We present Alicante II, the second tranche of a fixed-rate project with a first-rate mortgage guarantee that consists of financing the associated costs for the construction and development of a four-storey building (24 homes), communal areas, swimming pool and basement car park in Orihuela, Alicante (Spain).
The distribution of the dwellings will be as follows:
Green areas and playgrounds around the plot, a large swimming pool (including a children's area and jacuzzi), relaxation/barbecue area in front of the pool. Fitness area, coworking area, toilets.
The total built area of the development is 2,495.92 m2.
Part of the amount of this loan will go towards the purchase of the land that is the object of this project.
The building permit has been approved by the Orihuela Town Hall on 24/01/2023.
This loan of €420,000 corresponds to the second tranche of a project of €3,330,000, the final maturity date of which is 14 March 2025. The duration of this tranche is estimated and is conditional on the time during which the loan for this phase of the project is being financed and, consequently, the mortgage guarantee is novated to that of the previous tranche, since, as it is a single project, the maturity date will be the same for all the tranches of the project. Five tranches of the project are foreseen.
The mortgage collateral provided by the developer is the 24 dwellings which are the object of the project located in Orihuela, Alicante (Spain).
According to the valuation certificate issued by Valum Instituto de Valores dated 17/11/2023, the current mortgage/valuation value of the described property amounts to 3,228,929.82 €.
Therefore, the valuation of the mortgaged property on the loan is 156% (mortgage value 3.228.929,82 € / loan amount 2.070.000 €). The LTV (Loan To Value) of the project is XX% (loan amount €2.070.000 / current appraised value €3,228,929.82). The estimated value of the property in a completed scenario according to the comparison method amounts to € 9,433,106.83.
The Guarantee Agent chosen for this project is Collateral Gestión S.L., a professional firm with experience in financial sectors that provides advisory services and fiduciary services in the issuance of bonds, guarantees, or other securities. Collateral Gestión S.L. is not affiliated with any financial services group.
The developers of the project are Mira Viva Life S.L.U and Mira Innovation Plus S.L., companies belonging to the construction sector in the field of building both new construction and refurbishment, rehabilitation, and maintenance of buildings. The development company is also responsible for the processing of licenses, execution projects, construction work, and the legalization of buildings.
Mira Viva Life S.L.U. and Mira Innovation Plus S.L. are a group of professionals with numerous projects and has owned funds of 3.000 € at 31/12/2022.
In the future, the developer may apply for other loans through the platform to obtain financing for the implementation of other projects, within the legal limits and provided that its financial situation allows it. The company's future leverage may therefore be higher.
The company that will carry out the monitoring of this project will be CIGA, having permanent control of the destination of the capital contributed by the investors and delivering this capital to the promoter according to an agreed schedule after delivery of justification of compliance with certifications. To this end, the Platform will take the necessary steps to open the account of the opportunity in the collaborating payment entity (Lemonway), the holder of which will be the company promoting the Participatory Financing Offer. The funds will be made available through the verifying company by means of a schedule of payments in which all the project expenses to be met by the promoter will be duly justified.
The plot is located in the urbanization of Las Lomas de Cabo Roig in Orihuela Costa, only thirty minutes from the Alicante and Murcia airports, it is also connected to the Mediterranean motorway. Cabo Roig is an exclusive residential area that offers one of the most appropriate environments to enjoy its numerous landscaped areas, marinas, and protected beaches, as well as recreational and sports areas in the area.
The gastronomic offer in the area is of high quality and variety, as well as leisure and shopping areas, such as the shopping center ''La Zenia'' which is only five minutes away from urbanization. The golf courses of Campoamor, Golf de los Romeros, Las Ramblas de Orihuela, and Las Colinas Golf & Country Club, as well as other courses such as La Peraleja and La Torre, surround the urbanization.
We can also find the natural park of the Salinas de San Pedro, and other places of tourist attraction (La Torre de la Horadad, Torrevieja, Santa Pola, and the town hall of Orihuela among others), as well as the offer of international schools in the area.
Housers will not charge any fee to the investor for this opportunity. The developer will be charged a fee that is determined based on a % of the funds raised for the project, provided that the project is successfully closed, i.e., that the funding target published on the platform is reached. In case it is not successfully closed, Housers will not charge this fee. Once the campaign is finished and as a previous step to the delivery of the money to the developer, this commission is deducted from it in favour of Housers. It does not affect the final profitability obtained by the investors, since the developer is the one who assumes its cost. In this opportunity, Housers' commission is 6% + VAT being the commission financed within the opportunity.
Housers complies with Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European providers of equity finance services for businesses, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937 and is authorised by the CNMV as a Participatory Finance Platform registered under number 20.
Housers is not a credit institution or an investment services company. It is not a member of any investment guarantee fund or deposit guarantee fund. Therefore, the invested capital is not covered by these funds.
Housers is neither a credit institution nor an investment services company nor does it supply financial advice, so nothing on this website should be interpreted as such. The information on this page is for general information purposes only and does not constitute specific advice.
The participatory financing projects published on the website are not subject to authorization or supervision by the Comisión Nacional del Mercado de Valores or the Bank of Spain or any other national or foreign regulator. The information provided by the developer has not been reviewed by the CNMV and does not constitute a prospectus approved by the CNMV.
The developer of the project is responsible to investors for the information it has provided to the crowdfunding platform for publication within the project on the website. The information shown has been prepared by Housers based on available information provided by the developer. Neither Housers nor its collaborating companies or suppliers accept responsibility or liability concerning the accuracy or sufficiency of the information referred to in the project. The statements or declarations with future projections refer exclusively to the date on which they were expressed, they do not form any guarantee of future results.
Both the financing aim and the maximum term to invest in this opportunity may be extended by an added 25% to the initially planned term, following Law 5/2015, of 27 April, on the promotion of business financing. Likewise, Housers will be able to close the financing of this opportunity/project when it has been 90% financed. These possibilities that the legislation offers to the platform will be used when the typology and characteristics of the project make it advisable so that the execution deadlines are not prejudiced. You can find more information here.
In accordance with Law 5/2015, of 27 April, on the promotion of business financing, regarding the participation of Participatory Financing Platforms or their related persons in projects published on its website, it is reported that this project is susceptible to related persons, in accordance with Housers' Internal Rules of Conduct, may acquire the status of investors and therefore lenders. The final amount and participation of these persons will be informed to all investors of the project once the financing of the project has been completed.
The references to law 5/2015 are as a consequence of being a tranche of a project contemplated under a loan agreement signed for that law, prior to the entry into force of the European Regulation.
Before investing in this project, the investor must know the risks of his investment: Housers recommends carefully reading the Basic Information for the Investor.
In compliance with article 2.1 of Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European providers of equity crowdfunding services for businesses, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937, Housers hereby informs the investor of the risks that he/she will incur when investing in this project:
The invested capital is not guaranteed by the investment guarantee fund or the deposit guarantee fund.
Investment in real estate should be conducted as a diversification strategy of a larger portfolio, and investment in projects published on the Housers platform is not recommended for people who do not have sufficient knowledge to understand the risks of investing in projects published by the crowdfunding platform.
November 17, 2023