{"id":13419,"date":"2024-04-19T11:56:02","date_gmt":"2024-04-19T09:56:02","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/marbella-el-herrojo\/"},"modified":"2025-03-13T16:53:20","modified_gmt":"2025-03-13T15:53:20","slug":"marbella-el-herrojo","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/marbella-el-herrojo\/","title":{"rendered":"Marbella-El Herrojo"},"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

Tortuga Projects Developments SL<\/strong><\/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>“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

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

The developer requests from wecity a fixed rate loan with 1st degree mortgage guarantee<\/strong> for an amount of \u20ac1,500,000<\/strong> corresponding to phase I of the total financing, which may amount to a maximum of \u20ac3,000,000 in two phases. The purpose of the financing is to defray the costs of the execution of the refurbishment of a luxury villa until the delivery of the property to the buyer, once the First Occupancy License is obtained. The project is additionally secured by an irrevocable power of sale.<\/p>\n\n\n\n

The exit of the investors from wecity occurs with the sale and delivery of the property to the buyer.<\/p>\n\n\n\n

The property is located in the Urbanization El Herrojo, Plot 91, Benahav\u00eds, one of the most exclusive urbanizations in Marbella <\/strong>with private access controlled by security. It has a built area of 720 m2<\/sup> on a plot of 1,198 m2<\/sup> with large gardens and spectacular sea views. The project includes 6 bedrooms with terrace and an apartment for service staff with separate entrance. In addition, it is designed with all kinds of details and luxuries, such as elevator, outdoor kitchen or infinity pool. Marketing will begin when the construction work is close to 100% complete.<\/p>\n\n\n\n

The developer is providing its own funds in the amount of \u20ac2,000,000 (57%), together with the \u20ac1,500,000 requested from the investors of wecity phase I, for a total of \u20ac3,500,000 required to start construction. The promoter will be able to activate phase II until completing the funds necessary for the execution 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 12% for an estimated term of 15 months (6 months mandatory) with a possibility of extension 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. The estimated total return is 15% for months or 21% if the final term is with the 21-month extension.<\/p>\n\n\n\n

The promoter will make an annual payment of ordinary interest. In addition, there will be another payment of ordinary interest together with the amortization of the principal at the maturity of the project.<\/p>\n\n\n\n

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

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  • Purpose of the loan: <\/strong>To finance the construction costs of a luxury villa in the urbanization El Herrojo, plot 91, Benahav\u00eds (Marbella, M\u00e1laga).<\/li>\n\n\n\n
  • Guarantee:<\/strong> 1st degree mortgage.<\/li>\n\n\n\n
  • Additional guarantee:<\/strong> Irrevocable power of sale.<\/li>\n\n\n\n
  • Term:<\/strong> 15 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>15%.<\/li>\n\n\n\n
  • Interest payment:<\/strong> annual and at maturity.<\/li>\n\n\n\n
  • LTV 1st drawdown:<\/strong> 40.66% (1st drawdown: \u20ac996,485).<\/li>\n\n\n\n
  • Current ECO appraisal:<\/strong> \u20ac2,450,598 (LTV: 61,21%).<\/li>\n\n\n\n
  • ECO HET appraisal:<\/strong> \u20ac4,980,286 (LTV HET: 60.24%).<\/li>\n\n\n\n
  • Contributions:<\/strong>\n
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    • Developer’s own funds: <\/strong>2.000.000 \u20ac (57%).<\/li>\n\n\n\n
    • Investors wecity phase I:<\/strong> 1.500.000 \u20ac<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Minimum investment:<\/strong> 500 \u20ac.<\/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 Tasation<\/h2>\n\n\n\n

      The current appraisal for mortgage guarantee purposes (ECO Order 805\/2003) amounts to \u20ac2,450,598. This represents a Loan to Value (LTV) over the current appraisal of 60.21%.<\/p>\n\n\n\n

      The appraisal on the assumption of a completed building amounts to \u20ac4,980,286. This represents a Loan to Value (LTV) on HET appraisal of 60.24%.<\/p>\n\n\n\n

      The Loan to Value (LTV) on first disposal is 40.66%.<\/strong><\/p>\n\n\n\n

      The independent appraiser in charge of identifying the value is CBRE, whose corporate name is CBRE Valuation Advisory SA, and is registered as an Approved Appraisal Company by the Bank of Spain under number 4630.<\/strong><\/p>\n\n\n\n

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

      The project consists of the rehabilitation of a house to promote a 6-bedroom luxury villa<\/strong> on plot 91, urbanization El Herrojo, Benahav\u00eds (Marbella, M\u00e1laga).<\/p>\n\n\n\n

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

      The project is located in the prestigious urbanization of El Herrojo,<\/strong> in the area of Marbella Benahav\u00eds, province of M\u00e1laga<\/strong>, one of the most exclusive areas of the Costa del Sol<\/strong>.<\/p>\n\n\n\n

      Its privileged mountaintop location guarantees unparalleled panoramic views of the Mediterranean Sea and the surrounding landscape. This elevated location offers residents an oasis of serenity and privacy, while enjoying the natural beauty that surrounds the area.
      Just a few minutes’ drive from the main entrance is the vibrant center of Marbella, with its exclusive restaurants and luxury boutiques, as well as the iconic Golden Mile and the emblematic area of Puerto Banus. Residents of El Herrojo enjoy the convenience of having quick access to all the amenities and attractions that make Marbella Benahav\u00eds one of the most desirable destinations on the Costa del Sol.<\/p>\n\n\n\n