{"id":16867,"date":"2024-10-24T11:52:44","date_gmt":"2024-10-24T09:52:44","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/madrid-huerta-del-obispo\/"},"modified":"2025-03-13T17:07:27","modified_gmt":"2025-03-13T16:07:27","slug":"madrid-huerta-del-obispo","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/madrid-huerta-del-obispo\/","title":{"rendered":"Madrid-Huerta del Obispo"},"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> To complete payments for the full acquisition of the plot and payment of the technical expenses for obtaining the building permit.<\/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> 12 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> 1,640,003.75 \u20ac | LTV:<\/strong> 30.49 %<\/li>\n\n\n\n
  • Contributions:<\/strong>\n
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    • Promoter:<\/strong> 301,000 \u20ac<\/li>\n\n\n\n
    • WECITY Loan:<\/strong> 500.000 \u20ac<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Minimum investment:<\/strong> 500 \u20ac<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n

      The developer RODS Original Developments<\/strong>, is requesting financing through wecity to complete the deferred payments and acquire the plots located at 7 and 9 Huerta del Obispo Street, Tetu\u00e1n, Madrid. In addition, the funds will be used to pay the technical expenses associated with the project to obtain the architectural projects, the grouping license (already granted) and the construction license for the development of a 10-home development.<\/p>\n\n\n\n

      The site has an area of 253.69<\/strong>sqm<\/strong><\/sup>on which a building permit has been requested for the development of 10 dwellings with a buildable area above ground of 543<\/strong>sqm<\/strong> <\/sup>distributed in 7 one-bedroom units and 3 studios.<\/strong><\/sup> The asset will be marketed as a single unit once the building permit is obtained.<\/p>\n\n\n\n

      The project will be financed through a \u20ac500,000 fixed-rate mortgage loan, which will be secured by a Grade<\/strong>1<\/strong><\/sup> mortgage guarantee<\/strong>.<\/p>\n\n\n\n

      301,000<\/strong> (37.57%), which has been used to acquire the land.<\/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 of the asset once the building permit is obtained.<\/p>\n\n\n\n

      The payment of interest + the return of the invested capital will be made at maturity<\/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 11% for 12 months or 16.5% if the final term is 6 months including extension.<\/p>\n\n\n\n

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