{"id":27798,"date":"2026-09-02T10:35:43","date_gmt":"2026-09-02T08:35:43","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/madrid-count-of-vilches-iii\/"},"modified":"2026-09-08T17:34:26","modified_gmt":"2026-09-08T15:34:26","slug":"madrid-count-of-vilches-iii","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/madrid-count-of-vilches-iii\/","title":{"rendered":"Madrid, Count of Vilches III"},"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>\u201cIn accordance with Article 8.2 of Regulation (EU) 2020\/1503 of the European Parliament and of the Council of October 7, 2020, on European crowdfunding providers, we hereby inform you that <a href=\"https:\/\/www.wecity.com\/en\/team\/\" target=\"_blank\" rel=\"noreferrer noopener\">partners, executives, and employees of <strong>wecity<\/strong><\/a> may invest on this occasion. These investments will be made under the same conditions as those of other investors, without receiving preferential treatment or privileged access to information.\u201d<\/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>Term:<\/strong> 6 months  <\/li>\n\n\n\n<li><strong>Interest rate:<\/strong> 11% per annum.<\/li>\n\n\n\n<li><strong>Estimated total return:<\/strong> 5.5%<\/li>\n\n\n\n<li><strong>Interest payment:<\/strong> at maturity.<\/li>\n\n\n\n<li><strong>Current Appraised Value (ECO): <\/strong>\u20ac1<strong> <\/strong>,942,009.16<\/li>\n\n\n\n<li><strong>HET (ECO) Appraisal Value:<\/strong> \u20ac2,859,838.18<strong> | HET LTV:<\/strong> 60.49%<\/li>\n\n\n\n<li><strong>1st Drawdown:<\/strong> \u20ac1,350,844.08<strong> | LTV for 1st Drawdown:<\/strong> 69.55%<\/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>The loan will <strong>mature<\/strong> on March 18, 2027.<\/li>\n\n\n\n<li><strong>Contributions:<\/strong><ul><li><strong>Developer:<\/strong> \u20ac672,317<\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li><strong>wecity Loan<\/strong> (Phase III): \u20ac500,000.00<\/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 development company <strong>Edificio Vilches SL is requesting funding through wecity<\/strong> to launch Phase III of the \u201cMadrid &#8211; Conde de Vilches\u201d project, which involves the renovation of a building located at Calle del Conde de Vilches, 5, where a building with 16 vacation apartments will be developed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The lot has a total area of 422 m\u00b2 and a built-up area of 680 m\u00b2, where 16 vacation apartments will be built. The project initially called for 21 apartments, but there will ultimately be 16, since they do not qualify for a parking exemption.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From an urban planning perspective, <strong>it received the Certificate of Compliance from the ECU (Urban Planning Collaborative Entity) on December 11, 2025. <\/strong>Construction is <strong>currently <\/strong>39.38% complete, according to the appraisal. From a commercial perspective, 0 out of 16 units have been sold, as the property will be put into operation. There is an agreement with <strong>Dobo Homes<\/strong> (a brand affiliated with the developer) to operate the property once construction is complete. It is a <strong>binding 10-year <\/strong>agreement with an annual gross rent payment of \u20ac288,000.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The project will be financed through a mortgage loan in the amount of \u20ac500,000 at a fixed interest rate of 11.00%, secured by a<sup>first-lien<\/sup> mortgage on the property, with a term of 6 months.  <\/strong>approximately.  <strong>This loan will be for Phase III  <\/strong>of a total loan, structured in three phases (the first two of which amounted to \u20ac680,000 and \u20ac550,000). Of this third phase, \u20ac439,155.00 will be allocated to construction costs, and the remainder will be used for loan structuring and other expenses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>To date<\/strong>, the developer <strong>has contributed<\/strong> <strong>\u20ac672,317.30 of <\/strong> <strong>its own funds<\/strong> <strong>at <\/strong>the time of acquisition, representing 27.99% of the total funds required for the project\u2019s development. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Due to the delay in obtaining the building permit, which forced the postponement of the start of construction, it is estimated that a longer timeframe may be required to complete the project.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The loan is expected to be repaid to wecity investors through bank financing once the rental income has stabilized.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">AInvest<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">AInvest does not apply in this case.<\/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=\"357\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/06\/wecity_imag_inversion_Madrid-Conde-de-Vilches_1-1024x357.jpg\" alt=\"\" class=\"wp-image-19404\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/06\/wecity_imag_inversion_Madrid-Conde-de-Vilches_1-1024x357.jpg 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/06\/wecity_imag_inversion_Madrid-Conde-de-Vilches_1-300x105.jpg 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/06\/wecity_imag_inversion_Madrid-Conde-de-Vilches_1-768x268.jpg 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2025\/06\/wecity_imag_inversion_Madrid-Conde-de-Vilches_1.jpg 1287w\" 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!1d3036.267191221499!2d-3.671919687007425!3d40.4354395713176!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0xd4228c9c7b0070d%3A0x49a00581da318c43!2sC.%20del%20Conde%20de%20Vilches%2C%205%2C%20Salamanca%2C%2028028%20Madrid!5e0!3m2!1ses!2ses!4v1749466998592!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 Calle Conde de Vilches, 5, Madrid.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the appraisal report prepared by <strong>Tasa<\/strong>, the Current Appraised Value is \u20ac1,942,009.16, and the Appraised Value Upon Completion (HET) is \u20ac2,859,838.18. The loan to be granted to the developer in this third phase is \u20ac500,000.00. This represents a Loan-to-Value (LTV) ratio of 60.49% based on the HET and a Loan-to-Value (LTV) ratio of 69.55% based on the first drawdown.<\/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 <strong>wecity<\/strong> &#8216;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 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 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":19387,"template":"","class_list":["post-27798","oportunidades","type-oportunidades","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/oportunidades\/27798","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\/19387"}],"wp:attachment":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/media?parent=27798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}