{"id":9617,"date":"2023-12-11T17:16:44","date_gmt":"2023-12-11T16:16:44","guid":{"rendered":"https:\/\/www.wecity.com\/oportunidades\/madrid-s-sebastian-de-los-reyes\/"},"modified":"2025-03-13T13:38:19","modified_gmt":"2025-03-13T12:38:19","slug":"madrid-s-sebastian-de-los-reyes","status":"publish","type":"oportunidades","link":"https:\/\/www.wecity.com\/en\/opportunities\/madrid-s-sebastian-de-los-reyes\/","title":{"rendered":"Madrid-Edificio Mallorca"},"content":{"rendered":"\n
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Esta oportunidad se pre-financiar\u00e1 bajo el sistema Earlyfunding<\/strong> a partir del lunes 08 de enero a las 12:00h<\/strong>. Una vez que acabe este periodo, se prorratear\u00e1n todas las inversiones de forma proporcional entre todos los inversores. Mira aqu\u00ed las condiciones<\/a><\/p>\n<\/div><\/div>\n\n\n\n

WECITY complies with Law 5\/2015 and with Regulation<\/strong> (EU) 2020\/1503 of the European Parliament and of the Council<\/strong> of 7 October 2020 on European providers of crowdfunding services for companies. It is authorized by the CNMV<\/strong> as a Participatory Financing Platform registered under number 30<\/strong>, with a favorable proposal from the Bank of Spain<\/strong>.<\/p>\n\n\n\n

Eurobell Inversiones SL<\/strong> requests financing from wecity for this investment opportunity.<\/p>\n\n\n\n

Investor, before making your investment please read the basic information for the investor client<\/a>.<\/p>\n\n\n\n

<\/div>\n\n\n\n

The investment<\/h2>\n\n\n\n

The investment opportunity consists of a 1st degree mortgage loan<\/strong> to finance the construction costs of the refurbishment of a building in Mallorca Street, 5, San Sebasti\u00e1n de los Reyes (Madrid)<\/strong>. The exit of wecity’s investors will take place with the delivery of the homes and lofts to the buyers, once the First Occupancy License is obtained.<\/p>\n\n\n\n

The building has a total built area of 1,333 m2, where 8 homes will be built, 6 of them duplexes with terraces, and 15 lofts, 17 parking spaces and a communal terrace with solarium. Currently, 52.17% of the development has been sold, 12 out of 23 units, corresponding to 4 homes and 8 lofts marketed.<\/p>\n\n\n\n

The developer is providing its own funds in the amount of \u20ac870,000<\/strong> (41.28%) which, together with the \u20ac487,165 (23.11%) provided by the buyers and the \u20ac750,000 requested from the wecity investors, add up to a total of \u20ac2,107,165. The remaining funds to complete the \u20ac2,751,880 required for the execution of the project will be provided by the buyers, with a 1st degree mortgage guarantee.<\/p>\n\n\n\n

Through wecity you can participate in a fixed-rate loan operation with an annual interest rate of 10%<\/strong> for an estimated term of 6 months<\/strong> (6 months mandatory) with the possibility of an extension of 3 additional months.<\/strong><\/p>\n\n\n\n

With a minimum investment of 500 \u20ac, you can participate in this opportunity with an excellent profitability and with the maximum guarantees. The total estimated profit is 5% for 6 months or 7.5% if the final term is with the 3-month extension.<\/p>\n\n\n\n

The payment of interest + the return of the invested capital will be made at maturity.<\/p>\n\n\n\n

<\/div>\n\n\n\n

Keys<\/h2>\n\n\n\n
\n
    \n
  • Purpose of the loan:<\/strong> Construction costs of a building for the development of 8 dwellings and 15 lofts at Calle Mallorca, 5, San Sebasti\u00e1n de los Reyes (Madrid).<\/li>\n\n\n\n
  • Guarantee:<\/strong> 1st degree mortgage.<\/li>\n\n\n\n
  • Term:<\/strong> 6 months (+ 3 months possible extension).<\/li>\n\n\n\n
  • Interest rate:<\/strong> 10% per annum.<\/li>\n\n\n\n
  • Estimated total yield: <\/strong>5%.<\/li>\n\n\n\n
  • Interest payment:<\/strong> at maturity<\/li>\n\n\n\n
  • ECO appraisal:<\/strong> 1.932.726 \u20ac (current LTV: <\/strong>38,98%)<\/li>\n\n\n\n
  • ECO HET appraisal:<\/strong> \u20ac4,004,634 (LTV HET: <\/strong>18.72%)<\/li>\n\n\n\n
  • LTV First drawdown appraisal:<\/strong> 10.23 %.<\/li>\n\n\n\n
  • Contributions:<\/strong>\n
      \n
    • Developer’s own funds:<\/strong> 870,000 \u20ac (41.28%).<\/li>\n\n\n\n
    • Buyers’ contributions<\/strong>: \u20ac487,165 (23.11%).<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • wecity investors:<\/strong> \u20ac750,000.<\/li>\n\n\n\n
    • Minimum investment:<\/strong> 500 \u20ac.<\/li>\n\n\n\n
    • Maximum investment:<\/strong> No limits.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
      <\/div>\n\n\n\n

