{"id":18147,"date":"2025-02-06T10:10:32","date_gmt":"2025-02-06T09:10:32","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/madrid-general-ricardos\/"},"modified":"2025-03-13T13:39:47","modified_gmt":"2025-03-13T12:39:47","slug":"madrid-general-ricardos","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/madrid-general-ricardos\/","title":{"rendered":"Madrid &#8211; General Ricardos"},"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 works and technical costs.<\/li>\n\n\n\n<li><strong>Type: <\/strong>Fixed rate loan.<\/li>\n\n\n\n<li><strong>Security:<\/strong> 1st degree mortgage guarantee.<\/li>\n\n\n\n<li><strong>Term:<\/strong> 6 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% per annum.<\/li>\n\n\n\n<li><strong>Interest payment:<\/strong> at maturity.<\/li>\n\n\n\n<li><strong>Current appraisal (ECO):<\/strong> \u20ac1,916,491.49 | <strong>Current LTV: <\/strong>52.18% <\/li>\n\n\n\n<li><strong>Valuation ECO <\/strong>(HET)<strong>:<\/strong> \u20ac2,287,561.17<strong> | LTV HET: <\/strong>43.71%<\/li>\n\n\n\n<li><strong>First drawdown: <\/strong>615.085,75 \u20ac<strong> | LTV 1st drawdown: <\/strong>32,09%<\/li>\n\n\n\n<li><strong>Rating:&nbsp;<\/strong><a href=\"https:\/\/www.wecity.com\/en\/risk-assessment-model\/\" target=\"_blank\" rel=\"noreferrer noopener\">AA<\/a><\/li>\n\n\n\n<li><strong>Contributions:<\/strong><ul><li><strong>Wecity loan<\/strong>: \u20ac1,000,000<\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li><strong>Developer:<\/strong> \u20ac1,636,673.95<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Minimum investment:<\/strong> \u20ac500<\/li>\n\n\n\n<li><strong>Maximum investment:<\/strong> 500 \u20ac during the first hour.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p>The developer <strong>DZERO PRIME SL<\/strong> is seeking financing through wecity to cover the costs of completing the renovation of two adjoining premises at 115-117 Calle General Ricardos, in <strong>Madrid<\/strong>.<\/p>\n\n\n\n<p>The asset has 925.43 m2 of adopted surface area and 837.46 m2 of useful surface area, in which 23 apartments will be developed through a project for the implementation of residential use as a community residence, of which 21 units are single rooms, 1 is a two-room apartment and 1 is an accessible room. The rest of the communal spaces will be used for rest, leisure and coworking areas.<\/p>\n\n\n\n<p>They have a <strong>building license<\/strong>, which has been processed through ECU by Affidavit.<\/p>\n\n\n\n<p>The project will be financed through a <strong>mortgage loan in the amount of \u20ac1,000,000 at a fixed rate<\/strong>, which will have <strong>a first-degree mortgage guarantee<\/strong> and a <strong>term of 6 months + 3 months of possible extension.<\/strong><\/p>\n\n\n\n<p><strong>The developer has contributed equity<\/strong> amounting to <strong>\u20ac1,636,673.95<\/strong>, which has been used to acquire the asset and to advance the work. The project is currently 71.38% complete, all using the developer&#8217;s own funds.<\/p>\n\n\n\n<p>The <strong>repayment of the loan to the investors <\/strong>in wecity can take place in three ways: with the sale of the asset at a profit, with the repayment of the loan with the investor&#8217;s own funds or with the entry of bank financing.<\/p>\n\n\n\n<p>Through wecity you can participate in a <strong>fixed-rate loan operation with an<\/strong> annual <strong>interest rate of 11% in an estimated term of 6 months<\/strong> (4 of which are mandatory) with the possibility<strong> of<\/strong> an extension of 3 additional months.<\/p>\n\n\n\n<p>Interest payments plus the return of the capital invested will be made<strong> on expiry<\/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\/02\/wecity_imag_inversion_Madrid-General-Ricardos-1-1024x606.png\" alt=\"\" class=\"wp-image-17966\" style=\"width:861px;height:undefinedpx\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-1-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-1-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-1-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-1-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-1-2048x1213.png 2048w\" 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\/02\/wecity_imag_inversion_Madrid-General-Ricardos-3-1024x606.png\" alt=\"\" class=\"wp-image-17970\" style=\"width:861px;height:undefinedpx\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-3-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-3-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-3-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-3-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-3-2048x1213.png 2048w\" 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\/02\/wecity_imag_inversion_Madrid-General-Ricardos-2-1024x606.png\" alt=\"\" class=\"wp-image-17974\" style=\"width:861px;height:undefinedpx\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-2-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-2-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-2-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-2-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-2-2048x1213.png 2048w\" 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\/02\/wecity_imag_inversion_Madrid-General-Ricardos-4-1-1024x606.png\" alt=\"\" class=\"wp-image-17986\" style=\"width:861px;height:undefinedpx\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-4-1-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-4-1-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-4-1-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-4-1-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/02\/wecity_imag_inversion_Madrid-General-Ricardos-4-1-2048x1213.png 2048w\" 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!1d2207.8580169263882!2d-3.728829125342706!3d40.39173837144353!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0xd422794d2e05b59%3A0x194696fcb8195918!2sCalle%20del%20Gral.%20Ricardos%2C%20115%2C%20Carabanchel%2C%2028019%20Madrid!5e1!3m2!1ses!2ses!4v1738833063593!5m2!1ses!2ses\" width=\"800\" height=\"600\" style=\"border:0;\" allowfullscreen=\"\" loading=\"lazy\" referrerpolicy=\"no-referrer-when-downgrade\"><\/iframe>\n\n\n\n<p>The street <strong>General Ricardos 115-117<\/strong>, in the district of Carabanchel, stands out for its connectivity and real estate offer. With direct access to Metro Line 5 (Urgel and Oporto) and several bus lines, it allows a quick connection to the center of Madrid. Its surroundings combine the tradition of a consolidated neighborhood with the convenience of having all essential services, such as schools, health centers and a wide range of shops. It is also close to hospitals such as G\u00f3mez Ulla Hospital and 12 de Octubre University Hospital.<\/p>\n\n\n\n<p>Its real estate offer is diverse, with flats in classic buildings and renovated options, which makes it an attractive alternative for both families and investors. It also stands out for its proximity to Madrid R\u00edo, one of the city&#8217;s main green and leisure areas, ideal for sports and recreation. Thanks to its location and dynamism, General Ricardos 115-117 represents an interesting option within the real estate market, with more affordable prices than in the center without sacrificing its advantages.<\/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 first<sup> degree mortgage<\/sup> on the asset located at 115-117 General Ricardos Street, Madrid.<\/p>\n\n\n\n<p>According to the appraisal report carried out by <strong>SOCIEDAD DE TASACI\u00d3N<\/strong>, the current appraisal amounts to \u20ac1,916,491.49. The loan to be made to the developer is <span style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">1.000.000 \u20ac<\/span> which represents a Loan to Value (LTV) on the current appraisal of 52.18%.<\/p>\n\n\n\n<p>The HET value of the asset is \u20ac2,287,561.17, which means an HET LTV of 43.71%.<\/p>\n\n\n\n<p>Finally, the first drawdown of the loan is \u20ac615,085.75, which means an LTV of 1st drawdown of 32,09%.<\/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\n\n\n<p><\/p>\n","protected":false},"featured_media":17983,"template":"","class_list":["post-18147","oportunidades","type-oportunidades","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/oportunidades\/18147","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\/17983"}],"wp:attachment":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/media?parent=18147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}