{"id":18843,"date":"2025-04-10T11:06:44","date_gmt":"2025-04-10T09:06:44","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/tenerife-la-orotava\/"},"modified":"2025-04-29T17:47:26","modified_gmt":"2025-04-29T15:47:26","slug":"tenerife-la-orotava","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/tenerife-la-orotava\/","title":{"rendered":"Tenerife-La Orotava"},"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 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 <strong>CNMV<\/strong> as a Participatory Financing Service Provider, registered in the registry 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 acquisition and construction costs.<\/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>Required compliance: <\/strong>6 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>Tasaci\u00f3n actual <strong>(ECO)<\/strong>:<\/strong> 2.930.707,06 \u20ac <strong>| LTV actual pr\u00e9stamo: <\/strong>45,04%<\/li>\n\n\n\n<li><strong>ECO valuation (HET):<\/strong> 4.193.114,21 \u20ac<strong>: LTV HET: <\/strong>31,48%<\/li>\n\n\n\n<li><strong>First drawdown: <\/strong>1,184,428.04 \u20ac<strong> | LTV 1st drawdown: <\/strong>40.41%<\/li>\n\n\n\n<li><strong>Rating<\/strong>: <a href=\"https:\/\/www.wecity.com\/en\/risk-assessment-model\/\" target=\"_blank\" rel=\"noreferrer noopener\">A<\/a><\/li>\n\n\n\n<li><strong>Contributions:<\/strong><ul><li><strong>Promoter:<\/strong> <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;\">1.532.390,49 \u20ac<\/span><\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li><strong>Wecity loan<\/strong>: 1,320,000 \u20ac<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Minimum investment:<\/strong> 500 \u20ac<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p>The developer <strong>MONTEPERDIDO CAPITAL SL<\/strong> is requesting financing from wecity to finance the costs of the acquisition of 14 semi-detached houses in Urbanizaci\u00f3n Dehesa Alta, at Mariano Stanga and Albahaca streets, in La Orotava, Tenerife; for their refurbishment and adaptation. The work has been stopped for several years due to the fact that two of the semi-detached houses partially occupy public land and must be partially demolished. <\/p>\n\n\n\n<p>The project consists of partially demolishing two dwellings and annexing them to the other two adjoining dwellings, creating two new larger dwellings, for a total of 12 dwellings. The remaining 10 are legalized (awaiting the LPO) and pending a small adaptation. <\/p>\n\n\n\n<p>The asset has 3,075 m2 of adopted area, and the developer has a <strong>building permit <\/strong>granted on August 7, 2024.<\/p>\n\n\n\n<p>The project will be financed through a <strong>mortgage loan in the amount of \u20ac1,320,000 at a fixed rate, which will be secured by a first mortgage guarantee,<\/strong> for the acquisition of the land and the completion of the work within 12 months (+6 months of possible optional extension).<\/p>\n\n\n\n<p>The developer will contribute \u20ac1,532,390.49 of its own funds, of which \u20ac789,000 will be used to purchase the asset and \u20ac743,390.49 will be used to carry out the work.<\/p>\n\n\n\n<p>The <strong>exit of<\/strong> wecity&#8217;s <strong>investors<\/strong> is foreseen with the sale of the homes.<\/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% 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 plus 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-full is-resized\"><img decoding=\"async\" width=\"2560\" height=\"1516\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-scaled.jpg\" alt=\"\" class=\"wp-image-18825\" style=\"width:809px;height:auto\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-scaled.jpg 2560w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-300x178.jpg 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-1024x606.jpg 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-768x455.jpg 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-1536x909.jpg 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-2048x1213.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"2560\" height=\"1516\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-2-scaled.jpg\" alt=\"\" class=\"wp-image-18829\" style=\"width:809px;height:auto\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-2-scaled.jpg 2560w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-2-300x178.jpg 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-2-1024x606.jpg 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-2-768x455.jpg 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-2-1536x909.jpg 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-2-2048x1213.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"2560\" height=\"1516\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-3-scaled.jpg\" alt=\"\" class=\"wp-image-18833\" style=\"width:809px;height:auto\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-3-scaled.jpg 2560w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-3-300x178.jpg 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-3-1024x606.jpg 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-3-768x455.jpg 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-3-1536x909.jpg 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/04\/wecity_imag_inversion_Tenerife-La-Orotava-3-2048x1213.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/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!1d7019.847706226477!2d-16.518038355834957!3d28.39136779128646!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0xc402ab5e28b7d85%3A0x67f44f39492c574c!2sC.%20Mariano%20Stanga%2C%2038300%20La%20Orotava%2C%20Santa%20Cruz%20de%20Tenerife!5e0!3m2!1ses!2ses!4v1744276361193!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>La Orotava<\/strong>, located in the north of Tenerife, is a town with a natural environment near the Teide. In real estate, it offers a mix of traditional and modern homes, with more affordable prices than in other tourist areas of the island. Its quiet atmosphere and its proximity to Puerto de la Cruz make it attractive both for those looking for quality of life and for vacation rental investors.  <\/p>\n\n\n\n<p>Among its main places of interest are the historic center with its Canarian architecture, the Victoria Gardens, the Casa de los Balcones and the Teide National Park. In addition, the Mirador de Humboldt offers spectacular views of the valley, making La Orotava a perfect place for those who enjoy nature and culture. <\/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 Mariano Stanga Street, La Orotava (Tenerife).<\/p>\n\n\n\n<p>According to the appraisal report prepared by <strong>VALUM<\/strong>, the current appraisal amounts to \u20ac2,930,707.06. The loan to be made to the developer is <span style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, \" segoe=\"\" ui=\"\" roboto=\"\" oxygen-sans=\"\" ubuntu=\"\" cantarell=\"\" neue=\"\" sans-serif=\"\">\u20ac1,320,000<\/span>, which means a Loan to Value (LTV) over the current appraisal of 45.04%. <\/p>\n\n\n\n<p>The HET value of the asset is \u20ac4,193,114.21, which represents a LTV HET of 31.48%.<\/p>\n\n\n\n<p>1,184,428.04, which represents a first drawdown LTV of 40.41%.<\/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 project credit rating method<\/a> 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. The use of the funds by the promoter will be monitored by a company external to wecity.   <\/p>\n\n\n\n<p><\/p>\n","protected":false},"featured_media":18817,"template":"","class_list":["post-18843","oportunidades","type-oportunidades","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/oportunidades\/18843","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\/18817"}],"wp:attachment":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/media?parent=18843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}