      ECO Tasation<\/h2>\n\n\n\n

      The current appraisal for mortgage guarantee purposes (ECO Order 805\/2003) amounts to \u20ac1,923,726.<\/strong> This represents a Loan to Value (LTV) over the current appraisal of 38.98%.<\/strong><\/p>\n\n\n\n

      The appraisal on the assumption of a finished building amounts to \u20ac4,404,634.<\/strong> This represents a Loan to Value (LTV) on HET appraisal of 18.72%.<\/strong><\/p>\n\n\n\n

      The Loan to Value (LTV) on first disposal is 10,23%.<\/strong><\/p>\n\n\n\n

      The independent appraiser in charge of identifying the value is TINSA, whose corporate name is Tasaciones inmobiliarias SAU, and is registered as an approved appraisal company by the Bank of Spain under number 4313.<\/p>\n\n\n\n

      <\/div>\n\n\n\n

      The project<\/h2>\n\n\n\n

      The project consists of 8 homes, 6 of them duplexes with terrace and 15 lofts, 17 parking spaces and communal terrace with solarium.<\/p>\n\n\n\n

      \"Inversi\u00f3n<\/figure>\n\n\n\n

      Ground Floor<\/strong> (You can see the rest of the floor plans in the Documents section)<\/p>\n\n\n\n

      \"Inversi\u00f3n<\/figure>\n\n\n\n
      \"Inversi\u00f3n<\/figure>\n\n\n\n
      \"Inversi\u00f3n<\/figure>\n\n\n\n
      \"Inversi\u00f3n<\/figure>\n\n\n\n
      <\/div>\n\n\n\n

      Location<\/h2>\n\n\n\n

      The project is located at Mallorca 5, San Sebasti\u00e1n de los Reyes (Madrid).<\/strong><\/p>\n\n\n\n

      Very close to the town center of the town and large green areas such as the Parque de la Marina or the Dehesa Boyal<\/strong>. It also has a multitude of stores and services around it, as well as shopping and leisure centers<\/strong> (Style Outlets, Plaza Norte 2).<\/p>\n\n\n\n

      Quick access to Madrid from the A-1<\/strong> and good communications through suburban train stations, Metro L-10 <\/strong>and urban and intercity buses.<\/p>\n\n\n\n

      \"Inversi\u00f3n<\/figure>\n\n\n\n
      <\/div>\n\n\n\n

      The mortgage guarantee<\/h2>\n\n\n\n

      The loan will be secured by a 1st degree mortgage<\/strong> on the building and the construction, located at Calle Mallorca, 5, San Sebasti\u00e1n de los Reyes (Madrid).<\/p>\n\n\n\n

      According to the appraisal report made by TINSA, the current appraisal amounts to \u20ac1,923,726<\/strong>. The loan to be made to the developer is 750,000 \u20ac, which implies a Loan to Value (LTV) on the current appraisal of 38.98% <\/strong>and a Loan to Value of 1st disposal of 10,23 %.<\/strong><\/p>\n\n\n\n

      The HET appraisal (Hypothetical finished building) amounts to \u20ac4,004,634<\/strong>, which represents a Loan to Value HET of 18.72%.<\/p>\n\n\n\n

      <\/div>\n\n\n\n

      Collateral agent<\/h2>\n\n\n\n

      The constitution, preservation, management, administration and, if applicable, enforcement of the real estate mortgage rights on behalf of the investors will be carried out by an entity external to wecity.<\/p>\n\n\n\n

      In this case the designated Collateral Agent is BONDHOLDERS.<\/strong><\/p>\n\n\n\n

      Bondholders, is a professional company specialized mainly in providing independent commission agent and escrow services over different asset classes and under numerous international jurisdictions.<\/p>\n\n\n\n

      In recent years Bondholders has been mandated as agent and arranger in more than 400 transactions representing a total of nearly 200 billion euros in debt.<\/p>\n\n\n\n

      Its main clients include, among others, financial institutions, institutional clients, asset managers, sovereign government agencies.<\/p>\n\n\n\n

      Currently one of the leaders in Europe in providing independent fiduciary services.<\/strong><\/p>\n\n\n\n

      <\/div>\n\n\n\n

      Monitoring<\/h2>\n\n\n\n

      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

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