{"id":16755,"date":"2024-10-15T11:03:22","date_gmt":"2024-10-15T09:03:22","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/marbella-los-naranjos\/"},"modified":"2025-03-13T17:38:47","modified_gmt":"2025-03-13T16:38:47","slug":"marbella-los-naranjos","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/marbella-los-naranjos\/","title":{"rendered":"Marbella- Los Naranjos"},"content":{"rendered":"\n

WECITY complies with the provisions of Regulation (EU) 2020\/1503 of the European Parliament and of the Council of 7 October 2020 on European providers of participative financing services for companies and Title V of Law 5\/2015 on the promotion of business financing as amended by Law 18\/2022 of 28 September on the creation and growth of companies. It is authorized by the CNMV<\/strong> as a Participatory Financing Service Provider, registered in the registry under number 9, with a favorable proposal from the Bank of Spain<\/strong>.<\/p>\n\n\n\n

Investor, before making your investment, please read the basic information for the investor client<\/a>, as well as the pre-contractual reflection period for inexperienced investors.<\/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 finance, it is hereby informed that <\/em>partners, managers and employees of wecity<\/em><\/a> may invest in this opportunity .<\/em> 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

The investment<\/h2>\n\n\n\n
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  • Purpose of the loan:<\/strong> Cancellation of mortgage debt and payment of construction costs for the development of a luxury villa located at Calle Cefeo, 4, Los Naranjos (Marbella).<\/li>\n\n\n\n
  • Type: <\/strong>Fixed rate loan<\/li>\n\n\n\n
  • Guarantee:<\/strong> 1st degree mortgage<\/li>\n\n\n\n
  • Term:<\/strong> 15 months (+ 6 months possible extension)<\/li>\n\n\n\n
  • Interest rate:<\/strong> 11% per annum<\/li>\n\n\n\n
  • Interest payment:<\/strong> at maturity<\/li>\n\n\n\n
  • ECO valuation <\/strong>(current):<\/strong> 1,252,512.12 : Current LTV: <\/strong>55.88%.<\/li>\n\n\n\n
  • ECO valuation <\/strong>(HET):<\/strong> 3,207,894.86 \u20ac : LTV HET:<\/strong> 52.99% First drawdown:<\/strong> 384,598,598.00 \u20ac (current LTV :<\/strong> 55.88%)<\/li>\n\n\n\n
  • First drawdown: <\/strong>384,598.87 \u20ac | LTV 1st drawdown: 30.71%.<\/li>\n\n\n\n
  • Contributions:<\/strong>\n
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    • Wecity loan phase I:<\/strong> 700,000 \u20ac.<\/li>\n\n\n\n
    • Promoter: <\/strong>647.538 \u20ac.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Minimum investment:<\/strong> 500 \u20ac.<\/li>\n\n\n\n
    • Maximum investment<\/strong>: No investment limits<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n

      The developer Grupo Marein 73, S.L<\/strong>, requests financing through WECITY for the cancellation of a mortgage loan in the amount of 211,146 \u20ac and to defray the costs of execution of work for the development of a luxury villa located at Calle de Cefeo, 4, in the urbanization Los Naranjos, Marbella.<\/p>\n\n\n\n

      The plot has an area of 1.149 m<\/strong>2<\/strong><\/sup>on which will be built a single-family house with a built area of 454,70m2 .<\/sup> The project has a building license for the development of a 4-bedroom house with garage, swimming pool and large garden and leisure areas. Currently, the property has not been marketed.<\/p>\n\n\n\n

      The project will be financed through a mortgage loan in the amount of 700,000 \u20ac at a fixed rate, which will have a 1st degree mortgage guarantee<\/strong>. This loan will be for Phase I of a total loan, which may amount to a maximum of \u20ac1,700,000 in three phases.<\/p>\n\n\n\n

      647,538<\/strong> (48.05%), which has been used for the acquisition of the land, technical and legal expenses and fees.<\/p>\n\n\n\n

      It is estimated that the repayment of the loan<\/strong> to the wecity investors will take place with the sale and delivery of the property to the end buyer.<\/p>\n\n\n\n

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