{"id":17559,"date":"2024-12-30T16:16:51","date_gmt":"2024-12-30T15:16:51","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/mallorca-terra-calma\/"},"modified":"2025-03-13T16:22:40","modified_gmt":"2025-03-13T15:22:40","slug":"mallorca-terra-calma","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/mallorca-terra-calma\/","title":{"rendered":"Mallorca-Terra Calma"},"content":{"rendered":"\n<p>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 equity finance 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 <strong>CNMV<\/strong> as a Participatory Financing Service Provider, registered under number 9, with a favorable proposal from the <strong>Bank of Spain<\/strong>.<\/p>\n\n\n\n<p>Investor, before making your investment, please read the <a href=\"https:\/\/www.wecity.com\/en\/basic-information-for-the-investing-client\/\" target=\"_blank\" rel=\"noreferrer noopener\">basic information for the investor client<\/a>, as well as the <a href=\"https:\/\/www.wecity.com\/en\/basic-information-for-the-investing-client\/#periodo_reflexi%C3%B3n\">pre-contractual cooling-off period for inexperienced investors<\/a>.<\/p>\n\n\n\n<p><strong>Skin in the game<\/strong>:  <em>&#8220;In compliance with Article 8.2 of Regulation (EU) 2020\/1503 of the European Parliament and of the Council of October 7, 2020 on European providers of equity financing, we hereby inform you that <a href=\"https:\/\/www.wecity.com\/en\/team\/\" target=\"_blank\" rel=\"noreferrer noopener\">partners, managers and employees of wecity<\/a> may invest in this opportunity. These investments will be made on the same terms as those of other investors without receiving preferential treatment or privileged access to information.&#8221;<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The investment<\/h2>\n\n\n\n<div class=\"wp-block-group is-style-border-radius has-background\" style=\"background-color:#f5f7f6\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<ul class=\"wp-block-list\">\n<li><strong>Purpose of the loan:<\/strong> To finance the acquisition costs, urbanization costs and construction costs (of only 1 of the 4 villas) of a development of 4 dwellings located in Establiments, Palma de Mallorca.<\/li>\n\n\n\n<li><strong>Type: <\/strong>Fixed-rate loan.<\/li>\n\n\n\n<li><strong>Collateral:<\/strong> 1st degree mortgage collateral.<\/li>\n\n\n\n<li><strong>Term:<\/strong> 12 months (+6 months possible extension).<\/li>\n\n\n\n<li><strong>Interest rate:<\/strong> 12% per annum.<\/li>\n\n\n\n<li><strong>Interest payment:<\/strong> at maturity.<\/li>\n\n\n\n<li><strong>Current appraisal <strong>(ECO)<\/strong>:<\/strong> 2,309,892 \u20ac.<\/li>\n\n\n\n<li><strong>Current LTV phase I: <\/strong>32.46%.<\/li>\n\n\n\n<li><strong>Current LTV total financing: <\/strong>64.93%.<\/li>\n\n\n\n<li><strong>LTV 1st disposition:<\/strong> 29.35%.<\/li>\n\n\n\n<li><strong>Rating:<\/strong> <a href=\"https:\/\/www.wecity.com\/en\/risk-assessment-model\/\">A<\/a><\/li>\n\n\n\n<li><strong>Contributions:<\/strong><ul><li><strong>Promoter:<\/strong> \u20ac620,000 (45.25%)<\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li><strong>Wecity loan phase I:<\/strong> 750,000 \u20ac 750,000<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Minimum investment:<\/strong> 500 \u20ac.<\/li>\n\n\n\n<li><strong>Maximum investment<\/strong>: No investment limits.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p>The developer <strong>Kamara Real Estate SL <\/strong>is requesting financing through <strong>wecity<\/strong> for the development of a development of 4 luxury villas in<strong> Establiments, Palma de Mallorca<\/strong>. The funds will be used for the acquisition of the asset, the payment of the urbanization costs and the building costs of 1 of the 4 houses (villa 4). <\/p>\n\n\n\n<p>The site has an area of 3,911<sup>m2<\/sup> with a total built area of 2,166<sup>m2 depending on the <\/sup>project (from 414 to 677<sup>m2<\/sup> built per unit). These are homes with all kinds of details and a high degree of energy efficiency. They also include an elevator, subway parking and large outdoor areas with a swimming pool. The building permit has already been requested and is expected to be obtained in the first quarter of 2025, at which time marketing will begin. The sale prices of each unit range from \u20ac2,700,000 to \u20ac4,000,000, with an approximate impact price of \u20ac6,<sup>500\/m2<\/sup>.    <\/p>\n\n\n\n<p>The project will be financed through a<strong> mortgage loan in the amount of \u20ac750,000 at a fixed rate, which will be secured by a first mortgage guarantee.<\/strong> This loan will be the first phase of a total loan, which may amount to a maximum of \u20ac1,500,000 in two phases. <\/p>\n\n\n\n<p>To date, the developer has contributed its own funds in the amount of <strong>\u20ac620,000<\/strong> (45.25%), which have been used for the acquisition of the land, urbanization and demolition costs of the plot, technical costs, urban planning fees, etc. It is estimated that the <strong>repayment of the loan<\/strong> to the wecity investors will take place with the sale of Villa 4.<\/p>\n\n\n\n<p>Through wecity you can participate in a <strong>fixed-rate loan<\/strong> operation with <strong>an annual interest rate of 12% for an estimated term of 12 months<\/strong> (6 months mandatory) with the possibility of extending for an additional 6 months at<strong> <\/strong>.