New investment opportunity in Seville with an interest of 22,50% in 5 years!
The project developer has agreed to set aside the fees corresponding to the first 12 months in advance. The interests’ payments will be transferred monthly.
Type of opportunity: Loan Modality: Development Loan
Select Seville is a development loan that consists in a loan to a well established project developer which aims to complete the renovation of two buildings in the centre of Seville and they will then be used for touristic rentals.
It is important to underline that:
The project has a total of 29 apartments that will be rented in the touristic modality and a commercial building that will be normally rented. The aim of this funding is to cover the rehabilitation as well as the equipping costs for both buildings.
The first building belongs to the project’s promoter and it is composed by a commercial space and 16 apartments. It is located in calle Feria 14, only 500 metres from Plaza de la Encarnación. It has 5 floors and the commercial space is located on the ground floor and the rest of the building is composed by 16 apartments. The whole space has an area of 1.121 m2.
The second building has a 25-year operating licence and consists of 13 apartments. It is located in calle Santa Paula 26, only 1 km far from Santa Justa train station. Right now, the reconstruction works have already started and, once they will be completed, the property will be composed by 3 floors with a total area of 695 m2. On the first floor there will be 6 apartments, while 5 flats will be located on the 2nd floor and 2 on the third.
Both properties are located in Seville city centre, not too far the historic area as well as the commercial area. Particularly, they are only 15 minutes far from the main tourist attractions, such as Alcázar, Catedral and Torre de Oro.
There are different typologies of apartments:
The project developer SELECT SEVILLE APARTMENTS S.L. has already acquired one property and has rented the other for a period of 27 years. The renovation works have already started and they will be completed by the first term of 2019. On the other hand, the commercial use will start on the second term of 2019.
The SSA SL Board of Directors is composed by a multidisciplinary team that has a lot of experience in the sector and it consists of entrepreneurs, lawyers, economists, experts in properties’ value, architects and engineers with experience in finance consulting.
The management of the rent is held by SENSORIZ SL, an operator that has a solid experience is Seville.
Invest in Select Seville and start saving today!
Housers is a platform that facilitates access to equity 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, lack of dividends, loss of investment and dilution, and it should only be done as part of a diversified portfolio. Your capital is at risk..
January 15, 2019