Broken Coast

 Development loan
Project listed: 13.07.2020
Annual yield
Term: 9 months
Interest payment schedule:
At Project Completion
Interest payments

Project updates

Login to subscribe on project updates
December 22, 2020

Update from the originator:

The promoting company has acquired the property, the building license was issued and the management group is negotiating with financial institutions the financing of the established cooperative.

The project meets the planned schedule.

Ask a question

Allowed characters: a-z, 0-9. Min 3 characters

Risk rating

CriteriaFrom -2 to 2
Property type0
Loan Structure1
Development's licence2
Purpose of the loan1
Investment length0
EBITDA Margin0
EvoEstate Risk rating is of an informative nature only and can not be considered investment advice.
Project rating
Originator rating


Project summary

Mountain View Real Estate (MVRE) presents you with an excellent investment opportunity in Santander through the Residencial Costa Quebrada project.

Promoted by Cruz de Nivelle, it deals with the purchase, urban management and sale of a land that will become 6 magnificent and exclusive individual villas on Calle Virgen del Mar 35 in Santander. The marketing phase has already started, which has 4 reserved units.

The main assets of the project are the large plots owned (buildable without exhausting) and the modern design of the villas.

The Mountain View Real Estate group participates by contributing more than 50% of the necessary resources.

Today it is part of Costa Quebrada with a minimum investment of € 200, a unique investment opportunity that offers you to participate in a Fixed Interest Loan. The annual nominal interest is 10% and the maturity is 9 months!

The promoter

The Mountain View Real Estate (MVRE) team has been promoting real estate projects as a comprehensive consultation in northern Spain for more than 35 years (Asturias, Castilla y León, Cantabria, Euskadi, La Rioja and Navarra, with permanent offices in Gijón, Santander, Bilbao, Vitoria, Pamplona, ​​Logroño, Burgos, Valladolid and Salamanca). 

At the same time, at the international level, the corporation has its headquarters in Santiago, Chile.

The company has a specialized team in different areas and departments (urban, legal, fiscal, financial, administrative, technical and commercial) and its greatest commitment is to satisfy its clients. For this reason, the company is always at the forefront in all areas related to Real Estate and the most advanced techniques in the sector. 

Finally, the hallmark of MVRE is proximity and interaction with the client in its projects, thanks to a commercialization managed by specialized personnel who collaborate with real estate services in each city. This allows obtaining an exhaustive knowledge of the needs of the buyer or end user, and a detailed profile of the client to whom each project is directed.

The business model consists of the purchase of a plot of land through a newly created company (SPV), the development of all the necessary urban procedures and the commercialization of the residences. At the time the building license is obtained, the property is sold to the cooperative formed by the acquirers, which buys the land of the company through a bank loan and allows payment to investors online. Subsequently, the promotion will take place in a cooperative regime, with the advantages that this entails, including participation in the entire process and the vast experience of the management group in this type of modality.

To offer an additional guarantee, the group's parent company guarantees the loan, you can access the guarantor's report here .

The building

The land to be acquired by the developer is part of a compensation project already approved by the Santander city council, which is in the final stage of issuing segregation into two plots. The issuance of the building license is imminent.

The project consists of 6 luxury homes, with four bedrooms, modern and clean designs, with extensive private plots owned in a privileged environment and with magnificent communications.

The houses will be equipped with a floor heating system. The heating and the sanitary hot water will be through renewable energy, in this case aerothermal. 

The foundation will be made using continuous and isolated reinforced concrete footings. • The supporting structure of the building will be built “in situ” with reinforced concrete beams and pillars. In addition to the Facultative Direction, this fundamental phase in the construction of the building will be supervised by a Technical Control Organism and a Decennial Insurance will be contracted with a first level insurance company.

The property will be acquired by the developer for a price 30% lower in relation to the amount of the appraisal report , carried out by an independent appraiser approved by the Bank of Spain.

Project Images

Check the Project Dossier (Spanish).

The environment

The urbanization "Costa Quebrada" is located in the municipality of Santander, in the Corbán area and specifically, bordering on Soto de la Marina, belonging to the municipality of Santa Cruz de Bezana.

It is a residential area and the houses are located in a quiet environment, well connected and close to educational, sports, commercial and leisure areas and close to the Virgen del Mar beach. It is a highly sought after area for first and second residence.

Excellent communication with the city center, through several bus lines. Close to educational, sports, shopping and leisure areas.

Close to the Virgen del Mar beach.

Location map

Market overview

It is a perfectly consolidated area with a wide range of properties. Both first-hand and second-hand, the prices are shown above the average market value of the region, since they are constructions made with quality with a great variety of new constructions.

The offer in this area is made up of new promotions of single-family homes integrated in private developments or single-family homes built by individuals and second-hand with prices above the average for the real estate market and oversized in area.

The customer profile is a young family with an average purchasing power and there is a great demand for this type of housing.

