La Riera

FLEX CONTRACT - 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  Flex² contract

Profitability: 10%³ in 12 months

We introduce you La Riera, a new opportunity of Development Loan1 which consists of the concession of a loan to a promoter for the purchase of a house in auction, for its later reformation and sale in the city of Gerona.

REASONS TO INVEST IN LA RIERA:

-           For the attractive purchase price of the house;

-           Extensive experience of the promoter;

-           Central location;

-           The scoring for this opportunity is BB. For more information click here.

LOCATION

The project is located in the capital of Gerona, a province of the same name in the north of Catalonia.

To emphasize on the location:

-  Gerona has a historic centre or Barri Vell (Old Quarter), bounded to the east by the so-called Passeig de la Muralla (Wall Promenade), the sentry path of the ancient Carolingian walls (9th century) and the lower medieval walls (14th and 15th centuries).

-  The city of Gerona was awarded the Prize of Europe in 2016, a distinction granted annually by the Council of Europe to those municipalities that have made notable efforts to promote the ideal of European unity. It is the second after Santiago de Compostela.

-  The Cathedral of Santa María, built between the 11th and 18th centuries, has three main successive architectural styles; Romanesque, Gothic and Baroque.

THE PROJECT

The opportunity foresees the purchase of a house, for its later reform and sale in the area of Gerona.

The house is a duplex - penthouse with an area of 141 m².

THE PROMOTER

The promoter is Invernova Trade, a company in the real estate sector with extensive knowledge.

It is a company with great experience in the purchase of properties by means of auctions, for its reform and later sale.

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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*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.

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 project developer accumulates 0 project in the platform which does not entail an additional risk of concentration. The project developer is responsible for the information it has provided to the participatory finance platform for the project on the website. The promoter has a share capital as of 23/12/2019 of 3,000€ and equity at 23/12/2019 of -10,555€ so that its finantial responsibility regarding the project is limited to this amount. Due to the limited own resources of the company, the Housers fee is financed within the project. In this way, it is the investor who supports the Housers’ fee. The company is in a situation of cause of dissolution of assets according to Article 363 of the Law on Companies. The company, argues, that having been incorporated in 2019 has no history, and that it has made investments during the current fiscal year, bearing expenses that cannot be capitalized from these investments, the company states, that it will soon make divestments, which will produce capital gains that will reestablish the equity balance. 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. More info: here.

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 personal guarantee and one corporate 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 10,75% 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. 

Location