{"id":10799,"date":"2024-02-08T11:34:57","date_gmt":"2024-02-08T10:34:57","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/madrid-san-isidro\/"},"modified":"2025-03-13T13:28:49","modified_gmt":"2025-03-13T12:28:49","slug":"madrid-san-isidro","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/madrid-san-isidro\/","title":{"rendered":"Madrid-San Isidro"},"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

Eurobell Inversiones SL<\/strong>,<\/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 investment opportunity consists of a loan with 1st degree mortgage guarantee<\/strong>, destined to finance the construction costs of the transformation of a commercial premises into 5 dwellings, 85 storage rooms and 4 parking spaces. The premises are located on the first floor and basement of a building at Calle Teniente Ochoa Olalla, 2, Madrid.<\/strong> The exit of wecity’s investors takes place with the delivery of the homes and storage rooms to the buyers, once the First Occupancy License and Activity License are obtained.<\/p>\n\n\n\n

422,093 (37.62%) which, together with the \u20ac700,000<\/strong> requested from the wecity investors, make a total of \u20ac1,122,093 required for the execution of the project. 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% for an estimated term of 12 months (6 months mandatory) with a possibility of extension for an additional 6 months. The total estimated return is 10% for 12 months or 15% if the final term is with the 6 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

With a minimum investment of 500 \u20ac<\/strong> and a maximum investment of 3.000 \u20ac<\/strong>, you can participate in this opportunity with an excellent profitability and with the maximum guarantees.<\/p>\n\n\n\n

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

    \n
  • Purpose of the loan:<\/strong> Construction costs for the conversion of commercial premises into 5 dwellings, 85 storage rooms and 4 parking spaces at 2, Teniento Ochoa Olalla Street, Madrid.<\/li>\n\n\n\n
  • Guarantee: <\/strong>1st degree mortgage.<\/li>\n\n\n\n
  • Term: <\/strong>12 months (+ 6 months possible extension).<\/li>\n\n\n\n
  • Interest rate:<\/strong> 10% per annum.<\/li>\n\n\n\n
  • Estimated total return:<\/strong> 10%.<\/li>\n\n\n\n
  • Interest payment:<\/strong> at maturity<\/li>\n\n\n\n
  • ECO appraisal: <\/strong>\u20ac791,767 (current LTV: 88.41%)<\/li>\n\n\n\n
  • ECO HET appraisal:<\/strong> \u20ac1,438,826 (HET LTV: 48.65%)<\/li>\n\n\n\n
  • LTV First drawdown appraisal: <\/strong>21.47%.<\/li>\n\n\n\n
  • Contributions:<\/strong>\n
      \n
    • Developer’s own funds:<\/strong> 422,093 \u20ac (37.62%).<\/li>\n\n\n\n
    • WECITY investors:<\/strong> \u20ac700,000.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Minimum investment:<\/strong> \u20ac500<\/li>\n\n\n\n
    • Maximum investment:<\/strong> \u20ac3,000<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
      <\/div>\n\n\n\n

      What are ECUs?<\/h2>\n\n\n\n

      The Entidades Colaboradoras Urban\u00edsticas (ECU) are private entities duly accredited through the ENAC (Entidad Nacional de Acreditaci\u00f3n) to collaborate in the performance of verification, inspection and control of compliance with municipal urban planning regulations.<\/p>\n\n\n\n

      Recent regulations in Madrid simplify the procedures for opening or modifying real estate projects, which is beneficial for investors in the sector. The novelty is the possibility of collaborating with Entidades Colaboradoras Urban\u00edsticas (ECU), private companies that can facilitate the obtaining of licenses and issue certificates of compliance. This change not only streamlines the process, but also provides certainty for investors by ensuring compliance and reducing potential complications during inspections. In short, the regulations create a more favorable environment for real estate investment by making permitting more efficient and cost-effective.<\/p>\n\n\n\n

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

      The current appraisal for mortgage guarantee purposes (ECO Order 805\/2003) amounts to 791,767 \u20ac. This means a Loan to Value (LTV) over the current appraisal of 88.41%.<\/p>\n\n\n\n

      The appraisal on the assumption of a finished building amounts to \u20ac 1,438,826. This represents a Loan to Value (LTV) on HET appraisal of 48.65%.<\/p>\n\n\n\n

      The Loan to Value (LTV) on first disposal is 21.47%.<\/p>\n\n\n\n

      The independent appraiser in charge of identifying the value is ATVALOR, whose corporate name is Agrupaci\u00f3n T\u00e9cnica del Valor, and which is registered as an approved appraisal company by the Bank of Spain under number 4633.<\/p>\n\n\n\n

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

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

      The project consists of 5 homes, 4 parking spaces and 85 storage rooms.<\/p>\n\n\n\n

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

      Basement and first floor<\/p>\n\n\n\n

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

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

      The project is located at Calle Teniente Ochoa Olalla, 2, San Isidro (Carabanchel, Madrid).<\/p>\n\n\n\n

      San Isidro is a district located in the southwest of Madrid, which stands out for its proximity to the city center and its diversity of places of interest. Among them is La Pradera de San Isidro, an emblematic space where the people of Madrid congregate during the festivities in honor of the patron saint of the city.<\/p>\n\n\n\n

      In addition, the area offers other attractions such as the Parque Lineal del Manzanares, perfect for enjoying walks and cycling while enjoying nature in the heart of the city. San Isidro also borders Madrid R\u00edo, an urban revitalization project that transformed former industrial areas into a recreational space with parks, promenades and activities for the whole family.<\/p>\n\n\n\n

      With easy access from the center of Madrid and its surroundings, San Isidro benefits from its proximity to major highways such as the M-30, which circles the city, and the M-40, which connects Madrid’s various neighborhoods.<\/p>\n\n\n\n

      Marqu\u00e9s de Vadillo Street is the main artery that runs through the district, a bustling commercial corridor that brings life to the area while offering a wide variety of stores, restaurants and services, making it a point of reference for residents and visitors alike.<\/p>\n\n\n\n

      \"\"<\/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 asset and the building, located at 2, Teniente Ochoa Olalla Street, Madrid.<\/p>\n\n\n\n

      According to the appraisal report made by ATValor, the current appraisal amounts to \u20ac791,767.17. The loan to be made to the developer is 700,000 \u20ac, which means a Loan to Value (LTV) on the current appraisal of 88.41% and a Loan to Value of 1st disposal of 21.47%.<\/p>\n\n\n\n

      The HET appraisal (Hypothetical finished building) amounts to 1,438,826.36 \u20ac, which represents a Loan to Value HET of 48.65%.<\/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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