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Plaza de Nadal V

PROJECT SUMMARY

  • Purpose: to finance the associated costs for the refurbishment of a building of 6 high-rise flats.
  • Location: San Andreu, Barcelona (Spain).
  • Type of opportunity: loan.
  • Type: fixed rate.
  • Scoring: AA
  • Guarantee: First-rank mortgage guarantee registered in the land registry.
  • Loan To Value (LTV): 69,96%.
  • Nominal annual interest rate: 9%.
  • Opportunity profitability: 2.25%.
  • Maturity: 3 months.
  • Type of capital repayment: at maturity.
  • Interest payment: quarterly.
  • Licence: granted on 14/02/2023 by Barcelona City Council.
  • Sales: 2 of the 6 homes (33,33% of the development) has been sold.
  • Reservations: two of the six homes has been sold (33,33% of the development has been sold).
  • State of works: The construction is progressing as expected and the rehabilitation work continues. Since the financing of the previous phase, the work has advanced to 71.47%.
  • Minimum investment: €300.

PROJECT

We present Plaza de Nadal V, the las phase of a project with a first-rate mortgage guarantee that consists of financing the costs associated with the refurbishment of a building with 6 high-rise flat at 33 Sant Ildefons Street in the central district of Sant Andreu in Barcelona (Spain).

The total built-up area is 471.93 m2.

The building will be distributed as follows:

  • ground floor with a garden.
  • first floor, 2- and 3-bedroom flats.
  • second floor, penthouses with terraces.

The building permit was granted on 14/02/2023 by the Barcelona City Council. 

This loan of €180,000 corresponds to the final tranche of a €1,480,000 project..


FINANCIAL OVERVIEW

Image gallery


Floorplan


DESCRIPTION OF THE MORTGAGE COLLATERAL

The property provided by the developer as a mortgage guarantee is the property subject to this project located at 33 Sant Ildefons Street, Sant Andreu, Barcelona (Spain).

According to the appraisal certificate carried out by Valum on 15/05/2024, the current mortgage value/appraisal of the described property amounts to €2.115.237,07.

Therefore, the appraisal of the mortgaged property over the loan is 143% (mortgage value €2,115,237.07 / loan amount €1,480,000). The project's LTV (Loan To Value) is 69.96% (loan amount €1,480,000 / current appraisal value €2,115,237.07).

The estimated value of the property in its completed state according to the comparison method amounts to €2,852,537.78.


GUARANTEE AGENT

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.


DEVELOPER

The promoting company of the project, Crawley Market S.L., a subsidiary of Ascendo S.L., is a company linked to the construction sector with a group of professionals with a long history in real estate development and the construction of both non-residential and residential buildings. The promoting company has a share capital as of 31/12/2022 of €3,000 and equity as of 31/12/2022 of €5,176.60.

The promoting group of this project (Ascendo S.L. and Crawley Market S.L.) has already financed the Villar Barcelona project on Housers, which has already been fully repaid to investors.


PROJECT MONITORING

The monitoring company PROYECTOS CIGA will carry out the monitoring of this project, having permanent control of the destination of the capital provided by the investors and delivering this capital to the developer according to an agreed schedule after delivery of justification of compliance with certifications. To this end, the developer and the monitoring company will open a escrow account where the funds financed by the investors will be transferred in such a way that each provision to the developer must be justified to the monitoring company and therefore the full amount of the loan will not be delivered to the developer at once.


AREA

The building is located in the historic centre of the old town of Barcelona (Spain), within the district of Sant Andreu.

The area is perfectly conditioned with services and shops and with good accesses as it is close to the streets of Gran de Sant Andreu and Rambla de Fabra i Puig, streets with great economic activity. Very close to the building are the metro stations of Onze de Setembre and Fabra i Puig and the suburban stations of Sant Andreu Arenal (R3, R4 and R7) and La Sagrera (R3, R4 and regional).

It is also located close to Plaça de Nadal and Pegaso Park.


PROJECT FEE

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 7% + VAT being the commission financed within the opportunity.


WARNINGS

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 authorisation 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.

By 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 that related persons, by 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 contract signed for that law, prior to the entry into force of the European Regulation.


RISK

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 investors of the risks they will run when investing in this project:

Risk of total or partial loss of the invested capital: the main risk associated with any type of investment is the total or partial loss of the money invested, as well as the probability that the return obtained, will be lower than expected or estimated. In general, the higher the return on an investment, the higher the risk.

Risk of not obtaining the expected financial return: there is no such thing as a safe investment. There is always a risk of losing everything invested or of not obtaining the expected financial return. Investments are based on future expectations that may not necessarily be realized, so the expected financial return on the investment may never occur or may occur differently than expected.

Operational risk: failures or problems in systems, people or operational flows can have a significant impact on the investment. In any activity in any market, there is always an operational risk.

Inflation risk: the possibility of rising inflation may cause the return on investment to decline due to the inevitable loss in the value of money in such circumstances.

Risk of Lack of liquidity: investing in this project may mean that the investor may not be able to dispose of the money invested when needed, having to pay attention to the estimated timeframe for the liquidity of the investment and obtaining the corresponding return.

Risk of not being able to influence the management of the developer: investors, as borrowers, like any other person outside a commercial company, have no right to influence the management of the developer or its assets unless this is provided for in the investment contract, and the investment contract may influence the developer's management of the developer.

Fraud risk: as in any other economic operation, there is a risk of fraud due to improper use of the money obtained for the project. To minimize this risk, the drawdowns of the loan amount that are delivered to the developer will be made using a company external to Housers that will check the progress of the project, making the drawdowns to the developer according to a calendar of drawdowns and after administratively verifying the fulfilment of each earlier milestone of the calendar. The amounts of the loan not drawn down by the developer while waiting to reach the next milestone of the drawdown calendar will always be in the Housers Account of the developer in the payment entity used by the platform ("Lemonway") until the developer requests the drawdown, which will be authorized by the monitoring company if the developer meets the requirements established by the monitoring company.

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.


Location


Barcelona | 1 building
ES
Phase:
Funding
48,692 € (27.05 %)
180,000 €
69 Investors
58 days left
Term:
3 months
Type:
Development loan
LTV:
69.96 %
Annual yield:
9.00 %
Total yield:
2.25 %
Minimum investment:
300 €
I want to invest

Funding started

June 5, 2024