Picasso

New opportunity for you to earn monthly income: 8% in 12 months!

Type of opportunity: Loan. Modality: DEVELOPMENT LOAN¹

Picasso is a great development loan opportunity that consists in the granting of a loan to a project developer for the acquisition of the land, in a neighborhood in full expansion as is the Cañaveral, in Madrid.

Key Points:

• The project has already been drafted.
• It complies with the ordinance of the area and the license has already been requested.
• 74% of homes are already sold (26 of 35).
• Several banking entities have already shown interest in financing construction.
• It is a development loan opportunity, therefore, you will not have to wait for the sale of the homes, you start earning income from the first month until the developer repays the entire loan. The yield is 8.00%² in only 12 months!
• Remember that you can always as an investor, get in touch with the rest of investors to sell your investment in the Marketplace³.

The residential development will be located exactly on Avenida Fueros, between the neighborhoods of Coslada and Vicálvaro, a new residential area where you can invest and earn monthly income!

The area of El Cañaveral is in full expansion and most of it is already urbanized, with several projects in sight. The area is well connected to the center of Madrid and the other neighboring municipalities. It is an area with several schools and buildings projected in the urban plan in order to become a residential area for families and young people work in the city of Madrid.

On one side of the Cañaveral we have the district of Vicálvaro, a neighborhood located in the southeast of the Spanish capital. A university area given that the Rey Juan Carlos University is located there, one of the most important and largest in Madrid.

On the other hand we have the municipality of Coslada, another of the areas of Madrid with greater urban expansion of the capital. A municipality well connected with the center of Madrid and with the adjoining municipalities thanks to public transport and the proximity of the main roads of the city.

The project has a total of 35 apartments spread over 12 floors:

• Between the 1st and 5th floor, there are a total of 8 housing units of 90 to 160 m² with 2, 3 and 4 bedrooms.
• All with two bathrooms, kitchen, and a large living room.
• The houses will have a terrace of 50m² each.
• The last floor has two houses in a duplex with four bedrooms and three bathrooms.
• Common areas with a swimming pool, garage, storage rooms and paddle tennis court.

The project developer is ANNURA whose real estate is sold through COMARTOS, a company founded in 1969, specializing in Housing Promotion in the Community of Owners and Cooperatives Regime with more than 40 years of experience and more than 1,000 projects.

In addition, it is important to know that GOC will carry out the monitoring of this type of projects so that there will be a permanent control of all the capital contributed by the investors.

It is the opportunity you were looking for to invest in new built in Madrid!

Risks and warnings: Housers is not a credit institution nor an investment services company. Investment in projects published by HOUSERS is not covered by any investment fund. This project has not been supervised by the CNMV, the Bank of Spain or any other regulator, Spanish or foreign. The information provided by the promoter has not been reviewed by the CNMV nor is it a prospectus approved by the CNMV. Housers does not provide financial advice, so nothing on this website should be interpreted as such. The investment in this project involves the following risks: risk of total or partial loss of the invested capital, risk of not obtaining the expected cash yield and risk of illiquidity to recover the investment; subordinate character of the loan, in particular to the mortgagee, in those cases in which the acquisition of the property object of the project is financed additionally by means of loans with mortgage guarantee. The expressed profitability is based on mere estimates of the future evolution of the amount of real estate prices, which may or may not occur. The promoter accumulates 0 projects on the platform, which does not entail an additional concentration risk. The promoter has limited own resources so that his responsibility in the project is limited to € 4,650 (Sociedad Cooperativa). The commission charged by Housers is included in the loan amount. The maximum term to invest in this opportunity may be lengthened by 25% in addition to the term initially foreseen, in accordance with the Law for the Promotion of Financing business Likewise, HOUSERS may close the financing of this opportunity/project closed when it has been financed by 90%. 

1 Development Loan: Loan at fixed rate for 12 months to the real estate developer where interest is distributed monthly and the principal is amortized at the end of the project.

2 Fixed annual interest on the loan. Although the interest is not guaranteed, there is an additional guarantee provided by the developer. For more details see the Report of the Promoter.

3 The contact between investors in the CCD, as well as the possible formalization of the sale, should be done separately without any intervention of the platform and in accordance with the provisions of the general regulations that affect the transmissibility of the instrument.

Location