LES CORTS II

 Development loan
Project listed: 14.10.2020
Valencia,
Spain
52 353.00 €
Raised Of 200 000.00 €
9%
Annual yield
Term: 24 months
Interest payment schedule:
Monthly
Invest:
Interest payments
20.12.2020
Pending

Project updates

Login to subscribe on project updates

Ask a question

@
Allowed characters: a-z, 0-9. Min 3 characters
${question.length}/${maxQuestionLength}

Risk rating

CriteriaRating
Macro Location AnalysisB+
Financial CostD
Purpose of the loanB+
Development's licenceA+
PresalesD-
Mortgage GuaranteeC+
Project MarginA+
EvoEstate Risk rating is of an informative nature only and can not be considered investment advice.
Project rating
B
Originator rating
B

Descripton

THE OPPORTUNITY

Type of opportunity: Loan

Modality: Development Loan1

Profitability: 18%2 in 24 months (9% in 12 months)3

 

We introduce you to Les Corts II, a new development loan opportunity1 consisting of granting a loan to a developer to finance the purchase of land and the associated costs for the construction of 15 apartments in Torrent, a town in Valencia.

The second stage of a project of 400.000 euros(a total of two phases is foreseen).

 

REASONS TO INVEST IN LES CORTS II

- Prime location close to the city of Valencia;

- The developer has extensive experience;

- The scoring for this opportunity is BBB

 

 

LOCATION

The project is located in Torrent, a municipality in the Valencian Community.

Highlights of the location:

- Torrent is 9 km away from the capital city of Valencia, at the foothills of the Vedat de Torrent and 15 km distance from the beach;

- It is the second most populated municipality in the Valencian region, behind the capital;

- The plot is situated on a quiet street with low traffic, in an area centrally located and well connected where you can find a wide array of shops, services and numerous green areas in the surroundings. 

 

 

THE PROJECT

The opportunity entails the construction of a building with 15 apartments and 16 parking spaces. The building, with a total built area of 1,858.02 m2, will be distributed as follows: 

 

Ground Floor

- 3 apartments with 3 bedrooms, 2 bathrooms, kitchen and living room. 

First floor

- 3 apartments with 3 bedrooms and 2 bathrooms, kitchen with a clothesline and living-dining room;

- 1 apartment with 2 bedrooms and 2 bathrooms, kitchen with a clothesline and living-dining room. 

Second floor

- 3 apartments with 3 bedrooms and 2 bathrooms, kitchen with a clothesline and living-dining room; 

- 1 apartment with 2 bedrooms and 2 bathrooms, kitchen with a clothesline and living-dining room. 

Third floor 

- 3 apartments with 3 bedrooms and 2 bathrooms, kitchen with clothesline, living room and terrace;

- 1 apartment with 2 bedrooms and 2 bathrooms, kitchen with clothesline, living room and terrace.

 

THE PROJECT DEVELOPER

The developer is HABITATGES GERMANIES TORRENT S.L., whose mission is the search for excellence in all types of real estate projects, generating, projecting and promoting solutions so that people can meet their personal and professional needs.

Finally, it is important to know that GOC carries out the monitoring of these types of projects, so there will be permanent control of all the capital contributed by the investors.

 

___________________________________

 

 

 

 

Risk informationHousers is neither a credit institution nor an investment services firm. Investment in projects published by HOUSERS is not covered by any investment fund. This project has not been supervised by the CNMV nor by the Bank of Spain or any other regulator, Spanish or foreign. The information provided by the developer has not been checked by the CNMV nor does it constitute a prospectus approved by the CNMV. Housers does not provide financial advice that nothing on this website should be construed as such. The investment in this project involves the following risks: risk of total or partial loss of invested capital, the risk of not obtaining the expected monetary return and the risk of illiquidity for recover the investment. The project developer accumulates 1 project in the platform, however, two other companies of the same group (Proyectos Atlapa S.L. and Proyectos Wiclaro S.L.) act as development companies for two other projects (Urbania I and II; and Médico Esteve), which might result in additional concentration risk. This €200,000 loan is the second of a total of 2 phases out of a total of €400,000, which could result in additional concentration risk. The project developer is responsible for the information it has provided to the participatory finance platform for the project on the website. The promoter has a share capital as of 31/12/2019 of 3,006€ and equity at 31/12/2019 of 3,006€ so that its financial responsibility regarding the project is limited to this amount. VALPA HOMES S.L., whose equity at 31/12/2018 was €194,499.75, and VALPA PROYECTOS S.L.U, whose equity at 31/12/2019 was €471,676.75, were established as guarantees (for more information, please consult the Legal Info Promoter document). Housers' commission is financed within the project. Therefore, it is the investor who supports the Housers' commission. Both the funding objective and the maximum term to invest in this opportunity may be extended by an additional 25% to the initial term, in accordance with the Law for the Promotion of Business Financing. Likewise, HOUSERS may consider the financing of this opportunity/project closed when it has been 90% financed. These options provided to Housers by the legislation will be used when the typology and the characteristics of the project suggest it, so that the financing can be lower than the required and the deadline is not affected.

1) Development Loan: 24-month fixed-rate loan to the real estate developer where interest is distributed monthly and the principal is amortized at the end of the project. The interest is not guaranteed, but the developer presents additional guarantees.

2) It is the total return on investment. It takes into account the total term and the annual fixed interest agreed by the promoter. See the loan information for more info. 

3) It is the annual return on investment. It takes into account the 12-month term and the annual fixed interest agreed by the promoter. For more details see the Promoter's Report. 

4) According to article 68.2 of Law 5/2015 for the Promotion of business financing, "The maximum amount of fundraising per participatory financing project through each of the participatory financing platforms may not exceed 2,000. 000 euros, being possible the realization of successive rounds of financing that do not exceed the aforementioned amount in the annual calculation. When the projects are directed exclusively to accredited investors, the previous maximum amount may reach 5,000,000 euros".

Project originated by:
Housers charges 10% revenue fee. Additionally income tax is withheld (Spain 19%, Portugal 25%, Italy 26%). If your country has double taxation treaty - you do not have to pay income tax in your home country.

Documentation

52 353.00 €
Raised Of 200 000.00 €
9%
Annual yield
Term: 24 months
Interest payment schedule:
Monthly
Invest:
Interest payments
20.12.2020
Pending
Get emails about all
HOUSERS
projects