Consult the Market Study

The loan

The loan is presented as a very attractive investment opportunity:

  • Purpose:  Purchase of land, urban management and sale of the property
  • Product type:  Fixed Interest Loan
  • Annual interest rate:  10%
  • Total Return:  7.5%
  • Estimated term:  9 months
  • Frequency of interest payments:  At maturity
  • Amortization type:  At maturity
  • Guarantees:  Recognition of debt before a notary. Endorsed  by the company  MOUNTAIN VIEW REAL ESTATE SL
  • You can participate in this investment from 50 euros


Stockcrowd IN Success Rate:  It is the rate that Stockcrowd IN will charge that will be determined based on a% of the funds obtained for the project, as long as it is successfully closed, that is, the objective of the published financing is reached on the platform. In case of not closing successfully, StockCrowd IN will not charge this commission. Once the campaign is finished and as a previous step to the delivery of the money to the promoter / manager, this commission is deducted from it in favor of StockCrowd IN. It does not affect the final profitability obtained by investors, since the Promoter is the one who assumes its cost. In this project it is 4% + VAT on the total to be financed by investors.

Payment gateway  fee : This is the fee charged by StockCrowd IN for intermediation with the payment gateway provider and custodian. The promoter or manager makes the payment of 1% on the maximum amount of the financing objective that can be achieved in the campaign. In the event that the campaign does not reach the financing objective, the proportional part of this fee will be paid to the Promoter with respect to the amount of the maximum financing objective not reached. Also, in such case, the investor will fully recover the amount invested. It does not affect the final profitability obtained by investors, since the Promoter is the one who assumes its cost. 


Investing in this project involves the following risks: risk of not obtaining the expected monetary return, risk of falling prices, risk of not completing financing, political risk, risk of rate hikes, risk of lack of liquidity to recover capital invested, subordinate nature of the loan (particularly vis-à-vis the mortgagee, in those cases in which the acquisition of the property object of the project is financed additionally by loans with mortgage guarantee), risk of total or partial loss of the invested capital and risk of fraud.

Risk of falling prices:   That the price of the property falls due to the increase in supply or decrease in demand in the area. There may also be a general drop in property prices due to a multitude of factors.

Mitigation:  The developer knows perfectly the dynamics of the market and his team is made up of professionals with extensive experience in the sector. Their knowledge and know-how allows them to identify and anticipate price trends, anticipating the market. There is an appraisal of the property and sometimes a market study is carried out.

Liquidity risk:  Not being able to find a buyer when you want to sell the property.

Mitigation:  The sales team knows the dynamics of the market and is structured with a team of collaborators in intermediation services to reduce this risk.

Rate rise risk:  Increase in the cost of financing the purchase of real estate (mortgages). Which will push down the demand of the housing market.

Mitigation:  The most reputable economists predict that the European Central Bank will not raise interest rates dramatically this year. And the upload that will be implemented in the future will be very slow.

Political risk:  What happens if political instability grows during this year.

Mitigation:  Being an asset located in a highly consolidated and exclusive area, it does not have a frontal influence, allowing to reduce this risk significantly.

Risk of not completing the financing:  What happens if the investments do not complete the entire objective of the opportunity in the expected time.

Mitigation:  The Law for the Promotion of Business Financing 5/2015, allows Participatory Financing Platforms to exceed the initially foreseen term of up to 25%. If the opportunity has reached at least 90% of the financing objective, it may be effectively completed. In the event that the campaign does not reach the minimum 90% of the project, all amounts are returned by the platform at no cost to the investor. The funding campaign can also exceed the target by 25%.

Risk of total capital loss or of not obtaining the expected monetary return:  It is important to keep in mind that there is no safe investment, and as with any investment, there is always the risk, not only of not obtaining the expected returns, but of losing all than invested. There may be a bankruptcy or bankruptcy by the developer or the estimates in your business plan may not be met for various reasons.

Mitigation:  Stockcrowd IN runs a risk analysis of both the developer and the opportunity. It is studied that the promoter is up to date with AEAT and TGSS and that it is not registered in the RAI Likewise, it is studied that no information has been registered on a claim by the Public Administration, nor legal claims and that the company deposits its accounts with regularity.

Fraud risk: It  should be noted that there may be a fraud risk due to improper use of the money obtained for the project. There may be a fraudulent use of money from any real estate transaction.

Mitigation:  In accordance with the Law for the Promotion of Business Financing 5/2015, Stockcrowd IN requests a criminal record and an Honorability Test from administrators and shareholders with high participation in the companies that execute the project. Also, explain that until the participatory financing campaign is completed, the promoter does not have the funds by going to an "escrow" account where he does not have access. It is also required that every two months, the developer is reporting the use of money and therefore the evolution of the project. You are also required to keep separate analytical project accounting.


StockcrowdIN is a participatory financing platform that is not covered by investment or deposit guarantee funds. The projects are not subject to supervision by the CNMV or the Bank of Spain or any other regulator. The information provided by the promoter has not been reviewed by the CNMV nor was it approved by it. The investment opportunities offered by StockcrowdIN are previously studied and approved by the platform, but this does not provide financial and other advice. The information provided on this website is not considered advice and is only general information. The forecasts and information presented by the promoter or manager are only business plans and may be modified in the course of operations.

Project originated by:


Annual yield
Term: 9 months
Interest payment schedule:
At Project Completion
Interest payments
Get emails about all