{"id":14008,"date":"2024-05-16T16:10:33","date_gmt":"2024-05-16T14:10:33","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/alicante-la-herrada-2\/"},"modified":"2025-03-13T16:57:23","modified_gmt":"2025-03-13T15:57:23","slug":"alicante-la-herrada-2","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/alicante-la-herrada-2\/","title":{"rendered":"Alicante-La Herrada II"},"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

Proyectos Alba – Salina 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

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

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

The investment opportunity consists of financing PHASE II<\/strong> of the \u201cAlicante-La Herrada<\/strong>\u201d project.<\/p>\n\n\n\n

Once the developer has made the pre-agreed partial cancellations in PHASE I for an amount of \u20ac700,000 (4 of 14 homes), it activates this phase to continue covering the costs associated with the work. In relation to the 10 homes<\/strong> that continue to form part of the project, it should be noted that the level of pre-sales <\/strong>is 50% <\/strong>(5 of 10 documented reservations) and the level of certified work progress is 35.91%<\/strong>. The developer has contributed equity of \u20ac479,934 to the project.<\/p>\n\n\n\n

The project will be financed through a \u20ac600,000<\/strong> fixed-rate mortgage loan secured by a first mortgage.<\/p>\n\n\n\n

Finally, it is worth mentioning that the site has a registered surface area of 3,302 m2<\/strong>. The entire development consists of a total of 14 single-family homes with private garden and swimming pool.<\/p>\n\n\n\n

The exit of the investors from wecity occurs with the sale and delivery of the houses, once the First Occupancy License is obtained.<\/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

With a minimum investment of<\/strong> 500 \u20ac<\/strong> and no investment limit, you can participate in this opportunity with an excellent profitability and with the maximum guarantees.<\/p>\n\n\n\n

\n

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

    \n
  • Type of Investment:<\/strong> Fixed interest loan.<\/li>\n\n\n\n
  • Guarantee:<\/strong> 1st degree mortgage.<\/li>\n\n\n\n
  • Purpose of the loan:<\/strong> Development of a real estate promotion of 14 single-family homes located in Los Montesinos (Alicante).<\/li>\n\n\n\n
  • Contribution:<\/strong>\n
      \n
    • Developer’s contribution:<\/strong> 479,934 \u20ac.<\/li>\n\n\n\n
    • Buyers’ contribution:<\/strong> 407,014 \u20ac.<\/li>\n\n\n\n
    • Future buyer contributions:<\/strong> 1.492.686 \u20ac.<\/li>\n\n\n\n
    • Investors wecity phase II:<\/strong> 600.000 \u20ac.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Type of property:<\/strong> New Construction-Residencial<\/li>\n\n\n\n
    • Interest rate:<\/strong> 12 % p.a.<\/li>\n\n\n\n
    • Estimated total profitability:<\/strong> 5 %.<\/li>\n\n\n\n
    • Amount 1st disposal:<\/strong> 1.130.350 \u20ac (Outstanding debt 1st phase (800.000 \u20ac) + 1st disposal phase II (330.350 \u20ac))<\/li>\n\n\n\n
    • LTV First drawdown appraisal:<\/strong> 65.21% LTV HET appraisal: 48.21<\/li>\n\n\n\n
    • LTV HET Appraisal:<\/strong> 48.73 % LTV Actual: 80.70% LTV<\/li>\n\n\n\n
    • LTV Actual:<\/strong> 80.70% LTV<\/li>\n\n\n\n
    • Loan term:<\/strong> 5 months (2 months mandatory)<\/li>\n\n\n\n
    • Interest payment:<\/strong> at maturity<\/li>\n\n\n\n
    • Minimum investment:<\/strong> 500 \u20ac.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n

      ECO Tasation<\/h2>\n\n\n\n

      The current appraisal<\/strong> for mortgage guarantee purposes (ECO Order 805\/2003) amounts to \u20ac1,733,380. This means a Loan to Value<\/strong> (LTV) over the current appraisal of 80.70%.<\/strong><\/p>\n\n\n\n

      The appraisal<\/strong> on the assumption<\/strong> of a finished building<\/strong> amounts to \u20ac 2,872,883<\/strong>. This represents a Loan to Value <\/strong>(LTV) on HET appraisal of 48.73%.<\/p>\n\n\n\n

      The Loan to Value<\/strong> (LTV) on first disposal<\/strong> is 65.21%<\/strong>.<\/p>\n\n\n\n

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

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

      The project involves the acquisition of the plot and the completion of the construction of 14 single-family homes<\/strong>, with private<\/strong> garden<\/strong> and swimming pool.<\/strong><\/p>\n\n\n\n

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

      Im\u00e1genes de vivienda similar de fases anteriores<\/p>\n\n\n\n

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

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

      The project is located in the town of Los Montesinos<\/strong> (Alicante). Located in the triangle formed by the cities of Alicante<\/strong>, Murcia<\/strong> and Cartagena<\/strong>, access to these cities is fast and through roads in a perfect state of preservation. In addition, the town of Torrevieja<\/strong>, one of the coastal cities with more tourist tradition of the Valencian community is only 10 km away. The municipality of Los Montesinos, is surrounded by farmland, and by the great natural beauty that gives the views of the Salinas de Torrevieja<\/strong>.<\/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 have as 1st degree mortgage guarantee the plot of land and the building, located at Calle La Herrada<\/strong>, Parcela 12.1, Los Montesinos<\/strong> (Alicante).<\/p>\n\n\n\n

      The independent appraisal company in charge of identifying the value is VALMESA<\/strong> , whose corporate name is Valoraciones Mediterr\u00e1neo SA<\/strong>, and is registered as an Approved Appraisal Company by the Bank of Spain under number 4,350.<\/p>\n\n\n\n

      According to the appraisal report prepared by GESVALT, the current appraisal amounts to \u20ac1,733,380<\/strong>.<\/p>\n\n\n\n

      The loan to be made to the developer is 2,100,000 \u20ac<\/strong>, after reducing the partial cancellations made (700,000 \u20ac), the outstanding debt<\/strong> is 1,400,000 \u20ac<\/strong>, which means a Loan to Value<\/strong> over the current appraisal of 80.70%<\/strong>.<\/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<\/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.<\/p>\n\n\n\n

      The use of the funds<\/strong> by the promoter will be monitored<\/strong> by a company external to wecity<\/strong>.<\/p>\n\n\n\n

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