{"id":13900,"date":"2024-05-13T11:19:14","date_gmt":"2024-05-13T09:19:14","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/madrid-puerta-de-alcala\/"},"modified":"2025-03-13T16:54:57","modified_gmt":"2025-03-13T15:54:57","slug":"madrid-puerta-de-alcala","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/madrid-puerta-de-alcala\/","title":{"rendered":"Madrid-Puerta de Alcal\u00e1"},"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

Residencial Plaza de Independencia 2 SLU<\/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<\/strong><\/h2>\n\n\n\n

The investment opportunity consists of financing an amount of \u20ac2,200,000 through a first mortgage loan. <\/strong>The loan will be used to defray the costs of acquisition and refurbishment of commercial premises for the implementation of a caf\u00e9 and spa business. The exit of wecity’s investors will take place with the entry of the bank financing, once the rents are stabilized.<\/p>\n\n\n\n

The premises are located in Salustiano Ol\u00f3zaga street, 14 izquierda, Madrid, <\/strong>next to Puerta de Alcal\u00e1<\/strong>. It has a gross leasable area of 204 sqm and a 9.5 meters frontage. The operator will be SIX HARMONIES<\/strong>, the spa & wellness brand of the Ramses Group. Given the success of this project, the developer needs to increase the business area to meet demand. In addition, it will increase the services offered with a cafeteria focused on personal care and an events room. This location is strategic for Grupo Ramses, which seeks to strengthen its presence in Puerta de Alcal\u00e1, where they have different hospitality businesses such as Ramses, Patio de Leones, Lady Bongo, The Kave, Flamenco de Leones or Casa Faraona.<\/p>\n\n\n\n

Grupo Ramses, promoter of the project, has already provided funds for the acquisition of the asset in the amount of \u20ac445,000, which together with the \u20ac2,200,000 requested from wecity investors, make a total of \u20ac2,645,000 necessary for the execution of the project. In addition, the developer provides as 2nd degree mortgage guarantee; commercial premises in Salustiano Ol\u00f3zaga, 11, commercial premises Salustiano Ol\u00f3zaga, 14 center, and 18 parking spaces in Salustiano Ol\u00f3zaga, 12.<\/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 9 months <\/strong>(6 months mandatory) with a possibility of extension for an additional 6 months. The total estimated return is 9% for 9 months or 15% if the final term is 6 months with the extension. The interest payment + the return of the invested capital will be made at maturity.<\/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

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

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  • Purpose of the loan:<\/strong> To finance the acquisition and construction costs of the refurbishment of commercial premises at Salustiano Ol\u00f3zoga street, 14 izquierda.<\/li>\n\n\n\n
  • Guarantee:<\/strong> 1st degree mortgage on the asset and the construction.<\/li>\n\n\n\n
  • Additional guarantee:<\/strong> 2nd degree mortgage on: commercial premises at Salustiano Ol\u00f3zaga, 11, commercial premises at Salustiano Ol\u00f3zaga, 14 center, and 18 parking spaces at Salustiano Ol\u00f3zaga, 12.<\/li>\n\n\n\n
  • Term: <\/strong>9 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> 9%.<\/li>\n\n\n\n
  • Interest payment<\/strong>: at maturity.<\/li>\n\n\n\n
  • ECO appraisal<\/strong> of 1st and 2nd degree mortgaged assets (discounting bank debt): 3,851,726 \u20ac; LTV: 57.12%.<\/li>\n\n\n\n
  • Current ECO<\/strong> appraisal (1st degree): \u20ac2,090,298 (LTV 1st degree: 105%).<\/li>\n\n\n\n
  • ECO valuation <\/strong>of 1st and 2nd grade mortgaged assets: 5,555,432 \u20ac.<\/li>\n\n\n\n
  • Bank debt<\/strong> (2nd rank assets): 1.703.706 \u20ac.<\/li>\n\n\n\n
  • Contributions:<\/strong>\n
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    • Promoter:<\/strong> 445,000 \u20ac 445,000<\/li>\n\n\n\n
    • Wecity investors<\/strong>: 2.200.000 \u20ac.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • 2nd rank mortgage guarantee on:<\/strong> commercial premises at Salustiano Ol\u00f3zaga, 11, commercial premises at Salustiano Ol\u00f3zaga, 14 downtown, and 18 parking spaces at Salustiano Ol\u00f3zaga, 12.<\/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 (Order ECO 805\/2003) of the commercial property located at Salustiano Ol\u00f3zaga Street, 14 left amounts to 2,090,298 euros. This means a Loan to Value (LTV) over the current appraisal of 105%. The independent appraisal company 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.<\/p>\n\n\n\n

      In this project the following assets are mortgaged in 2nd rank:<\/p>\n\n\n\n

      1) The current appraisal for mortgage guarantee purposes, (Order ECO 805\/2003) of the commercial premises located at Salustiano Ol\u00f3zaga Street, 11, amounts to 2,051,337 \u20ac . The independent appraisal company in charge of identifying the value is SAVILLS, whose corporate name is Savills Valoraciones y Tasaciones SAU, and is registered as an Approved Appraisal Company by the Bank of Spain under number 4632.<\/p>\n\n\n\n

      2) The current appraisal for mortgage guarantee purposes, (Order ECO 805\/2003) of the commercial premises located at calle Salustiano Ol\u00f3zaga, 14 centro amounts to 161,126 \u20ac. The independent appraisal company in charge of identifying the value is VALMESA, whose corporate name is Valoraciones Mediterr\u00e1neo SA, and is registered as an Appraisal Company approved by the Bank of Spain under number 4350.<\/p>\n\n\n\n

      3) The current appraisal for mortgage guarantee purposes, (Order ECO 805\/2003) of 18 parking spaces located at 12 Salustiano Ol\u00f3zaga Street amounts to 1,252,671 \u20ac. The independent appraisal company in charge of identifying the value is CBRE, whose corporate name is CBRE Valuation Advisory SA, and it is registered as an Approved Appraisal Company by the Bank of Spain under number 4630.<\/p>\n\n\n\n

      The total value of the ECO appraisals of the mortgaged assets amounts to \u20ac5,555,432. 1,703,706, the value is \u20ac3,851,726. This represents a Loan to Value (LTV) over current appraisal of 57.12%.<\/p>\n\n\n\n

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

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

      The project consists of financing the acquisition and rehabilitation of commercial premises for the implementation of a cafeteria and spa business operated by the brand belonging to the Ramses Group, Six Harmonies, in Salustiano Ol\u00f3zaga Street, 14, Madrid.<\/p>\n\n\n\n

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      Im\u00e1genes reales de Six Harmonies en la calle Salustiano Ol\u00f3zaga, 11<\/p>\n\n\n\n

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

      The investment project is located on Salustiano Ol\u00f3zaga Street<\/strong>, in the heart of the Salamanca neighborhood, the nerve center of the city and one of the neighborhoods with the highest standard of living in Europe. Located less than 5 minutes walk from the National Library<\/strong>, Plaza Cibeles <\/strong>or El Retiro<\/strong>.<\/p>\n\n\n\n

      We are located in one of the most exclusive commercial areas of the city. The Salamanca district has the largest luxury shopping area in Madrid around the streets Serrano, Ortega y Gasset, Claudio Coello, Lagasca and Ayala.<\/p>\n\n\n\n