{"id":14797,"date":"2024-06-24T10:40:15","date_gmt":"2024-06-24T08:40:15","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/valencia-estacion\/"},"modified":"2025-03-13T17:14:15","modified_gmt":"2025-03-13T16:14:15","slug":"valencia-estacion","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/valencia-estacion\/","title":{"rendered":"Valencia-Estaci\u00f3n"},"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

Edificio Mosen Febrer 18 Coop.V<\/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 a plot of land located at 18, Mos\u00e9n Febrer Street, Valencia<\/strong>, in the Creu Coberta neighborhood. The plot has an area of 538 m2 and a buildable area above ground of 2,534 m2, on which the development of a building of 18 homes, 7 tourist apartments, with 20 parking spaces and 18 storage rooms will be developed<\/strong>. Currently, the marketing level is 92% (23 out of 25 documented reservations). The developer applied for the license in January 2024. The project is being developed as a cooperative, with Valorae Cooperativas as the project manager.<\/p>\n\n\n\n

The project will be financed through a fixed-rate mortgage loan of \u20ac550,000 with a 1st degree mortgage guarantee.<\/strong><\/p>\n\n\n\n

The cooperative members (Edificio Mosen Febrer 18 Coop.V) are providing their own funds in the amount of 444,906 \u20ac<\/strong> (44.72%), which together with the 550,000 \u20ac <\/strong>requested from the wecity investors makes a total amount of 994,906 \u20ac necessary for the acquisition of the land.<\/p>\n\n\n\n

The repayment of the loan to the wecity investors will take place with the entry of the developer loan, once the building permit is obtained.<\/p>\n\n\n\n

The repayment of the loan to wecity investors will occur with the entry of the developer loan, once the building permit is obtained.<\/p>\n\n\n\n

Through wecity you can participate in a fixed rate loan operation with an annual interest rate of 11% in an estimated term of 6 months <\/strong>(6 months of obligatory compliance) with a possibility of extension of 3 additional months. <\/strong>The total estimated return is 5.5% for 6 months or 8.25% if the final term is 9 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><\/strong><\/strong><\/strong><\/p>\n\n\n\n

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  • Purpose of the loan:<\/strong> To finance the acquisition costs of the plot of land located at 18, Mos\u00e9n Febrer Street, Valencia.<\/li>\n\n\n\n
  • Collateral<\/strong>: 1st degree mortgage on the asset.<\/li>\n\n\n\n
  • Additional guarantee<\/strong>: Irrevocable power of sale.<\/li>\n\n\n\n
  • Term<\/strong>: 6 months (+ 3 months possible extension).<\/li>\n\n\n\n
  • Annual interest rate<\/strong>: 11%.<\/li>\n\n\n\n
  • Estimated total return<\/strong>: 5.5%.<\/li>\n\n\n\n
  • Interest payment<\/strong>: at maturity.<\/li>\n\n\n\n
  • Commercialization<\/strong> (apartments + homes): 92% (23 of 25 units).<\/li>\n\n\n\n
  • Commercialization<\/strong> (homes): 100% (18 of 18 of the homes awarded).<\/li>\n\n\n\n
  • Current ECO appraisal:<\/strong> \u20ac1,278,405 (current LTV: 43.02%).<\/li>\n\n\n\n
  • Contributions<\/strong>:\n
      \n
    • Cooperative<\/strong>: 444,906 \u20ac<\/li>\n\n\n\n
    • WECITY Loan<\/strong>: 550,000 \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 Appraisal and Mortgage Guarantee<\/h2>\n\n\n\n

      The loan will be secured by a 1st degree mortgage<\/strong> on the plot of land located at 18, Mos\u00e9n Febrer Street, Valencia.<\/p>\n\n\n\n

      The current appraisal<\/strong> for mortgage guarantee purposes (Order ECO 805\/2003) amounts to 1,278,405 \u20ac<\/strong>. This means a Loan to Value<\/strong> (LTV) over the current appraisal of 43.02%. The independent appraisal company in charge of identifying the value is SOCIEDAD DE TASACI\u00d3N<\/strong>, whose corporate name is Sociedad de Tasaci\u00f3n SA, and which is registered as an approved appraisal company by the Bank of Spain<\/strong> under number 4301.<\/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

      Valencia<\/strong>, on the Costa del Azahar, is the third largest city in the country. Known for its rich history, Valencia perfectly combines the ancient and the modern. Its urban environment, with the City of Arts and Sciences<\/strong> and Mediterranean beaches such as Malvarrosa<\/strong> or El Saler<\/strong> attracts those seeking a luxurious and relaxed lifestyle.<\/p>\n\n\n\n

      Valencia has renowned educational centers such as the German School and Caxton College<\/strong>, and outstanding health services such as the Hospital Cl\u00ednico Universitario and Hospital Quir\u00f3nsalud.<\/strong><\/p>\n\n\n\n

      The wide gastronomic and leisure offer, together with recreational activities such as sailing<\/strong> in the Marina Real and golf at clubs such as the Escorpi\u00f3n Golf Club, complement its attractive Mediterranean lifestyle.<\/p>\n\n\n\n