<\/p>\n\n\n\n<p>The payment of interest + the return of the invested capital will be made<strong> at maturity<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The project<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"606\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_01-1024x606.png\" alt=\"\" class=\"wp-image-17534\" style=\"width:861px;height:undefinedpx\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_01-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_01-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_01-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_01.png 1287w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"606\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_02-1024x606.png\" alt=\"\" class=\"wp-image-17538\" style=\"width:861px;height:undefinedpx\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_02-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_02-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_02-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_02.png 1287w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"606\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_03-1024x606.png\" alt=\"\" class=\"wp-image-17542\" style=\"width:861px;height:undefinedpx\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_03-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_03-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_03-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_03.png 1287w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"606\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_04-1024x606.png\" alt=\"\" class=\"wp-image-17530\" style=\"width:861px;height:undefinedpx\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_04-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_04-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_04-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2024\/12\/wecity_imag_inversion_Mallorca-Terra-Calma_04.png 1287w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Location and surroundings<\/h2>\n\n\n\n<iframe src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m17!1m12!1m3!1d1996.3801288151762!2d2.6153550000000005!3d39.636545999999996!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m2!1m1!2zMznCsDM4JzExLjYiTiAywrAzNic1NS4zIkU!5e1!3m2!1ses!2ses!4v1735571836506!5m2!1ses!2ses\" width=\"800\" height=\"600\" style=\"border:0;\" allowfullscreen=\"\" loading=\"lazy\" referrerpolicy=\"no-referrer-when-downgrade\"><\/iframe>\n\n\n\n<p><strong>Terra Calma<\/strong>, located between the Tramuntana mountains and the Mediterranean, offers a unique combination of rural Mallorcan life and proximity to the city of Palma. Surrounded by olive and almond trees and mountain scenery, this location combines natural charm with excellent connections to the city, the airport and various services. With accessible hiking trails, panoramic views and a tranquil setting, it is an ideal retreat for those seeking a balance between the urban and the rural. Its strategic location also guarantees a high potential for real estate appreciation due to growing demand and limited supply.   <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Collateral and appraisal<\/h2>\n\n\n\n<p>The loan will be secured by a<sup>1st<\/sup> degree mortgage on the asset called &#8220;Can Marido&#8221; in Establisments, Palma de Mallorca.<\/p>\n\n\n\n<p>According to the appraisal report prepared by <strong>GESVALT<\/strong>, the current appraisal amounts to \u20ac2,309,892. The loan to be made to the developer in phase I is \u20ac750,000, which means a Loan to Value (LTV) over the current appraisal of 32.46%. In the event of activating the second phase of the loan, the loan would amount to \u20ac1,500,000, which represents a Loan to Value (LTV) over current appraisal of 64.93%.    <\/p>\n\n\n\n<p>The 1st disposition LTV is 29.35%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Collateral agent<\/h2>\n\n\n\n<p>The constitution, conservation, management, administration and, if applicable, enforcement of the pledge on behalf of wecity&#8217;s investors shall be carried out by an entity external to wecity.<\/p>\n\n\n\n<p>In this case, the designated Collateral Agent will be the one indicated in the Fundamental Data Sheet of the investment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">Rating<\/h2>\n\n\n\n<p>wecity, as a provider of equity financing services and in compliance with Delegated Regulation (EU) 2024\/358 supplementing Regulation (EU) 2020\/1503 of the European Parliament and of the Council, provides a <a href=\"https:\/\/www.wecity.com\/en\/risk-assessment-model\/\" target=\"_blank\" rel=\"noreferrer noopener\">description of the credit rating method<\/a><br> of the projects used to calculate the ratings. If the calculation is based on accounts that have not been audited, this shall be clearly stated in the description of the method. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Monitoring<\/h2>\n\n\n\n<p>The promoter must justify the use of the funds in each of the applications.\nThe use of the funds by the promoter will be monitored by a company external to wecity.   <\/p>\n\n\n\n<p style=\"font-size:24px\"><\/p>\n","protected":false},"featured_media":17527,"template":"","class_list":["post-17559","oportunidades","type-oportunidades","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/oportunidades\/17559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/oportunidades"}],"about":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/types\/oportunidades"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/media\/17527"}],"wp:attachment":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/media?parent=17559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}