About The Project
Calle Mata de Morella 2 (12006 - Castellón de la Plana, Castellón)
Financing for the acquisition of urban land in the center of Castellón de la Plana to develop a real estate development consisting of 23 homes, a commercial space and a basement for garages and storage rooms. The project has reached a level of reserves greater than 55% of the houses. The financing will be given simultaneously with that granted with the bank that provides the resources for the construction. The project will have a work license before the financing is formalized.
Financing for the acquisition of urban land in the center of Castellón de la Plana to develop a real estate development consisting of 23 homes, commercial space and a basement for garages and storage rooms. The project has reached a level of reserves greater than 55% of the houses. The financing will be given simultaneously with that granted with the bank that provides the resources for the construction. The project will have a work license before the financing is formalized.
The residential building consisting of 23 homes, 30 parking spaces, 1 store and 10 storage rooms
Current status: Buying
Location: Mata de Morella Street 2 (12006 - Castellón de la Plana, Castellón)
Purpose of the loan Purchase of licensed land and developer loan
Website / commercialization http://www.inmobiliariasfi.es/
• Pledge of social participation: the pledge of social participation is carried out on behalf of the investors who are going to invest in the project.
• Deposit of the company that owns the promoter company.
• Assignment of payment by credit not provided: the loan obligation is not assigned in favor of investors.
- Loan amortization:
The loan includes the possibility of repaying 50% of the loan capital - 240,000 euros - in approximately 12 months, subject to the release of funds by the bank that finances the work when the following conditions are met:
1.- 50% of the execution of the work is reached
2.- 80% of sales
- Early amortization:
If it is intended to make an early repayment before month 12 from the beginning of the loan, the amortization must be total, not partial, and will entail additional interest for early amortization in favor of the investors and that will be equivalent to the amount of interest remaining until the maturity of the Loan in month 24. If an early repayment is intended after month 12 from the beginning of the loan, the amortization may be partial or total. If it is partial it must be for an amount greater than € 100,000. The early amortization carried out after month 12 will only entail the ordinary interest accrued to date, without additional interest for early amortization.
Click here to see the specific risks of this project
From the moment an investor formalizes his participation in a project, he is accepting the risk and profitability of this investment. The loans present the risk of not obtaining the expected return, lack of liquidity, the possibility of dilution or even loss of the loan principal.
From Civislend we work to minimize the risks of the investors registered in our platform, analyzing and filtering the projects exhaustively so that we only publish projects that meet demanding quality and solvency criteria that maximize the fulfillment of the commitments with the investors.
Civislend works as a meeting point between promoters and investors but is not responsible for the success or failure of a project, or the profitability obtained by the investor.
Before publishing the promoters' proposals, our team of professionals evaluates in a rigorous and exhaustive way each of the projects presented to minimize the risks of investors. For additional security, an additional examination of the projects by external and independent professionals of Civislend is also carried out.
Difference between the promoter and the actual owner of the project In order to protect the interests of investors, Civislend may require that the real estate project be carried out through a specific limited company created for this purpose, which we call the Promoter. In this way the project is isolated from the rest of the business activity of the real holder and the risk of being affected by events outside the project itself is reduced. Real estate projects organized in this way are consistent with current best practices applied by banks when financing real estate developments. Trajectory The promoter team led by Javier Timoner Lloret has extensive experience in the real estate and financial sector having held positions of responsibility in Lubasa, CBRE, Bankia, PwC, Aktua, Fadesa, Haya Real Estate, and Aguirre Newman. He currently develops his main activity through SFI Consulting that provides real estate marketing, consulting, investment services, project management, and asset management. Marketing: + 5,000 units sold. Energy audits and certificates: + 25,000 certifications for different entities. Consulting: Participation in different asset valuation processes, both by the seller and the buyer (land, partially executed promotions, marketing promotions, homes, premises, etc). Development of commercial dossiers and feasibility plans. Construction management: + 70 homes. Promotion of new construction: + 330 homes. Construction: + 280 homes. Project & Construction Management: + 230 homes. Asset management: + 1,270 homes