{"id":14588,"date":"2024-06-10T15:39:17","date_gmt":"2024-06-10T13:39:17","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/estepona-puertadelmar\/"},"modified":"2025-03-13T17:06:38","modified_gmt":"2025-03-13T16:06:38","slug":"estepona-puertadelmar","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/estepona-puertadelmar\/","title":{"rendered":"Estepona-Puerta del Mar"},"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

Magallsur Construcciones y Rehabilitaciones 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<\/strong><\/h2>\n\n\n\n

The investment opportunity consists of financing the acquisition of plot 19 of the SUP R-5 \u201cLas Mesas\u201d <\/strong>sector, Estepona. The plot has an area of 2,578 m2 and a buildable area<\/strong> above ground of 3,696 m2, on which a building of 36 homes<\/strong> will be developed, some of them with excellent sea views. The project includes parking spaces and storage rooms, as well as spacious common areas with swimming pool, coworking space and gymnasium. Currently, the pre-sales level is 36% (13 of 36 documented reservations). The developer applied for the license in June 2024.<\/p>\n\n\n\n

The project will be financed through a \u20ac1,800,000 fixed-rate mortgage loan with a first mortgage guarantee<\/strong>. In this project, the loan has as an additional guarantee a pledge of the amounts owed by the AEAT to the developer for the refund of VAT (Value Added Tax) amounting to \u20ac525,000.<\/strong><\/p>\n\n\n\n

The developer, ARG Promociones, has contributed its own funds in the amount of 1,642,543 \u20ac (47.44%),<\/strong> which together with the 1,800,000 \u20ac <\/strong>requested from the wecity<\/strong> investors, reaches a total amount of 3,424,543 \u20ac necessary for the acquisition of the land and payment of the technical costs.<\/p>\n\n\n\n

The repayment of the wecity investors’ loan will take place with the entry of the developer loan, once the building permit and the level of pre-sales required by the financing entity have been obtained.<\/p>\n\n\n\n

Through wecity you can participate in a fixed rate loan operation with an annual interest rate of 11%<\/strong> for an estimated term of 12 months<\/strong> (6 months mandatory) with the possibility of an extension of 3 additional months<\/strong>. The total estimated return is 11% for 12 months or 13.75% if the final term is 15 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<\/strong>, you can participate in this opportunity with an excellent profitability and with maximum guarantees.<\/p>\n\n\n\n

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

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  • Purpose of the loan<\/strong>: To finance the acquisition costs of plot 19 of sector R-5, Las Mesas, Estepona (M\u00e1laga).<\/li>\n\n\n\n
  • Guarantee<\/strong>: 1st degree mortgage on the asset.<\/li>\n\n\n\n
  • Additional guarantee<\/strong>: Irrevocable power of sale.<\/li>\n\n\n\n
  • Additional guarantee<\/strong>: VAT refund pledge in the amount of \u20ac525,000.<\/li>\n\n\n\n
  • Term<\/strong>: 12 months (+ 3 months possible extension).<\/li>\n\n\n\n
  • Annual interest rate<\/strong>: 11%.<\/li>\n\n\n\n
  • Estimated total return<\/strong>: 11%.<\/li>\n\n\n\n
  • Interest payment<\/strong>: at maturity.<\/li>\n\n\n\n
  • Marketability<\/strong>: 36% <\/li>\n\n\n\n
  • Current ECO valuation<\/strong>: \u20ac2,580,980 (current LTV: 69.74%).<\/li>\n\n\n\n
  • Contributions<\/strong>:\n
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    • Developer<\/strong>: \u20ac1,624,542 (47.44%).<\/li>\n\n\n\n
    • Wecity investors<\/strong>: 1.800.000 \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
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      ECO Appraisal and Mortgage Guarantee<\/h2>\n\n\n\n

      The loan will be secured by a 1st degree mortgage<\/strong> on plot 19 of the SUP R-5 \u201cLas Mesas\u201d sector, Estepona (M\u00e1laga).<\/p>\n\n\n\n

      The current appraisal for mortgage guarantee purposes (Order ECO 805\/2003) amounts to 2,580,980 \u20ac<\/strong>. This means a Loan to Value <\/strong>(LTV) over the current appraisal of 69.74%. The independent appraisal entity in charge of identifying the value is TECNITASA, whose corporate name is T\u00e9cnicos en Tasaci\u00f3n SA, and is registered<\/strong> as an Approved Appraisal Company by the Bank of Spain<\/strong> under number 4315.<\/p>\n\n\n\n

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

      Estepona<\/strong>, on the Costa del Sol, is a highlight of the Spanish real estate market, renowned for its privileged natural environment. The real estate offer is varied<\/strong>, with luxury villas, modern apartments and traditional houses, many with panoramic views of the Mediterranean Sea.<\/p>\n\n\n\n

      The town has a first-class infrastructure, including prestigious educational centers such as the San Jos\u00e9 International School<\/strong> and high quality medical services such as the Cenyt Hospital<\/strong>.<\/p>\n\n\n\n

      Estepona is also a paradise for sports enthusiasts, with numerous renowned golf courses, tennis and water sports facilities. The combination of its sunny climate, quality of life and excellent connectivity<\/strong>, close to Marbella and Malaga Airport, makes Estepona an ideal destination for both residential and investment property, ensuring continued demand in its real estate market.<\/p>\n\n\n\n