Type of opportunity: Participative loan. Modality: BUY-TO-SELL (purchase, reform and sale in 12 months)
This project entails the granting of a loan to a project developer for the acquisition, reform, decoration (through the Home-Staging strategy) and ultimate sale in 12 months of an apartment in Madrid’s Barrio del Pilar in the district of Fuencarral-El Pardo.
This district is the largest area of Madrid but is not highly populated. 90% of the land in this district is made up of the mountains of El Pardo, Soto de Viñuelas, etc. The neighborhoods of El Pardo, Fuentelarreina, Peñagrande, Pilar, La Paz, Valverde, Mirasierra and El Goloso make up this district.
It is important to note that in this district is one of the most important business hubs of Madrid: Cuatro Torres
The apartment is 57 meters squared and located Calle Sarriá, 52- perpendicular to the Avenida de Monforte de Lemos, one of the main axes of the area. The Barrio del Pilar is characterized by being a very residential neighborhood with buildings of various heights with gardens and many public spaces. The neighborhood has a festival every October and is one of the most popular festivals in the city of Madrid.
The apartment is surrounded by all of the necessary shops to meet your day to day needs, as well as banks, supermarkets and pharmacies. Only 200 meters away is the Peñagrande metro stop and it is also less than 1 km from La Vaguada, the first shopping mall in Madrid and the first in Spain. The area is perfectly connected with the city-center by metro and bus as well as with the departures of the city since it is located just 1 km from the M-30.
In addition, a large project called the Castellana Norte District has meant major urban renovation and improvements for the districts of Tetuán and Fuencarral-El Pardo. Improvements include new residential buildings, office skyscrapers, a technological area, and a park that will mean a revaluation of the districts.
The apartment complex has recently been entirely renovated and has an elevator. The apartment is located on the 6th floor, it is an exterior apartment with a spacious terrace and windows that look out onto a bright interior patio. It will be completely renovated including furniture and decoration with the following distribution:
Please find all of the characteristics of the house in the dossier.
The reform will be carried out under the turnkey model, the budget is closed so there will be no changes.
The project developer will be responsible for carrying out all the tasks and management necessary to make the sale, execute and control the rehabilitation of the property, and carrying out the marketing strategy. In addition to, following up throughout the life of the project and being responsible for performing the necessary tasks for the management of the day to day of the property.
Can you resist this yield in 12 months?
In Spain, Housers is a crowdfundig platform registered next to CNMV (Spanish Regulator) with register number 20. Housers is a platform that facilitates access to loans related to real estate transactions promoted by third-party companies, previously analyzed and validated. Housers does not offer financial advice and none of the proposed activities should be considered as such. The analyzes shown in these pages are general information and do not in any way constitute specific advice. The projects illustrated are not subject to the supervision of any national or international financial authority or regulator. The transactions presented are forecasts only and as such, they may be subject to change. Investing through Housers involves risks, including illiquidity, loss of investment, and it should only be done as part of a diversified portfolio. Your capital is at risk.
August 23, 2018
August 29, 2018
October 11, 2018
March 13, 2019
Renovation status update
June 7, 2019
August 19, 2019
August 29, 2019
October 11, 2019
November 26, 2019
December 2, 2019