{"id":11106,"date":"2024-02-20T17:03:33","date_gmt":"2024-02-20T16:03:33","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/marbella-nueva-andalucia\/"},"modified":"2025-03-13T13:26:13","modified_gmt":"2025-03-13T12:26:13","slug":"marbella-nueva-andalucia","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/marbella-nueva-andalucia\/","title":{"rendered":"Marbella-Nueva Andaluc\u00eda"},"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

Apolinario 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 investment opportunity consists of a 1st degree mortgage loan<\/strong> to finance the cancellation of a mortgage debt with a debt fund in the amount of 1,689,025 \u20ac and the construction costs for the completion of the rehabilitation of a luxury villa located in the Urbanization Dominion Villas, Plot 1, Nueva Andaluc\u00eda, Marbella (M\u00e1laga)<\/strong>. The exit of the investors from wecity takes place with the delivery of the property, once the First Occupancy License is obtained. Currently, the degree of construction progress is 80.27%.<\/p>\n\n\n\n

The house has a built area of 487 m2<\/sup><\/strong> built on a plot of more than 1,220 m2<\/sup>. The project consists of the rehabilitation of the house into an exclusive luxury villa with a unique design. The scope of the development is comprehensive, highlighting the remodeling of the extensive gardens and swimming pool.<\/p>\n\n\n\n

The developer provides its own funds in the amount of 1,121,126 \u20ac<\/strong> (32.77%) which, together with the 2,300,000 \u20ac requested from wecity investors, add up to a total of 3,421,126 \u20ac of funds necessary for the completion of the project.<\/p>\n\n\n\n

Through wecity you can participate in a fixed-rate loan operation with an annual interest rate of 11% for an estimated term of 12 months (6 months mandatory) with the possibility of extending for an additional 6 months.<\/strong><\/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.<\/p>\n\n\n\n

<\/div>\n\n\n\n
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Investment keys<\/strong><\/p>\n\n\n\n

    \n
  • Purpose of the loan:<\/strong> Mortgage debt cancellation costs and construction costs to complete the refurbishment of a luxury villa located as Plot 1, Urbanization Dominion Villas, Nueva Andaluc\u00eda, Marbella.<\/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> 11% per annum.<\/li>\n\n\n\n
  • Estimated total yield:<\/strong> 11%.<\/li>\n\n\n\n
  • Interest payment:<\/strong> at maturity<\/li>\n\n\n\n
  • ECO appraisal:<\/strong> 3,099,019 \u20ac (current LTV: 74.22%)<\/li>\n\n\n\n
  • ECO HET appraisal: <\/strong>\u20ac4,257,676 (HET LTV: 54.02%)<\/li>\n\n\n\n
  • LTV First drawdown appraisal:<\/strong> 67.76 %.<\/li>\n\n\n\n
  • Contributions:<\/strong>\n
      \n
    • Developer’s own funds:<\/strong> 1,121,126 \u20ac (32.77%).<\/li>\n\n\n\n
    • WECITY investors:<\/strong> \u20ac2,300,000.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Minimum investment:<\/strong> 500 \u20ac.<\/li>\n\n\n\n
    • Maximum investment:<\/strong> No investment 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 \u20ac3,099,019<\/strong>. This represents a Loan to Value (LTV) over the current appraisal of 74.22%.<\/strong><\/p>\n\n\n\n

      The appraisal on the assumption of a finished building amounts to \u20ac4,257,676.<\/strong> This represents a Loan to Value (LTV) on HET appraisal of 54.02%.<\/strong><\/p>\n\n\n\n

      The Loan to Value (LTV) on first disposal is 67.76%.<\/strong><\/p>\n\n\n\n

      The independent appraiser in charge of identifying the value is VALUM<\/strong>, whose corporate name is Instituto de Valoraciones SA, and which is registered as an Approved Appraisal Company by the Bank of Spain under number 4498.<\/p>\n\n\n\n

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

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

      The project consists of the rehabilitation of a luxury villa located in the urbanization Dominion Villas, plot 1, Nueva Andaluc\u00eda, Marbella.<\/strong><\/p>\n\n\n\n

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

      Plot plan (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
      \"\"<\/figure>\n\n\n\n
      <\/div>\n\n\n\n

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

      Located in the heart of Marbella<\/strong>, Nueva Andaluc\u00eda offers an unparalleled connection to the attractions of the Costa del Sol<\/strong>, as well as a harmonious environment surrounded by lush Mediterranean landscapes. Meticulously designed gardens, landscaped pathways and architecture integrated with the surroundings create an oasis of serenity that invites residents to enjoy the tranquility and beauty of their surroundings.<\/p>\n\n\n\n

      It is located just a few minutes drive from Puerto Banus<\/em><\/strong>, the prestigious and exclusive marina. This proximity adds an exclusive touch to the lifestyle that Nueva Andaluc\u00eda offers, allowing residents to immerse themselves in the sophistication of this iconic Marbella destination.<\/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 asset and the building, located in the urbanization Dominion Villas, plot 1, Nueva Andaluc\u00eda, Marbella.<\/p>\n\n\n\n

      According to the appraisal report made by Valum, the current appraisal amounts to 3,099,019 \u20ac. The loan to be made to the developer is 2,300,000 \u20ac, which means a Loan to Value (LTV) on the current appraisal of 74.22% and a Loan to Value of 1st disposal of 67.73%.<\/p>\n\n\n\n

      The HET appraisal (Assumed Completed Building) amounts to \u20ac4,257,676, which represents a Loan to Value HET of 54.02%.<\/p>\n\n\n\n

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

      Collateral 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.<\/strong><\/p>\n\n\n\n

      In this case the designated Collateral Agent is BONDHOLDERS.<\/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.<\/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 depositions requested. 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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