{"id":15809,"date":"2024-07-24T09:59:24","date_gmt":"2024-07-24T07:59:24","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/marbella-la-quinta\/"},"modified":"2025-03-13T17:21:06","modified_gmt":"2025-03-13T16:21:06","slug":"marbella-la-quinta","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/marbella-la-quinta\/","title":{"rendered":"Marbella – La Quinta"},"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

Tortuga Projects Developments 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 consists of financing the construction costs of a luxury villa located in Benahav\u00eds, Marbella. It is one of the most exclusive private urbanizations in Marbella with controlled access and private security.<\/p>\n\n\n\n

The plot has 2.200m2 on which will be developed a 1.050 m2 house with 7 bedrooms with terrace, large gardens and all kinds of details and luxuries such as elevator, indoor pool and outdoor infinity pool with spectacular sea views.<\/p>\n\n\n\n

The project will be financed through a fixed rate loan with a 1st degree mortgage guarantee for an amount of 2.000.000\u20ac<\/strong>, corresponding to PHASE I of a total loan, which may amount to a maximum of 4.200.000\u20ac in 3 phases<\/strong>.<\/p>\n\n\n\n

1,469,600 (42%),<\/strong> which has been used for the acquisition of the land, project and building permit. The developer may activate PHASES II and III until completing the funds necessary for the total execution of the project.<\/p>\n\n\n\n

The repayment of the wecity loan will be achieved with the sale and delivery of the property. Due to its unique asset type, the commercialization process will begin once the construction progress is high.<\/p>\n\n\n\n

Through wecity you can participate in a fixed rate loan operation with an annual interest rate of 12% in an estimated term of 18 months<\/strong> (6 of obligatory compliance) and with the possibility of an extension of 6 additional 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 estimated total return is 18% for 18 months (or 24% if the final term is 24 months including the extension). The payment of interest will be at maturity of the project, and if the promoter decides to activate the 6 month extension it will be necessary to pay interest in the 18th month.<\/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 a luxury villa in the urbanization El Herrojo, plot 90, Benahav\u00eds (Marbella, M\u00e1laga).<\/li>\n\n\n\n
  • Guarantee:<\/strong>1st<\/sup> degree mortgage.<\/li>\n\n\n\n
  • Additional guarantee:<\/strong> irrevocable promise of power of sale.<\/li>\n\n\n\n
  • Term:<\/strong> 18 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> 18%.<\/li>\n\n\n\n
  • Interest payment:<\/strong> at maturity.<\/li>\n\n\n\n
  • LTV 1st drawdown: <\/strong>45.21% (1st drawdown:<\/strong> \u20ac1,574,270<\/strong>).<\/li>\n\n\n\n
  • Current ECO appraisal:<\/strong> \u20ac3,482,490 (LTV: 57.43%<\/strong>).<\/li>\n\n\n\n
  • ECO HET appraisal: <\/strong>\u20ac10,780,646 (LTV HET: 38.96%<\/strong>).<\/li>\n\n\n\n
  • Contributions:<\/strong>\n
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    • Developer’s own funds:<\/strong> \u20ac1,469,600<\/strong> (42%).<\/strong><\/li>\n\n\n\n
    • Investors wecity phase I:<\/strong> 2.000.000 \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 Valuation<\/h2>\n\n\n\n

      The current appraisal<\/strong> for mortgage guarantee purposes (ECO Order 805\/2003) amounts to \u20ac3,482,490.<\/strong> This represents a Loan to Value<\/strong> (LTV) over the current appraisal of 57.43%.<\/strong><\/p>\n\n\n\n

      The appraisal <\/strong>on the assumption <\/strong>of a completed building <\/strong>amounts to \u20ac10,780,646.<\/strong> This represents a Loan to Value<\/strong> (LTV) over HET appraisal of 38.96%.<\/strong><\/p>\n\n\n\n

      The Loan to Value<\/strong> (LTV) on first disposal <\/strong>is 45.21%<\/strong>.<\/p>\n\n\n\n

      The independent appraiser in charge of identifying the value is KRATA, whose corporate name is<\/strong> Krata SA, and is registered as an Approved Appraisal Company by the Bank of Spain under number 4323.<\/strong><\/p>\n\n\n\n

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

      The project consists of the construction of a luxury villa located in Benahav\u00eds, Marbella.<\/p>\n\n\n\n

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

      The project is located in the prestigious urbanization of El Herrojo<\/strong>, in the area of Marbella Benahav\u00eds, province of M\u00e1laga, one of the most exclusive areas of the Costa del Sol.<\/strong><\/p>\n\n\n\n

      Its privileged mountaintop location guarantees unparalleled panoramic views of the Mediterranean Sea <\/strong>and the surrounding landscape. This elevated location offers residents an oasis of serenity and privacy, while enjoying the natural beauty that surrounds the area.
      Just a few minutes’ drive from the main entrance is the vibrant center of Marbella<\/strong>, with its exclusive restaurants and luxury boutiques, as well as the iconic Golden Mile<\/strong> and the emblematic area of Puerto Banus.<\/strong> Residents of El Herrojo enjoy the convenience of having quick access to all the amenities and attractions that make Marbella Benahav\u00eds one of the most desirable destinations on the Costa del Sol.<\/p>\n\n\n\n