{"id":28458,"date":"2026-10-22T09:47:47","date_gmt":"2026-10-22T07:47:47","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/lucca-san-concordio-ii\/"},"modified":"2026-10-26T12:01:41","modified_gmt":"2026-10-26T11:01:41","slug":"lucca-san-concordio-ii","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/lucca-san-concordio-ii\/","title":{"rendered":"Lucca San Concordio 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>\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>Type<\/strong>: Fixed-rate mortgage loan<\/li>\n\n\n\n<li><strong>Purpose of the loan:<\/strong> Construction.<\/li>\n\n\n\n<li><strong>Collateral:<\/strong><sup>First-lien <\/sup>mortgage.<\/li>\n\n\n\n<li><strong>Term:<\/strong> 10 months (+6 months possible extension).<\/li>\n\n\n\n<li><strong>Mandatory repayment period: <\/strong>6<strong> <\/strong>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> 9.38%<\/li>\n\n\n\n<li><strong>Interest payment:<\/strong> at maturity.<\/li>\n\n\n\n<li><strong>Current Appraisal Value: <\/strong>2<strong> <\/strong>,850,000.00 \u20ac<strong> | LTV: <\/strong>38<strong> <\/strong>.60%<\/li>\n\n\n\n<li><strong>HET Appraisal:<\/strong> \u20ac4,774,000.00<strong> | LTV: <\/strong>43<strong> <\/strong>.98%<\/li>\n\n\n\n<li><strong> LTV for first drawdown:<\/strong> 45.61%<\/li>\n\n\n\n<li><strong>Rating<\/strong>: <a href=\"https:\/\/www.wecity.com\/en\/risk-assessment-model\/\">A<\/a><\/li>\n\n\n\n<li><strong>Contributions:<\/strong><ul><li><strong>Developer:<\/strong> \u20ac1,063,000.00<\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li><strong>wecity Loan<\/strong> <strong>Phase II:<\/strong> \u20ac1,000,000.00<\/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 ten minutes.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The developer <strong>Effea srl<\/strong> is seeking financing through <strong>wecity<\/strong> to purchase and complete the renovation of a building located at Via Teresa Bandettini 580 (Lucca, <strong>Italy<\/strong>), where <strong>11 apartments and 22 parking spaces<\/strong> (11 covered and 11 uncovered) will be developed, as well as a lot  at the same location.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The building has a total floor area of 1,083 m\u00b2. From <strong>a zoning perspective<\/strong>, the <strong>permit<\/strong> <strong>was obtained in 2025<\/strong> and is currently in effect, with construction progress at 43%. From a <strong>sales<\/strong> perspective, <strong>3 out of 11<\/strong> units have been sold (27.30%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The project will be financed through a <strong>fixed-rate mortgage loan at 11.25%<\/strong> in the amount of <strong>\u20ac2,100,000 (in two phases)<\/strong>, which will be <strong>secured by a mortgage on 1<\/strong><strong><sup>first<\/sup><\/strong><strong>priority on the assets<\/strong> and will have a standard term of 12 months <strong><\/strong> plus a possible 6-month extension. <strong>In this Phase II, the target financing amount will be \u20ac1,000,000,<\/strong> which will be allocated to construction work. The expected duration is 10 months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>developer has contributed<\/strong> <strong>\u20ac1,063,000<\/strong> <strong>in equity<\/strong> <strong><\/strong>for Phase I of the project, representing 31.97% of the total funds needed to carry out the project.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investors are expected to exit the project upon the <strong>sale of the homes<\/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 loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"606\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio_p-1024x606.png\" alt=\"\" class=\"wp-image-27477\" style=\"aspect-ratio:1.6897867622411882;width:1200px;height:auto\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio_p-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio_p-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio_p-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio_p-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio_p.png 1716w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-2 is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"606\" data-id=\"27503\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-1024x606.png\" alt=\"\" class=\"wp-image-27503\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio.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\" data-id=\"27482\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-1-1024x606.png\" alt=\"\" class=\"wp-image-27482\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-1-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-1-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-1-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-1-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-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\" data-id=\"27498\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-3-1-1024x606.png\" alt=\"\" class=\"wp-image-27498\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-3-1-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-3-1-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-3-1-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-3-1-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-3-1.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\" data-id=\"27487\" src=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-2-1024x606.png\" alt=\"\" class=\"wp-image-27487\" srcset=\"https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-2-1024x606.png 1024w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-2-300x178.png 300w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-2-768x455.png 768w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-2-1536x909.png 1536w, https:\/\/www.wecity.com\/wp-content\/uploads\/2026\/07\/wecity_imag_inversion_Lucca-San-Concordio-2.png 1716w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/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!1d3841.011669081425!2d10.490761112410848!3d43.83617084045611!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x12d5847980d9bd27%3A0xdbf18c87b040c1c2!2sVia%20Teresa%20Bandettini%2C%20580%2C%2055100%20Lucca%20LU%2C%20Italia!5e1!3m2!1ses!2ses!4v1785400593316!5m2!1ses!2ses\" width=\"800\" height=\"600\" style=\"border:0;\" allowfullscreen=\"\" loading=\"lazy\" referrerpolicy=\"strict-origin-when-cross-origin\"><\/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 Via Teresa Bandettini 580, Lucca, Italy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the appraisal report prepared by RYZE, the <strong>current appraised value<\/strong> is <strong><strong>2,850,000.00<\/strong><\/strong> \u20ac and the <strong>Appraised Value Based on the Assumption of a Completed Building<\/strong>(HET) is <strong><strong>4,774,000.00<\/strong> \u20ac.<\/strong> The loan to be granted to the developer in this <strong>second phase<\/strong> <strong>is 1,000,000.00 \u20ac<\/strong>, which represents a Loan-to-Value (LTV) ratio based on the HET of <strong>43.98%<\/strong> and an LTV ratio for the first drawdown of<strong> <strong>45.61%<\/strong><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Collateral Agent<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The creation, maintenance, management, administration, and, where applicable, enforcement of the security interest on behalf of <strong>wecity<\/strong> investors will be handled 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<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\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"featured_media":27478,"template":"","class_list":["post-28458","oportunidades","type-oportunidades","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/oportunidades\/28458","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\/27478"}],"wp:attachment":[{"href":"https:\/\/www.wecity.com\/en\/wp-json\/wp\/v2\/media?parent=28458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}