{"id":17112,"date":"2024-10-31T17:51:25","date_gmt":"2024-10-31T16:51:25","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/madrid-nueva-numancia\/"},"modified":"2025-03-13T16:45:37","modified_gmt":"2025-03-13T15:45:37","slug":"madrid-nueva-numancia","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/madrid-nueva-numancia\/","title":{"rendered":"Madrid-Nueva Numancia"},"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> Payment of construction costs for a 4-home development located at Calle de la Fil\u00f3sofa Simone Weil, 10, Vallecas (Madrid).<\/li>\n\n\n\n
  • Type of loan: <\/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> 311,017 : current LTV: <\/strong>257.22%.<\/li>\n\n\n\n
  • ECO valuation <\/strong>(HET):<\/strong> \u20ac1,387,536 LTV HET: <\/strong>57.66% <\/li>\n\n\n\n
  • First drawdown: <\/strong>123,377,377 \u20ac | LTV 1st drawdown: <\/strong>39.34%.<\/li>\n\n\n\n
  • Contributions:<\/strong>\n
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    • Wecity loan:<\/strong> 800,000 \u20ac.<\/li>\n\n\n\n
    • Promoter:<\/strong> 321,822 \u20ac (28.69%)<\/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 Nuevo Milenio de Operaciones Inmobiliarias, S.L<\/strong>, is requesting financing through wecity to cover the construction costs of a 4-housing development at 10, Fil\u00f3sofa Simone Weil Street, Vallecas (Madrid).<\/p>\n\n\n\n

      The site has a surface area of 170<\/strong>sq.<\/strong><\/sup> m<\/strong>.<\/strong><\/sup>on which a building with a constructed area of 519<\/strong>sq.<\/strong><\/sup> m<\/strong>.<\/strong> distributed <\/sup>in four floors above ground level will be erected. The project has a building permit for the development of 4 dwellings of 110m2 with <\/sup>garage and storage room. The works began in September and the current progress of the work is approximately 3% <\/strong>and the land is in the phase of adaptation of the land. Currently, 1 of 4 homes has been marketed (25%) with a down payment of 51,000 \u20ac.<\/p>\n\n\n\n

      The project will be financed through a mortgage loan in the amount of \u20ac800,000 at a fixed rate, which will have a 1st degree mortgage guarantee<\/strong>.<\/p>\n\n\n\n

      To date, the developer has contributed its own funds in the amount of \u20ac321,822<\/strong> (28.96%), which have been used for the acquisition of the land, construction, technical, legal and tax expenses, and it is estimated that the loan will be repaid<\/strong> to wecity’s investors with the sale and delivery of the property to the end buyers.<\/p>\n\n\n\n

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