Jade Tower

This project benefits of EARLYIELD: the latest feature that enables you to get an annual* yield of 10% from the first moment in which you make your investment. For more information, check our blog.

This project has Flex Contract, a new type of contract that has a duration of 12 months, that can be expanded up to 6 more months. For more information check out our blog.

Type of opportunity: Loan        Modality: Development Loan¹ Flex Contract²

New development loan¹ opportunity in Costa del Sol! 9%³ yield in 12 months (with possibility of a 6-month extension)²

We present Jade Tower, a new development loan¹ project, which consists of granting a loan to a project developer for the purchase of a land in Fuengirola, Malaga. Later on, a spectacular building will be developed, composed by 116 flats, garage parking (2 per flat), storage rooms (1 per flat) and common spaces such as swimming pool, coworking area and gym.

This funding corresponds to the first stage of the project which aims to collect a total of € 1.000.000⁴. 

It is important to underline that:

• The project, with a total operating cost of more than 43M€, is the largest project, by volume and type, financed up to now in Spain by a participative financing platform;
  
• The project has a privileged location;
• The project developer has many years of experience;
• There’s a high demand for this type of homes in the area of Fuengirola;
• The scoring is A. For more information about the scoring system click here. 

Fuengirola, located on the central coast of the province and part of the Costa del Sol region, is one of its coastal towns with the best infrastructures, and a destination that attracts a large number of tourists throughout the year, resulting in the multiplication of the Fuengirola population, especially during the high season.

At a distance of only 30 km from the city of Malaga, between the towns of Mijas and Benalmádena, Fuengirola is a very important coastal town, that due to its climate and gastronomy, ends up being one of the preferred destinations for beach holidays.

The beach is the main touristic attraction of Fuengirola, which supports the sectors of hospitality and leisure of the city. The eight kilometres of sand are decorated with palm trees and most of the beaches present the blue flag.

The city has an extensive range of services and infrastructures, including horse-riding centres, golf courses, restaurants and leisure parks. Its artistic heritage includes the Arab castle of Sohail which is located near the river Fuengirola, Finca del Secretario, the roman thermal baths of Torreblanca del Sol, and the baroque church of Nuestra Señora del Rosario.

The land is located just a few minutes walking from the marina and the beach. The building will have 2 basements, a ground floor, 7 more floors and an attic. Each flat will present a terrace and have from 1 to 4 bedrooms, with areas between 140m² and 370m².

The project developer belongs to the Grupo Otero, and has a long history of more than 60 years in the construction sector and real estate development, in which the client is the center of all its activity. It has a team of over 40 people specialised in the development and management in Costa del Sol, involved and committed to offering the highest quality in everything they do. One of the developers of the Grupo Otero has already financed and returned before time another project in our platform: Manilva.

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.

   Invest in the new opportunity in Costa del Sol!

* The annual return is the percentage of profit or loss that would be obtained if the term of the investment were 1 year. It will be applied to all projects in which the EARLYIELD icon will appear.

1) Development Loan: 12-month fixed rate loan to the real estate developer where interest is distributed monthly and the principal is amortized at the end of the project. The interest is not guaranteed, but the developer presents one aditional guarantee.

2) Flex Contract: The Promoting Company may activate an extension of a single duration of 6 months to the expiration date of the contract, communicating it to Housers at least one month in advance. This extension will be accompanied by an increase on the interest rate agreed on the return of capital, resulting in this project, an annual interest of 9,5% during the extension. This information is found in more detail in Article 3.3.1 of the Loan Agreement.

3) It is the total return on investment. It takes into account the total term of 12 months and the annual fixed interest agreed by the promoter. For more details see the Promoter's Report.

4) According to article 68.2 of Law 5/2015 for the Promotion of business financing, "The maximum amount of fundraising per participatory financing project through each of the participatory financing platforms may not exceed 2,000. 000 euros, being possible the realization of successive rounds of financing that do not exceed the aforementioned amount in annual calculation. When the projects are directed exclusively to accredited investors, the previous maximum amount may reach 5,000,000 euros".

Location