Update from the originator:
A new document regarding the project's progress has been added to the document section.
|Criteria||From a+ to d||Project rating|
Macro Location Analysis
EvoEstate Risk rating is of an informative nature only & can not be considered investment advice.
The GROINVERSIA group presents Edifici Pi i Margall, the second stage of this investment opportunity in Sant Boi de Llobregat (Barcelona). It is a new construction building in the center of the city, very close to the town hall as well as the Ferrocarriles de la Generalitat station in the city.
The developer will build 16 homes with the best quality materials, elaborate design and with the latest construction trends that will allow the entire building to enjoy an A energy rating. The houses will have the possibility of acquiring parking with direct access to the house.
Sant Boi de Llobregat is one of the most notable cities in the Barcelona metropolitan area, both for its strategic location, 15 km from Barcelona and 6 km from El Prat Airport, and for its architectural and natural heritage. In Sant Boi there are the most well-preserved Roman period baths in Catalonia, as well as the Colònia Güell, the work of Gaudí, located in one of the city's neighborhoods, among many other attractions.
With a target of 250,000 euros (intended to finance the project works), you can participate in a fixed interest loan with quarterly interest payments, capital amortization at maturity and a total return of 8%, a maturity term of 11 months.
With a minimum investment of 500 euros, you can participate in this opportunity that offers you excellent benefits.
You will not have to wait for the sale of the property to obtain returns!
The GROINVERSIA team, through Groinversia Ibérica SA, offers, for more than 15 years, innovative solutions in building engineering and Real Estate. The company, focused on building, residential development and rehabilitation projects, takes advantage of the synergies of the five companies in the group by promoting innovation and technological development through a young and dynamic team.
Its figures include more than 13 million accumulated investment in projects, more than 12 million euros invoiced in the last 3 years as well as more than 250 homes distributed in different real estate developments and renovations.
The brand new promotion of new construction of the Edifici Pi i Margall, in the heart of Sant Boi, will involve the construction of 16 new high-class homes for different types of family units. 2, 3, and 4 bedroom homes are planned, with the possibility of parking for each of them. Four units have already been sold.
The developer will use the highest quality materials and incorporate all the comforts to create comfortable homes that will consist of parquet, heating, design finishes and a type A energy rating. The building is in full swing with 70% of the work completed, 4 units sold and delivery of keys is expected from the third quarter of 2021.
Sant Boi is a medium-sized city with just over 80,000 inhabitants, with all the comforts of a city of this size in terms of restaurants, schools, hospitals, shopping centers and other facilities. The town has enjoyed sustained growth over the last 40 years and currently, like a large part of the cities in the Barcelona suburbs, it meets the demand of more and more families who want to go live in a quieter place and close to nature. but that allows you to quickly reach the Catalan capital.
Its location, just 6 km from El Prat Airport, 15 km from the center of Barcelona and perfectly connected to the entire metropolitan area both by road and public transport, has made it an ideal place to live in the current circumstances. It also sits in a natural environment dominated by the Delta of the Llobregat river, which gives it the particularity of having more than 60% of agricultural land.
Its cultural heritage, with the Roman baths or the Colònia Güell, among others, are the icing on the cake for a city with a great future, and which still offers competitive prices for its homes compared to the rest of the metropolitan area.
The loan is presented as a very attractive investment opportunity:
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 closed successfully, that is, the published financing objective 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 2.54% + VAT is charged.
Payment gateway fee : It is the fee charged by StockCrowd IN for intermediation with the provider of the payment gateway and custodian. The promoter or manager makes the payment of 1% on the maximum amount of the financing objective that can be reached in the campaign. In the event that the campaign does not reach the financing objective, the Promoter will be paid the proportional part of this fee with respect to the amount of the maximum financing objective not reached. Also, in this 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 the financing, political risk, risk of rising rates, risk of lack of liquidity to recover capital invested, subordinated nature of the loan (particularly against the mortgagee, in those cases in which the acquisition of the property that is the object of the project is additionally financed through loans with a 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 can also be a general drop in property prices due to a multitude of factors.
Mitigation: The promoter 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.
Risk of rising interest rates: Increase in the cost of financing in the purchase of real estate (mortgages). Which would push down the demand of the housing market.
Mitigation: The most reputable economists predict that the European Central Bank will not raise interest rates drastically this year. And the rise 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 very consolidated and exclusive area, it does not have a direct influence, allowing this risk to be significantly reduced.
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 up to 25%. If the opportunity has reached at least 90% of the funding target, it can 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 bear in mind that there is no safe investment, and as in any investment, there is always the risk, not only of not obtaining the expected returns, but of losing all of the invested. There may be a bankruptcy or bankruptcy on the part of the promoter or that the estimations of your business plan are not met for various reasons.
Mitigation: StockcrowdIN performs a risk analysis of both the promoter and the opportunity. It is studied that the promoter is up-to-date with payments with AEAT and TGSS and that it is not registered in the RAI. Likewise, it is studied that no information has been registered on claims of the Public Administration, or lawsuits and that the company deposits its accounts with regularity.
Risk of fraud: It should be noted that there may be a risk of fraud due to misuse of the money obtained for the project. There may be a fraudulent use of money from any real estate operation.
Mitigation: In accordance with the Law for the Promotion of Business Financing 5/2015, StockcrowdIN requests a criminal record and an Honorability Test of 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 they do not have access. It is also required that every two months, the promoter reports on the use of the money and therefore the evolution of the project. You are also required to keep analytical accounts of the project and separately.
StockcrowdIN is a crowdfunding platform that is not covered by investment or deposit guarantee funds. The projects are not subject to supervision by the CNMV or by 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 undergo modifications in the course of operations.
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