{"id":23287,"date":"2025-12-29T12:37:22","date_gmt":"2025-12-29T11:37:22","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/seville-rioja\/"},"modified":"2026-01-05T18:23:12","modified_gmt":"2026-01-05T17:23:12","slug":"seville-rioja","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/seville-rioja\/","title":{"rendered":"Seville Rioja"},"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> Acquisition.<\/li>\n\n\n\n<li><strong>Collateral:<\/strong><sup>1st <\/sup>degree mortgage.<\/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> 11.25% per annum.<\/li>\n\n\n\n<li><strong>Estimated total return:<\/strong> 11.25%<\/li>\n\n\n\n<li><strong>Interest payment:<\/strong> at maturity.<\/li>\n\n\n\n<li><strong>Current ECO appraisal: <\/strong>2,314,965.41 \u20ac <strong>| LTV: <\/strong>73.44%<\/li>\n\n\n\n<li><strong>ECO HET appraisal: <\/strong>2.982.468,29 \u20ac <strong>| LTV HET: <\/strong>75,44%<\/li>\n\n\n\n<li><strong>Rating<\/strong>: <a href=\"https:\/\/www.wecity.com\/en\/risk-assessment-model\/\">AAA<\/a><\/li>\n\n\n\n<li><strong>Contributions:<\/strong><ul><li><strong>Developer&#8217;s contribution:<\/strong> 1,102,500.00 \u20ac<\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li><strong>wecity Loan<\/strong> (Phase I): 1,700,000.00 \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> 500 \u20ac during the first half hour.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p>The developer <strong>VALELA ASSET MANAGEMENT SL, a <\/strong>company managed by Roalgest,<strong> <\/strong>is requesting financing through <strong>wecity<\/strong> for the acquisition and rehabilitation of a building with 10 apartments and a commercial space located at Calle Rioja 22, in Seville.<\/p>\n\n\n\n<p>The building has a total area of 962 m<sup>2<\/sup>, where the developer will develop 10 tourist apartments and a commercial space through a complete rehabilitation of the building. At the urban planning level, the developer has a Building Permit and a Change of Use Permit.<\/p>\n\n\n\n<p>On a commercial level, the developer has no sales, since the building will be owned and operated.<\/p>\n\n\n\n<p>The total amount of the loan is 2,250,000 euros in two phases, which will be <strong>secured by a 1st degree mortgage guarantee<\/strong>.<strong><sup>1 <\/sup><\/strong>and will have a duration of 12 months (+6 months of possible extension). In this opportunity we are going to finance <strong>Phase I of the loan in the amount of \u20ac1,700,000<\/strong>, which will be used for the acquisition of the building. <\/p>\n\n\n\n<p>The developer will contribute <strong>its own funds<\/strong> at the time of signing in the amount of <strong>\u20ac1,102,500,<\/strong><strong> <\/strong><strong>,<\/strong> which will be used for the acquisition.<\/p>\n\n\n\n<p>The exit of <strong>wecity<\/strong> &#8216;s investors is planned through the developer&#8217;s own funds.<\/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 11.25% for an estimated term of 12 months<\/strong> (6 months mandatory) with the possibility of extending for an additional 6 months<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\">Location and surroundings<\/h2>\n\n\n\n<iframe src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m18!1m12!1m3!1d3169.9484512253157!2d-5.9988259247655185!3d37.391051334172396!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0xd126c0fd58c0001%3A0xdc86cee64cdd9c1!2sC.%20Rioja%2C%2022%2C%20Casco%20Antiguo%2C%2041001%20Sevilla!5e0!3m2!1ses!2ses!4v1767608792341!5m2!1ses!2ses\" width=\"800\" height=\"600\" style=\"border:0;\" allowfullscreen=\"\" loading=\"lazy\" referrerpolicy=\"no-referrer-when-downgrade\"><\/iframe>\n\n\n\n<p>Calle Rioja 22 is located in a central and very consolidated area of <strong>Seville<\/strong>, with high residential and commercial demand. Its location, close to the Museum of Fine Arts, Plaza del Museo, La Campana and Plaza de la Magdalena, offers an attractive urban environment and well valued within the real estate market. <\/p>\n\n\n\n<p>The area has all the essential services &#8211; stores, restaurants, public transport and facilities &#8211; and an excellent connection with the rest of the city, including the Guadalquivir River and the Plaza de Armas station. A strategic location for both permanent residence and real estate investment. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Mortgage collateral<\/h2>\n\n\n\n<p>The loan will be secured by a<sup>1st<\/sup> degree mortgage on the asset, located at Calle Rioja 22, Seville.<\/p>\n\n\n\n<p>According to the valuation report carried out by <strong><strong>tinsa<\/strong><\/strong>the Current Appraisal amounts to <strong>2,314,965.41 \u20ac<\/strong> and the Appraisal in Hypothetical Completed Building (HET) to <strong>2,982,468.29 \u20ac<\/strong>. The loan to be made to the developer in this first phase is 1,700,000.00 \u20ac, this means a Loan to Value (LTV) on the current appraisal of <strong>73.44%,<\/strong> a Loan to Value (LTV) HET of <strong>75.44%<\/strong> <strong>.<\/strong>  <\/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 loan agreement.  <\/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\" style=\"font-size:24px\">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","protected":false},"featured_media":23279,"template":"","class_list":["post-23287","oportunidades","type-oportunidades","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/oportunidades\/23287","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\/23279"}],"wp:attachment":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/media?parent=23287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}