Princesa

Magnificent DEVELOPMENT LOAN opportunity in the center of the capital: 8% in 12 months! 

Type of opportunity: Loan.                                                Modality: Development Loan¹. 

Princesa is a great development loan opportunity that consists of the concession of a loan to a project developer for the segregation of a house in two on Princesa Street, one of the largest arteries of the capital and one of the most commercial areas in the city. 

Key Points to keep in mind: 

• The residence is already purchased. 
• Several banking entities have already shown interest in financing the construction. 
• It is a development loan opportunity; therefore, you will not have to wait for the sale of the apartments, you begin to obtain income from the first month until the project developer amortizes the entire loan. 
• The interest is of 8% in only 12 months! 
• The project developer provides a corporate guarantee whose detail is found in the Project Developer's Report. 
• The scoring of this opportunity is C. To know all the information about this system, click here. 

The project has a total of 281 m² where two apartments will be built with the following distributions: 

• One of them will be exterior with 177 m² distributed into a living room of 45m² with separate kitchen, two bedrooms with bathroom, a toilet and a third room with a large dressing room and bathroom with sauna and jacuzzi. 
• The second apartment is 104 m² with a large living room with integrated kitchen, three bedrooms with bathrooms plus an outside toilet. 

The apartments are located exactly on Calle Princesa, 61, the main street in Madrid that stretches from the Plaza de España to Moncloa where we can find the Arco de la Victoria, the General Headquarters of the Air Force and the Moncloa Lighthouse. Without a doubt, it is one of the most privileged places to live in Madrid. 

In Plaza de España we can find two of the most recognizable buildings in the city, such as the Torre de Madrid and the Edificio España. The square and gardens will be completely remodeled, so it will be revalued considerably. 

This neighborhood is the home to the University City, where most of the faculties and colleges of the Complutense University of Madrid and the Polytechnic University of Madrid are located, as well as more than thirty colleges and facilities of the National University. In this same area, we can also find the Moncloa Palace, seat and official residence of the President of the Government of Spain. 

The developer is KOTA CONSTRUCCIONES Y CONTRATAS SL, a company dedicated to investing in real estate mainly in the city of Madrid. Established in 2009, it has 9 years of experience with the corporate purpose of contracting and executing all types of works, both public and private promotion of all kinds of real estate. 

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. 

Get a unique project in a highly sought-after area of the capital! 

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 1 (this) project on the platform, which entails an additional risk of concentration. The promoter has limited own resources so that his responsibility in the project is limited to 3,000 euros (However the company has € 400,000 pending subscription, which comes from the contribution of the partners, see EEFF of the borrowing company in the section of Documentation). However, there is an additional guarantee that you can consult in the Promoter's Report. An estimate has been made of the commission to be charged to the investor, for an average investment of € 1,000 for which Housers would charge € 0.66 per month during the first year of project life. The maximum term to invest in this opportunity may be lengthened by an additional 25% to the term initially foreseen, in accordance with the Law for the Promotion of Business Financing. Likewise, HOUSERS may close the financing of this opportunity/project closed when it has been financed by 90%. 

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

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