{"id":17753,"date":"2025-01-14T09:21:18","date_gmt":"2025-01-14T08:21:18","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/ibiza-port-de-san-miguel\/"},"modified":"2025-03-13T16:17:33","modified_gmt":"2025-03-13T15:17:33","slug":"ibiza-port-de-san-miguel","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/ibiza-port-de-san-miguel\/","title":{"rendered":"Ibiza-Port de San Miguel"},"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 and technical expenses of a development of 16 townhouses located at Avenida Balanzat, 12, Puerto de San Miguel, Ibiza.<\/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> 9 months (+3 months possible extension).<\/li>\n\n\n\n<li><strong>Required compliance: <\/strong>4 months.<\/li>\n\n\n\n<li><strong>Interest rate:<\/strong> 11.5% 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> 6,105,254 \u20ac.<\/li>\n\n\n\n<li><strong>Current LTV: <\/strong>44.63%.<\/li>\n\n\n\n<li><strong>Rating: <\/strong> <a href=\"https:\/\/www.wecity.com\/en\/risk-assessment-model\/\">AA<\/a><\/li>\n\n\n\n<li><strong>Contributions:<\/strong><ul><li><strong>Promoter:<\/strong> \u20ac1,320,000 (32.63%)<\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li><strong>Wecity loan<\/strong>: 2.725.000 \u20ac.<\/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>: 1.000 \u20ac.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p>The developer <strong>Bizkaiurban Gesti\u00f3n Integral<\/strong>, through the company <strong>Bizkaibiza Urban SL<\/strong>, is requesting financing from wecity for the acquisition of a plot of land located at Avenida Balanzat, 12, <strong>Puerto de San Miguel, Ibiza,<\/strong> on which a development of 16 semi-detached single-family homes with swimming pool and private garden will be built.<\/p>\n\n\n\n<p>The site has an area of 8,115<sup>m2 distributed <\/sup>in 4,478<sup>m2<\/sup> of rustic land and 3,637<sup>m2<\/sup> of urban land on which the project will be developed with <strong>3,069 m2<\/strong> of land.<strong><sup>2<\/sup><\/strong><strong> constructed<\/strong>. In addition to the houses, each owner will be entitled to an area of rustic land of approximately 250<sup>m2.<\/sup>  <\/p>\n\n\n\n<p>The project has a <strong>building permit granted <\/strong>for the development of 16 single-family townhouses of 235<sup>m2.<\/sup> <strong>25%<\/strong> of the development has already been <strong>marketed<\/strong> <strong>(4 of 16 homes)<\/strong> with down payments of \u20ac20,000 per home. Prices range from \u20ac1,000,000 to \u20ac1,500,000.  <\/p>\n\n\n\n<p>The project will be financed through a <strong>fixed-rate mortgage loan in the amount of \u20ac2,725,000, will be secured by a mortgage guarantee of 1<\/strong><strong><sup>er<\/sup><\/strong><strong> grade<\/strong><strong><sup>1<\/sup><\/strong><strong>. <\/strong> <\/p>\n\n\n\n<p><strong>1,320,000 (32.63%), <\/strong>which has been used to partially pay for the acquisition, architectural project, licenses, legal and technical expenses.<\/p>\n\n\n\n<p>The <strong>repayment of the loan <\/strong>to wecity&#8217;s investors will occur with the entry of bank financing, once the pre-sales required by the bank are obtained.<\/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 11.5% for an estimated term of 9 months<\/strong> (4 months mandatory) with the possibility of extending for an additional 3 months<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\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_00-1024x606.jpg\" alt=\"\" class=\"wp-image-17721\" style=\"width:861px;height:undefinedpx\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_00-1024x606.jpg 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_00-300x178.jpg 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_00-768x455.jpg 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_00.jpg 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\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_01-1024x606.jpg\" alt=\"\" class=\"wp-image-17726\" style=\"width:861px;height:undefinedpx\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_01-1024x606.jpg 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_01-300x178.jpg 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_01-768x455.jpg 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_01.jpg 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\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_02-1024x606.jpg\" alt=\"\" class=\"wp-image-17730\" style=\"width:861px;height:undefinedpx\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_02-1024x606.jpg 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_02-300x178.jpg 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_02-768x455.jpg 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_02.jpg 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\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_03-1024x606.jpg\" alt=\"\" class=\"wp-image-17734\" style=\"width:861px;height:undefinedpx\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_03-1024x606.jpg 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_03-300x178.jpg 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_03-768x455.jpg 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/01\/wecity_imag_inversion_Ibiza-Port-San-Miguel_03.jpg 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=!1m18!1m12!1m3!1d551.6251477588164!2d1.4395269207742907!3d39.07742797507948!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x12993bf698394a31%3A0xf70e5928e512d654!2sAv.%20Balanzat%2C%2012%2C%2007815%20Sant%20Joan%20de%20Labritja%2C%20Illes%20Balears!5e1!3m2!1ses!2ses!4v1736844589934!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>Port of San Miguel <\/strong>in <strong>Ibiza<\/strong>. Its proximity to the port, a tourist hub with restaurants, nautical activities and exclusive services, brings high value to the area. In addition, the sea views and access to crystal clear coves reinforce its attractiveness for those seeking luxury vacation properties or high-end developments.  <\/p>\n\n\n\n<p>The setting combines the serenity of nature with excellent connectivity to the rest of the island, making it an ideal option for both investment and boutique projects. The growing demand for property in Ibiza underlines the potential of this location as a unique and profitable opportunity. <\/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 located at Avenida Balanzat, 12, Puerto de San Miguel, Ibiza.<\/p>\n\n\n\n<p>According to the appraisal report prepared by <strong>GESVALT<\/strong>, the current appraisal amounts to \u20ac6,105,254.99. The loan to be made to the developer is \u20ac2,725,000, which means a Loan to Value (LTV) over the current appraisal of 44.63%. <\/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":17718,"template":"","class_list":["post-17753","oportunidades","type-oportunidades","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/oportunidades\/17753","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\/17718"}],"wp:attachment":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/media?parent=17753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}