Update from the originator:
Pine Trees II is about to be completed. The originator expects that before the end of the year it will be paid back, with a good return.
After the successful financing and marketing of the Pinares I project , from Urbanitae we present the second phase of the same project. These are 16 additional new-build semi-detached houses in El Puerto de Santa María, Cádiz .
The phase I project, already financed through Urbanitae, has sold the entire development, and the second, with identical characteristics, is currently being marketed.
El Puerto de Santa María is a city within the province of Cádiz, it is the fifth most populated municipality in the province and the 15th in Andalusia. Its main economic activity is the tertiary sector, highlighting mainly the tourism and services sector.
The project is located on the San José del Pino land located in front of Vallealto, on the edge of the Rancho Linares pine forest. A privileged place for its wide green areas that is also known as 'Puerto Alto'. Enjoy a situation with direct access to the N-IV motorway from the “501” roundabout. The project is located 5 minutes from the city center and 7 km from the beach area.
The promoter of this opportunity, CARPIO CAPITAL , is a Madrid real estate company with developments in the Cadiz area. Its managers have a professional experience linked for more than 30 to the real estate field both nationally and internationally. Within the documentation area you can find information about the promoter.
The project has a capital gains strategy , which consists of an alliance with the developer to develop the complex 16 free homes, intended for first homes. The developers have signed a purchase option with the land owners. The building permit will be requested once the financing objective has been reached (September-October 2020), and it is expected to be definitively obtained by the end of the year. It currently has reserve contracts signed with 11 buyers . At the time of obtaining the license and purchasing the plots, such reserves will be formalized in a private contract.
The proposed promotion consists of 16 houses organized in two rows of 8 semi-detached houses. All the houses have the same type of 3/4 bedroom and 4 bathrooms. They have parking spaces on the same plot and a private garden area. Each house has approximately 135 m2 built.
The operation will be structured through a company already established exclusively for this project by the developer. In this company, a capital increase will be carried out where both the promoter and the Urbanitae investors will contribute the necessary capital to support the purchase of the 16 plots and the other non-bankable expenses by the bank. The operation has already been presented to the same financial entity that has financed phase I of the project and presented its interest in opting to finance this second phase, once the purchase of the plots is made, the building license has been obtained and the has reached a sales level that will range between 10-14 units.
The promoter will be dedicated to the integral management of the development and will also be an investor in the project, contributing around 16% of the total investment capital (100,000 euros). Said contribution will be made in an act unit together with the capital increase that will give entry to Urbanitae investors.
There are several reasons to invest in this project:
The developer expects to generate a total income of 3,268,354 euros with the sale of the 16 homes, which would mean an estimated net profit for the investor (after expenses and taxes) of around 43%. Currently it has reserved more than 60% of the total of the houses , which represents more than 62% of the total volume of income expected by the developer.
A variable remuneration structure has been proposed with the promoter. It is a successful commission in favor of the promoter; If the project's annualized net Internal Rate of Return exceeds 22%, the excess will be distributed in proportion to 65% for the Promoter and 35% for Urbanitae investors. Said remuneration will begin to accrue when the financing objective set in the project is reached.
A market study has been carried out to determine if the sales prices raised by the developer are reasonable. Given the complete sale of the first phase, the developer has a portfolio of potential clients who could not access a home reservation (11 reserved units), the developer does not foresee great difficulty in selling the other six remaining homes. According to the degree of progress in the construction of the first phase, the developer hopes to formalize new sales. You can see more information in the documentation, " Sales witnesses ", where you will find a list of homes for sale in the area.
There are currently several promotions going on. There is no similar witness of new construction in the area for this type of semi-detached house.
The estimated term of this project is 24-26 months .
The anticipated terms of the promotion are as follows:
It is important to bear in mind that in any real estate development the terms can vary both upwards and downwards.
All investments carry risk. We detail the clearest risks we have identified for this project:
Warnings and Risks
Urbanitae Real Estate Platform PFP (Urbanitae) does not hold the status of an investment services company or a credit institution and is not attached to any investment guarantee fund or deposit guarantee fund. The information published by Urbanitae Real Estate Platform PFP on its Website is for informational purposes only and in no case may it be considered as recommendations to investors.
The participatory financing projects published by Urbanitae on its Website are not subject to authorization or supervision by the National Securities Market Commission or by the Bank of Spain, therefore, all the information provided by the promoter in relation to the projects has not been reviewed by them.
Urbanitae expressly informs that, in the event of non-compliance with the total investment volume of the project, the term for the capture may be exceeded by up to 25%, maintaining the same investment conditions. Likewise, the project may be financed by Urbanitae when at least 90 percent of the financing objective has been reached, after discounting the participation in the project that the platform itself may have. All of this in accordance with the provisions of Article 69 of Law 5/2015 on the Promotion of Business Financing.
The investment in the projects published on this Website may entail certain risks, such as the risk of total or partial loss of the capital invested, of not obtaining the expected monetary return or lack of liquidity. Therefore, we advise investors to only invest an amount that they are willing to lose and suggest that they diversify their investments to minimize and mitigate potential risks. In the event that the promoter is unable to return or remunerate the funds received, Urbanitae will not return their investment to investors.
Carpio Capital is a real estate developer specialized in two domains: the construction of real estate development projects and the rehabilitation of properties. They are specialized in searching for land in selective and strategic areas to build real estate development projects. Its managers have more than 30 years of experience in the sector, both at national and European level.
|20.09.2022||Paid||No||04 January 2023, 11:49|
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