{"id":27789,"date":"2026-09-07T12:32:48","date_gmt":"2026-09-07T10:32:48","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/barcelona-palleja-ii\/"},"modified":"2026-09-08T16:56:20","modified_gmt":"2026-09-08T14:56:20","slug":"barcelona-palleja-ii","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/barcelona-palleja-ii\/","title":{"rendered":"Barcelona Pallej\u00e1 II"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>wecity<\/strong> 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 under number 9, with a favorable proposal from the <strong>Bank of Spain<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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 class=\"wp-block-paragraph\"><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 7 October 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 under the same conditions 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>Object of the loan:<\/strong> Work.<\/li>\n\n\n\n<li><strong>Collateral:<\/strong><sup>1st <\/sup>degree mortgage.<\/li>\n\n\n\n<li><strong>Deadline:<\/strong> 15 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 % p.a.<\/li>\n\n\n\n<li><strong>Estimated total return:<\/strong> 13.75%<\/li>\n\n\n\n<li><strong>Interest payment:<\/strong> at maturity.<\/li>\n\n\n\n<li><strong>Current Appraised Value (ECO):<\/strong> \u20ac2,091,808.94  <\/li>\n\n\n\n<li><strong>HET Appraisal Value:<\/strong> \u20ac3<strong> <\/strong>,589,254.11<strong> | HET LTV (Phases I and II): <\/strong>41.23%<\/li>\n\n\n\n<li><strong>1st Drawdown:<\/strong> \u20ac992,531.70 <strong>| LTV for 1st Drawdown (Phase II): <\/strong>47.45%<\/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>Developer:<\/strong> \u20ac1,231,920.00<\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li><strong>wecity loan:<\/strong> \u20ac740,000.00 <\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Minimum investment:<\/strong> \u20ac500 <\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The developer <strong>MAGAR HOME PROMOCIONES SL<\/strong> is seeking financing through <strong>wecity to <\/strong>cover the construction costs needed to complete a development consisting of 9 homes, 6 garages, and 9 storage units at Carrer Mare de D\u00e9u de Loreto, 47, Pallej\u00e1 <strong>(Barcelona).<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The lot has an area of 294<sup>m2<\/sup>, and the total floor area is 1,292<sup>m2<\/sup>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From a land-use planning perspective, the <strong>building permit<\/strong> (<strong> <\/strong>) was <strong>granted<\/strong> in October 2025 (<strong> <\/strong>), and construction is currently <strong>60.30%<\/strong> complete <strong>(according to the ECO appraisal dated September 2, 2026)<\/strong>. From <strong>a commercial standpoint, the <\/strong>developer has 3 reservations for 9 units <strong>(33%)<\/strong>;<strong> <\/strong>there have been 2 additional sales compared to the first phase.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The project is being financed through a <strong>mortgage loan in the amount of<\/strong> <strong>\u20ac1,480,000 in two phases<\/strong>, at<strong> a fixed rate of<\/strong> <strong>11%, secured <\/strong>by <strong>a<sup>first-lien<\/sup> mortgage on the property<\/strong>, <strong> <\/strong> , with a <strong>standard term of 18 months<\/strong> plus a possible 6-month extension. On this occasion, <strong>Phase II of the loan, in the amount of \u20ac740,000,<\/strong> will be financed to cover construction costs and will have a <strong>standard term of 15 months plus a possible 6-month extension<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>developer has contributed <\/strong><strong> \u20ac1,231,920 <\/strong> <strong>in equity <\/strong><strong> to <\/strong>date, which has been used to acquire the property, cover technical costs, and pay for all construction costs to date.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The repayment of the loan<\/strong> to<strong> wecity <\/strong>investors<strong> is <\/strong>scheduled to take place upon the execution of the purchase and sale agreements.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">AInvest<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">AInvest is not applicable at this time.  <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Project<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"606\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-2-1024x606.png\" alt=\"\" class=\"wp-image-26484\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-2-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-2-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-2-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-2-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-2.png 1716w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"606\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-1-1024x606.png\" alt=\"\" class=\"wp-image-26479\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-1-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-1-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-1-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-1-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-1.png 1716w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"606\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-1024x606.png\" alt=\"\" class=\"wp-image-26489\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/06\/wecity_imag_inversion_Barcelona-Palleja_00.png 1716w\" sizes=\"auto, (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!1d1495.894519516777!2d1.9975400536979817!3d41.42209792636157!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x12a49aa876c2d985%3A0xb7d4174b7b364d3d!2sCarrer%20Nostra%20Senyora%20de%20Loreto%2C%2047%2C%2008780%20Barcelona!5e0!3m2!1ses!2ses!4v1781866090515!5m2!1ses!2ses\" width=\"800\" height=\"600\" style=\"border:0;\" allowfullscreen=\"\" loading=\"lazy\" referrerpolicy=\"no-referrer-when-downgrade\"><\/iframe>\n\n\n\n<h2 class=\"wp-block-heading\">Mortgage collateral<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The loan will be secured by a<sup>first-priority<\/sup> mortgage on the property, located at Carrer Mare de D\u00e9u de Loreto, 47, Pallej\u00e1 (<strong>Barcelona<\/strong>).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the appraisal report prepared by <strong><strong><strong>Gloval Valuation<\/strong><\/strong><\/strong>, the current appraised value is \u20ac2,091,808.94, and the appraised value based on the assumption of a completed building (HET) is \u20ac3,589,254.11. The loan to be granted to the developer in this second phase is \u20ac740,000, which represents a Loan-to-Value (LTV) ratio based on the Completed Building Valuation (HET) (phases I and II) of 41.23% and an LTV ratio for the first drawdown (phase II) of 47.45%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Collateral agent<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">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 <strong>wecity<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this case, the designated Collateral Agent will be the one specified in the loan agreement. <\/p>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">Rating<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>wecity<\/strong>, as a provider of participatory financing services and in compliance with Delegated Regulation (EU) 2024\/358, which supplements 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> used to calculate project ratings. If the calculation is based on unaudited financial statements, this will be clearly stated in the method description.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">Monitoring<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">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 <strong>wecity<\/strong>.  <\/p>\n","protected":false},"featured_media":26471,"template":"","class_list":["post-27789","oportunidades","type-oportunidades","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/oportunidades\/27789","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\/26471"}],"wp:attachment":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/media?parent=27789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}