Sicily Houses - Housers - The first real estate investment platform

PROJECT SUMMARY

The purpose: the loan will finance part of the construction of 6 villas.
Type of opportunity: Development loan Flex Modality.
Type: fixed rate.
Scoring: A (more information here )
Nominal annual interest rate: 9%.
Project yield: 9%.
Maturity: 12 months.
Type of capital repayment: at the end of the term.
Interest payment: monthly.
Building in property.
The developer has the licence to build.
Work has already started.
2 of the 6 villas have been sold.

PROJECT

We introduce you to Sicily Houses, a new development loan opportunity to finance part of the construction costs of 6 villas in Catania, Italy.

The real estate complex is located on Via Colombo, a few kilometres from the historic centre of Acireale. The area is surrounded by greenery and from the villas you can enjoy a splendid sea view. Each unit has an outdoor area with garden. The property is just a 30-minute drive from Catania International Airport.

This loan of 300.000€ is the first and only tranche.

THE PROJECT DEVELOPER

The promoter company of the project is EDILCOSTRUZIONI CUCUCCIO S.R.L., a company dedicated to the construction, transformation and expansion of real estate complexes. The development company has a share capital at 31/12/2020 of €15,000 and equity at 31/12/2020 of €35,000.

This is the first project of the promoter in Housers. The developer may apply in the future for other loans through the platform to obtain funding for the realization of other projects, within the legal limits and provided that their financial situation allows it. Thus, the degree of future leverage of the company may therefore be higher.

LOCATION

The project is located in in Catania, the second most populated city in Sicily. .

Highlights of the location:

Catania, is situated on the eastern coast of Sicily, at the foot of the volcano Etna, the largest volcano in Europe. The city is an attraction for nature lovers due to its imposing mountains and marine reserves. The coastal area is very popular in summer thanks to its dreamy beaches, pleasant climate and resorts overlooking the Mediterranean Sea.
The main characteristic of this town is its architecture, which is predominantly baroque. Among the main tourist sites we remember: Piazza del Duomo, Via Etnea Piazza Stesicoro is the entrance to the main market, Castello Ursino, Teatro Massimo,the Roman Amphitheatre, etc..
The city is known as the City as “The city of the 100 bells” or “The Vatican of the south”, this is due to the large number of churches that we can find in the city. In 2002, Unesco declared Catania a World Heritage Site.

PROJECT FEE

Housers will not charge any fee to the investor for this opportunity. The promoter will be charged a fee that is determined based on a % of the funds raised for the project, provided that the project is successfully closed, i.e. that the financing objective published on the platform is reached. In case it is not successfully closed, Housers will not charge this fee. Once the campaign is finished and as a previous step to the delivery of the money to the promoter, this commission is deducted from it in favour of Housers. It does not affect the final profitability obtained by the investors, since the Promoter is the one who assumes its cost. In this opportunity Housers' commission is 9% being the commission financed within the opportunity.

WARNINGS

Housers is neither a credit institution nor an investment services company. It is not a member of any investment guarantee fund or deposit guarantee fund. Therefore, the invested capital is not covered by these funds.

Housers is neither a credit institution nor an investment services company nor does it provide financial advice, so nothing on this website should be interpreted as such. The information on this page is for general information purposes only and does not constitute specific advice.

The participatory financing projects published on the website are not subject to authorisation or supervision by the Comisión Nacional del Mercado de Valores or the Bank of Spain or any other national or foreign regulator. The information provided by the promoter has not been reviewed by the CNMV and does not constitute a prospectus approved by the CNMV.

The project promoter is responsible to investors for the information it has provided to the crowdfunding platform for publication within the project on the website.

Both the financing objective and the maximum term to invest in this opportunity may be extended by an additional 25% to the initially planned term, in accordance with Law 5/2015, of 27 April, on the promotion of business financing. Likewise, Housers will be able to close the financing of this opportunity/project when it has been 90% financed. These possibilities that the legislation offers to the platform will be used when the typology and characteristics of the project make it advisable so that the execution deadlines are not prejudiced. You can find more information here.

RISKS

Investment in this project involves the risk of total or partial loss of the invested capital, the risk of not obtaining the expected cash return and the risk of illiquidity to recover the investment.

The invested capital is not guaranteed by the investment guarantee fund or the deposit guarantee fund.

Investing in real estate must be done as part of a diversified portfolio. Investing in Housers is intended for people with sufficient knowledge to understand the risks of investing in start-ups.