EvoEstate Risk rating is of
an informative nature only
& can not be considered
Purpose of the loan
We have decided to continue listing projects from Civislend due to the request of the investors.
Financing of the work of Residencial TOSCANA, a 32-story new construction project in Córdoba Capital. It is currently in the construction phase with more than 75% completion of work and 100% of the homes sold with payments on account of 20% of the total price. It is located in the Vial Norte area, next to the “Santa Rosa” neighborhood. A unique enclave of the Cordovan capital. 3 and 4 bedroom apartments with large covered terraces in all homes. Magnificent community space with pool and solarium area. Children's play area located within the urbanization. All the apartments have a garage and a storage room.
Urban plot in Córdoba capital
Poeta Luís Jiménez Martos Street 2 (14007 - Córdoba, Córdoba)
Contribution of the promoter's own funds to the project
Asset purchase price
Asset appraised value
• Promise of mortgage and irrevocable powers of attorney to constitute mortgages if necessary on the properties equivalent to the financing percentage of phase II
• Purchase option for 80% of the appraised value on the farms equivalent to the financing percentage of phase II to be registered in the Property Registry in order not to allow the sale before the loan is canceled.
• Guarantee of a group company
Although the total duration of the loan is eight months, the developer can make a total amortization before month four from the beginning, although he will have to pay the interest corresponding to the full four months
If you make an early repayment after month four, it may be partial or total. If it is partial, it must be for an amount greater than € 100,000. Amortization after month four will only include the ordinary interest accrued to date
From the moment an investor formalizes his participation in a project, he is accepting the risk and return 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 principal of the loan.
At Civislend we work to minimize the risks of investors registered on our platform, exhaustively analyzing and filtering projects so that we only publish projects that meet demanding quality and solvency criteria that maximize compliance with commitments with investors.
Civislend functions as a meeting point between promoters and investors, but is not responsible for the success or failure of a project, or for the profitability obtained by the investor.
Before publishing the promoters' proposals, our team of professionals rigorously and exhaustively evaluates each of the projects presented to minimize the risks for investors. For added security, additional review of projects is also carried out by external professionals and independent from Civislend.
Relationship between the promoter and the beneficial owner
In the case of the Toscana project, since it is financing for development already with advanced construction and given the pre-existing business organization of the promoter group, the creation of an independent company for the project has not been required.
Difference between the promoter and the real 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 beneficial owner and the risk that it may be affected by events unrelated to the project itself is reduced.
Real estate projects organized in this way are in accordance with current best practices applied by banks when financing real estate developments.
Grow-ing Ibérica, SL is one of the companies that operates under the commercial name of Nuovit Homes. It is a company specialized in the promotion, development, investment and management of real estate assets. The management team has managed real estate projects for the last 25 years with a total investment of more than € 1,197 million, with a market value of € 1,552 million.
Some Nuovit Homes projects
Nuovit Homes operates mainly in Andalusia. Specifically in the provinces of Malaga, Granada and Córdoba. Some of the promotions they have are:
VIEW - MÁLAGA ELEVEN - MÁLAGA
LAKES - GRANADA LIMONAR - MÁLAGA
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