ILEX

Type of opportunity: Loan.                     Modality: Development Loan. 

New development loan opportunity in Madrid with an interest of 9,92% in 14 months! 

Ilex project consists in the granting of a loan to a project developer for the purchase of a 188m2 land that will host a building composed by 10 single-family houses. The complex is located in Madrid, more specifically in the Pueblo Nuevo neighborhood and in the Ciudad Lineal district. 

It is important to underline that: 

• 5 out of 10 properties are already reserved.
  
• The building permission is estimated to begin in the first quarter of 2019. 
  
• The loan is granted for the purchase of the land. 
  
• You can sell your investments through the Market Place. 
• Due to the fixed-rate nature of the opportunity, you do not have to wait until the houses are sold in order to earn money. Indeed, you will start earning right from the first month after you made investment. The interest is 9,92% in 14 months!
  
• The opportunity’s score is C. 
  

The opportunity is allocated in calle Llanos de Escudero 15, in the pueblo Nuevo neighborhood, district of Ciudad Lineal. It is formed by a 4-floors building (ground floor + 3 more floors).

Each floor will have two apartments, each one with a surface of 103 m2. The distribution will be the following: 

• 3 bedrooms. 
  
• 2 bathrooms.

On the other hand, the ground floor apartments (one of 98 m2 surface and on of 84 m2 surface) will have the following distribution: 

• 2 bedrooms.
  
• 2 bathrooms.

The 4-floor flats will have the access to their own terraces (of 40 m2 each) through a private stair. 

On the ground floor there will be storage rooms, one for each apartment, a common space with kitchen and screens for the community. 

The building’s location is a residential one, principally composed by condominiums without elevator that were built in the second half of the XX century. There are no relevant new constructions in the neighborhood, as there are hardly any plots in building conditions. Therefore, the existing contained demand is not adequately covered.

The Pueblo Nuevo neighborhood is well connected with the rest of the city thanks to many different underground and bus lines: within only 5 minutes walking it is possible to reach the Almudena metro stop which serves the line 2 and within 8 minutes walking there’s the Ascao metro station which serves the line 7. It is a commercial area with many shops, supermarkets, banks and anything you need in a daily life. 

Furthermore, it is really close to one of the main arteries of the Spanish capital city: the M-30 highway. Among the most important places in this neighborhood there’s the Alcalá Norte shopping mall. 

The project developer is ILEX GESTIÓN SL that was born from the joint of a professional and experienced team in the sector. 

Finally, it is important to know that GOC carries out the monitoring of these types of projects, so there will be permanent control of all the capital contributed by the investors.

Take advantage of this opportunity and invest in Madrid! 

Location