{"id":15374,"date":"2024-07-29T14:23:55","date_gmt":"2024-07-29T12:23:55","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/cadiz-el-puerto-de-santa-maria\/"},"modified":"2025-03-13T17:22:29","modified_gmt":"2025-03-13T16:22:29","slug":"cadiz-el-puerto-de-santa-maria","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/cadiz-el-puerto-de-santa-maria\/","title":{"rendered":"C\u00e1diz-El Puerto de Sta. Mar\u00eda"},"content":{"rendered":"\n

WECITY complies with Law 5\/2015 and with Regulation (EU) 2020\/1503 of the European Parliament and of the Council of 7 October 2020 on European providers of crowdfunding services for companies. It is authorized by the CNMV as a Participatory Financing Platform registered under number 30, with a favorable proposal from the Bank of Spain.<\/p>\n\n\n\n

Metales El Carmen SL<\/strong>, requests financing from wecity for this investment opportunity. Investor, before making your investment please read the basic information for the investor client.<\/p>\n\n\n\n

Skin in the game: “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. These investments will be made under the same conditions as those of other investors without receiving preferential treatment or privileged access to information.”<\/p>\n\n\n\n

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

The investment opportunity<\/strong> consists of financing the construction costs<\/strong> (currently in the earthmoving phase) of a plot of land in \u00c1ngel Urz\u00e1iz Street, 9, El Puerto de Santa Mar\u00eda (C\u00e1diz).<\/strong> The plot has an area of 325 m2<\/sup> on which a building of 508 m2 <\/sup>is planned to be built <\/sup>, in which a development of a building with 8 dwellings and 9 parking spaces will be developed. Currently, the project has a building permit and the pre-sale level is 100% of the dwellings (8 of 8 units), with reserves of 5,000 \u20ac.<\/p>\n\n\n\n

The project will be financed through a 600,000 \u20ac fixed rate mortgage loan with a 1st degree mortgage guarantee<\/strong>.<\/p>\n\n\n\n

The developer<\/strong> (Metales El Carmen SL) has contributed its own funds in the amount of 127,250 \u20ac<\/strong>, which together with the 600,000 \u20ac requested from wecity investors, reach a total amount of 727,250 \u20ac necessary for the execution of the project. The exit of<\/strong> wecity investors<\/strong> occurs with the delivery of the houses to the buyers, once the first occupancy license is obtained.<\/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 12 months<\/strong> (6 months of obligatory compliance) and with the possibility of extending for an additional 6 months<\/strong>.<\/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 the maximum guarantees. The total estimated profit is 12%<\/strong> for 12 months or 18%<\/strong> if the final term is 18 months including the extension.<\/p>\n\n\n\n

The return of the capital together with ordinary interest will be at the maturity of the project<\/strong>.<\/p>\n\n\n\n

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

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  • Purpose of the loan:<\/strong> To finance the construction costs of an 8-home development at 9 \u00c1ngel Urz\u00e1iz Street, El Puerto de Santa Mar\u00eda, C\u00e1diz.<\/li>\n\n\n\n
  • Guarantee:<\/strong>1st<\/sup> degree mortgage.<\/li>\n\n\n\n
  • Term:<\/strong> 12 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> 12%.<\/li>\n\n\n\n
  • Interest payment:<\/strong> at maturity.<\/li>\n\n\n\n
  • LTV 1st drawdown: <\/strong>50.18% (1st drawdown:<\/strong> 162,345 \u20ac)<\/li>\n\n\n\n
  • Current ECO appraisal:<\/strong> 323,543 \u20ac (LTV: 185%<\/strong>)<\/li>\n\n\n\n
  • ECO HET appraisal: <\/strong>\u20ac1,354,839 (LTV HET: 44.29%<\/strong>).<\/li>\n\n\n\n
  • Contributions:<\/strong>\n
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    • Developer’s own funds:<\/strong> 127,250 \u20ac.<\/li>\n\n\n\n
    • Wecity investors:<\/strong> 600,000 \u20ac.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Minimum investment:<\/strong> 500 \u20ac.<\/li>\n\n\n\n
    • Maximum investment<\/strong>: 3,000\u20ac*.<\/li>\n<\/ul>\n\n\n\n

      *The maximum investment will be limited during the first hour after the opening of the project.<\/p>\n<\/div><\/div>\n\n\n\n

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

      ECO Valuation<\/h2>\n\n\n\n

      The current appraisal for mortgage guarantee purposes (ECO Order 805\/2003) amounts to 323,543 \u20ac.<\/strong> This means a Loan to Value (LTV) over the current appraisal of 185%.<\/p>\n\n\n\n

      The appraisal on the assumption of a completed building amounts to \u20ac 1,354,839<\/strong>. This represents a Loan to Value (LTV) on HET appraisal of 44.29%.<\/strong><\/p>\n\n\n\n

      The Loan to Value (LTV) on first disposal is 50.18%.<\/strong><\/p>\n\n\n\n

      The independent appraiser in charge of identifying the value is UVE VALORACIONES,<\/strong> whose corporate name is UVE Valoraciones SA, and is registered as an Appraisal Company approved by the Bank of Spain under number 4631.<\/p>\n\n\n\n

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

      The Project<\/h2>\n\n\n\n

      The project consists of the development of 8 dwellings in \u00c1ngel Urz\u00e1iz Street, 9, El Puerto de Santa Mar\u00eda, C\u00e1diz.<\/p>\n\n\n\n

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

      El Puerto de Santa Mar\u00eda, located on the coast of C\u00e1diz<\/strong>, is a leading real estate destination for its combination of natural beauty, historical heritage and quality of life. With a temperate Mediterranean climate, golden sandy beaches and a rich cultural and gastronomic offer, this city has become a coveted location for buying and renting property. The city’s infrastructure is modern and has excellent road and rail connections, as well as a good connection to Jerez airport<\/strong>.
      <\/p>\n\n\n\n

      Real estate investors find opportunities in El Puerto de Santa Mar\u00eda in the tourist rental market, especially during the high season, as well as in the development of new residential developments. The demand for holiday homes and second homes has grown considerably, driven by its attractiveness as a tourist destination and the quality of life it offers its residents. In short, El Puerto de Santa Mar\u00eda not only offers an idyllic setting in which to live, but also interesting opportunities for real estate investment, both in the residential and tourist sectors.<\/p>\n\n\n\n