CONTRATO FLEX - 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.
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.
THE OPPORTUNITY
Type of opportunity: Loan
Modality: Development Loan1 with Flex Contract2
Yield: 8%3 in 12 months
We present to you Médico Esteve, a development loan1 opportunity which consists in the granting of a loan to a project developer to finance several expenses** related with the construction of a building composed by 14 apartments and 17 parking lots inside a garage, in Valencia, Spain.
REASONS TO INVEST IN MÉDICO ESTEVE
- The project developer has the land in property and it is free of charges;
- The building permit has already been requested and is expected to be granted by mid-2020;
- It presents a significant low investment ratio, in relation to the total value of the project;
- The scoring of this opportunity is AA. For more information, please click here.
LOCATION
The project is located in Valencia, Spain.
Remarks of the location:
- It is the third most populated city in Spain, after Madrid and Barcelona;
- Valencia is a touristic reference all over the world and became an important metropolis to visit and enjoy;
- It is the center of international design and avant-garde, and is also one of the most active cities regarding exhibitions and congresses in Europe;
- It has an interesting monumental heritage: La Lonja, El Micalet de la Seu, Las Torres de Serranos and de Quart.
ABOUT THE PROJECT
The purpose of the opportunity is to cover the associated costs with the construction of a residential building composed by 14 apartments and 17 parking lots inside a garage. Each apartment will have 3 bedrooms and 120m2 on average. Currently, the project developer already counts with 4 documented house rentals.
The building will present an elegant and modern design, with large windows that welcome the sunlight. Additionally, the newest energetic technologies will be applied.
The location presents an excellent accessibility. Located in the central district of Jesús, the building is very close to a metro station and the AVE train station.
THE PROJECT DEVELOPER
The project developer firm is PROYECTOS WICLARO, S.L., an avant-garde organization that integrates management, architectural design, construction, administration and promotion of real estate projects in Spain, Panama, Nicaragua and Paraguay. Presenting more than 20 years of experience, the goal of the company is to meet the expectations in terms of aesthetics, area, price, specifications, quality and investment.
Additionally, GOC will monitor these types of projects, in order to guarantee a permanent control regarding the allocation of the capital provided by the investors.
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Risk Information: Housers is neither a credit institution nor an investment services firm. Investment in projects published by HOUSERS is not covered by any investment fund. This project has not been supervised by the CNMV nor by the Bank of Spain or any other regulator, Spanish or foreign. The information provided by the developer has not been checked by the CNMV nor does it constitute a prospectus approved by the CNMV. Housers does not provide financial advice that nothing on this website should be construed as such. The investment in this project involves the following risks: risk of total or partial loss of invested capital, the risk of not obtaining the expected monetary return and the risk of illiquidity for recover the investment. The developer accumulates 0 projects in the platform; however, the guarantee Urbania Developer Levante S.A. already acted as a guarantee in another successfully closed project in the platform (Urbania project). The project promoter is responsible to investors for the information it has provided to the participatory finance platform for publication within the project on the website. The promoter has a share capital at 30/09/2098 of 3,000€ and equity at 30/09/2019 of 4,746.15€ so that its responsibility for the project is limited to this amount. The URBANIA DEVELOPER LEVANTE S.A. will act as a guarator of this Project, with a equity at 31/12/2018 of 60,068.36€. For more information, please visit the Legal Info Promoter document. Given the limited resources of the Project promoter, Housers’ commission will be financed within the Project. Likewise, it will be the investor supporting the Housers’ commission. The maximum term to invest in this opportunity may be extended by an additional 25% to the initial term, in accordance with the Law for the Promotion of Business Financing. Likewise, HOUSERS may consider the financing of this opportunity/project closed when it has been 90% financed. This options provided to Housers by the legislation will be used when the typology and the characteristics of the project suggest it, so that the financing can be lower than the required and the deadline is not affected.
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 an additional 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 8.75% 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.
*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.
**The technical fees, the payment of construction taxes (ICIO), as well as advertising and sale expenses.
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.
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