{"id":16131,"date":"2024-09-30T13:58:54","date_gmt":"2024-09-30T11:58:54","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/barcelona-teia\/"},"modified":"2025-03-13T18:08:58","modified_gmt":"2025-03-13T17:08:58","slug":"barcelona-teia","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/barcelona-teia\/","title":{"rendered":"Barcelona-Tei\u00e0"},"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

PROSPERITY GROUNDS 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 part of the construction costs of a luxury villa in Tei\u00e0, Barcelona. The works have already started and are currently 32.56% complete.<\/p>\n\n\n\n

The property has a plot area of 800 m2 on which a 610 m2 house will be built. The villa will have 5 bedrooms, garden and private swimming pool, in addition to spectacular sea views, and a construction with top quality materials. The property is currently being marketed and its selling price is 4,900,000 \u20ac.<\/p>\n\n\n\n

The project will be financed through a mortgage loan in the amount of 800,000 \u20ac at a fixed rate, which will be secured by a 1st degree mortgage guarantee1 , corresponding to the first phase and the first phase of a total loan, which may amount to a maximum of 1,600,000 \u20ac in two phases.<\/p>\n\n\n\n

1,354,468.74 (62.87%), of which \u20ac824,825.00 has been earmarked for land acquisition and \u20ac529,643.74 for the construction work. The construction costs will be borne jointly by wecity and the developer.<\/p>\n\n\n\n

Through wecity you can participate in a fixed-rate loan operation with an annual interest rate of 11% for an estimated term of 12 months (6 months mandatory) with the possibility of an extension of 6 additional months.<\/p>\n\n\n\n

It is estimated that the repayment of the loan to wecity investors, and therefore, their exit, will occur with the sale of the property.<\/p>\n\n\n\n

With a minimum investment of 500 \u20ac, you can participate in this opportunity with an excellent profitability and with maximum guarantees. The estimated total return is 11% for 12 months or 16.5% if the final term is with the 6-month extension.<\/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: Completion of the work on a luxury villa located at Carrer Ram\u00f3n Llull 7, Tei\u00e0 (Barcelona).<\/li>\n\n\n\n
  • Collateral: 1st degree mortgage.<\/li>\n\n\n\n
  • Additional guarantee: irrevocable promise of power of sale.<\/li>\n\n\n\n
  • Term: 12 months (+6 months optional extension).<\/li>\n\n\n\n
  • Interest rate: 11% per annum.<\/li>\n\n\n\n
  • Estimated total return: 11%.<\/li>\n\n\n\n
  • Interest payment: at maturity<\/li>\n\n\n\n
  • LTV 1st drawdown: 18.32% (1st drawdown: 286,012.20 \u20ac)<\/li>\n\n\n\n
  • Current ECO appraisal: \u20ac1,560,864.05 (current LTV: 51.25%)<\/li>\n\n\n\n
  • ECO HET appraisal: 4,203,896.94 (LTV HET: 38.06%)<\/li>\n\n\n\n
  • Contributions:<\/li>\n\n\n\n
  • Developer’s own funds: 1,354,468.74 \u20ac (62.87%)<\/li>\n\n\n\n
  • Wecity loan (PHASE I): 800,000 \u20ac.<\/li>\n\n\n\n
  • Minimum investment: 500 \u20ac.<\/li>\n\n\n\n
  • Maximum investment: 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 for mortgage guarantee purposes (Order ECO 805\/2003) amounts to 1,560,864.05 \u20ac. This means a Loan to Value (LTV) over the current appraisal of 51.25%.<\/p>\n\n\n\n

    The appraisal on the assumption of a finished building amounts to \u20ac 4,203,896.94. This represents a Loan to Value (LTV) on HET appraisal of 38.06%.<\/p>\n\n\n\n

    The Loan to Value (LTV) on first disposal is 18.32%.<\/p>\n\n\n\n

    The independent appraiser in charge of identifying the value is SOCIEDAD DE TASACI\u00d3N, whose corporate name is SOCIEDAD DE TASACI\u00d3N SA, and which is registered as an approved appraisal company by the Bank of Spain 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

    Tei\u00e0 is the most exclusive residential neighborhood on the coast of Barcelona, located in the Maresme region, Catalonia, along the coast of the Mediterranean Sea. This charming village is known for its peaceful atmosphere and rich history, although its modern development has been strongly linked to agricultural and wine-growing activity.<\/p>\n\n\n\n

    This municipality has an attractive historic center and a number of nature trails that are popular with residents and visitors alike. Today, it is a town that combines tradition and modernity, with an active cultural life and a growing offer of services and stores.<\/p>\n\n\n\n

    The property is located at the top of the village, known for its breathtaking views of the hillside and the sea. Tei\u00e0 is more than a place to live; it is a haven where nature and tranquility meet, offering a perfect setting for those seeking a balance between modern life and the serenity of the natural environment.<\/p>\n\n\n\n