Update from the developer:
The developer informs you that MODULAR SYSTEM GLOBAL, S.L., promoter of the MODULAR HOME - CASTELLAR project, has announced that it wishes to activate the "FLEX" option provided for in the contract signed between the promoter and the investors. This extension of the deadline by activating the "FLEX" clause is subject to payment of the full ordinary interest on the project until the date of entry into force of the "FLEX" option. If ordinary interest payments are not made, and as stipulated in the financing contract, the promoter cannot activate the "FLEX" without the extension of the deadline. In the event of being up to date with payment, the deadline for completion of the aforementioned project set for 21 January 2021 will be extended to 21 July 2021. In return, and as contractually foreseen, the interest for investors in the project will increase by 0.75% per year, from 9% per year to 9.75% per year. This increase in interest will be applied as from the entry into force of the Flex option, from 22 January 2020.
Type of opportunity: Loan
Modality: Development Loan1 Flex Contract 2
Profitability: 9%in 12 months
We introduce you to Modular Home - Castellar, a new Development Loan1 opportunity with Flex Contract2 ,which consists of granting a loan to a project developer for the construction and subsequent sale of two houses, in Castellar del Vallés, Barcelona.
- The work license was already requested;
- Prefabricated and industrialized houses;
- The project developer has more than 15 years of experience;
The project is located in Castellar del Vallés, a town in Barcelona.
Highlights of the location:
- Castellar Del Vallé has a privileged natural environment. It is located in the north of the Vallés Occidental, surrounded by the Sant Llorenç del Munt i l'Obac natural park, part of the National Protected Natural Spaces of Barcelona;
- Traditionally agriculture has been the main economic source of this location, but from the nineteenth century onwards, process of industrialization started that left behind the agricultural activity, focusing on the textile industry and making it the main activity of the town;
- The main attractions in Castellar del Valles include the Tolrà palace, the church of Sant Esteve and the Castle of Clasquerí.
The opportunity foresees the construction of two single-family houses, each with a total area of 165m2. Each house will present the following distribution:
- Living room;
- Private courtyard;
- Garden area with swimming pool;
- Two bedrooms;
- Master bedroom;
- Dressing room;
For the construction, a constructive system will be used, consisting of great walls of concrete that are locked together forming a puzzle. A house built with the MH system is a dwelling characterised by its solidity, beauty and economy, offering the client infinite typologies and sizes by means of the "MH System" technological system.
The project developer MODULAR SYSTEM GLOBAL, S.L. is a national pioneering company in the manufacture and installation of concrete modular houses, that focuses on the quality, economy, rapidity and personalization of its modular houses.
It has more than 15 years of experience in Spain, in the sector of prefabricated houses that are adapted to the demands and taste of customers.
Additionally, GOC will monitor these types of projects, in order to guarantee a permanent control regarding the allocation of the capital provided by the investors.
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