f1ada, Paterna (Valencia).<\/p>\n\n\n\n

      <\/p>\n\n\n\n

      \"\"<\/figure>\n\n\n\n

      Ground Floor<\/strong> and Elevations to Calle 25 and Calle 30<\/strong> (you can see the rest of the plans in the Documents section).<\/p>\n\n\n\n

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

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

      La Ca\u00f1ada is an urbanization located in the northwest of the municipality of Valencia,<\/strong> just 10 kilometers from the city center. It offers a strategic location, allowing its inhabitants to enjoy a safe and quiet environment just minutes from the city.<\/p>\n\n\n\n

      La Ca\u00f1ada stands out for its serene environment surrounded by nature. The development is integrated in a green landscape with large wooded areas, which provides residents with a quiet and peaceful environment with all kinds of services.<\/p>\n\n\n\n

      In addition, it has easy and quick access to main roads and bus services, the commuter network provides efficient options for commuting to Valencia and surrounding areas, facilitating the mobility of residents.<\/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 on the building and the construction, located at calle Treinta, 28-32, urbanization La Ca\u00f1ada, Paterna (Valencia).<\/p>\n\n\n\n

      According to the appraisal report made by EUROVAL, the current appraisal amounts to \u20ac904,651. The loan to be made to the developer is 700,000 \u20ac, which means a Loan to Value (LTV) on the current appraisal of 77.38% and a Loan to Value of 1st disposal of 12.77%.<\/p>\n\n\n\n

      The HET appraisal (Hypothetical finished building) amounts to \u20ac4,244,021, which represents a Loan to Value HET of 47.13%.<\/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

      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.<\/p>\n\n\n\n

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