PROJECT SUMMARY
PROJECT
We introduce you Splau, a new Development Loan opportunity that consists of financing the associated costs for the
construction of 8 homes, 7 parking spaces and 8 box rooms in Cornellá, Spain.
The total built area of the
development is 1.281.287,49 m2 and is distributed as follows:
Building 1:
Ground floor: 1 dwelling with 3 bedrooms, 2 bathrooms, living-dining room, kitchen and large garden.
First floor: 1 flat with 4 bedrooms, 2 bathrooms, living-dining room, kitchen and terrace.
Second floor: 1 flat with 4 bedrooms, 2 bathrooms, living-dining room, kitchen and terrace.
Third floor: 1 flat with 4 bedrooms, 2 bathrooms, living-dining room, kitchen and terrace.
Fourth floor and bellow deck: 2 dwellings:
Building 2:
Ground floor and first floor: 1 duplex flat with 3 bedrooms, 2 bathrooms, living-dining room, kitchen and large garden.
Second floor and ground floor: 1 duplex flat with 3 bedrooms, 2 bathrooms, living-dining room, kitchen and large terrace.
The parking spaces and storage rooms are located in the basement. The development is located in a very good neighbourhood, next to the popular Splau shopping centre and the Español football stadium, with multiple sports facilities, schools, supermarkets of various companies, shops and restaurants of all kinds and it is also a 2-minute walk from the Metro station with direct connection to Barcelona.
This loan of €250,000 corresponds to the first tranche of a project of €1,000,000 (4 tranches are foreseen in total).
FIRST RANK MORTGAGE
The property to be taken as mortgage guarantee is the property at Paseo Ferrocarrils Catalans, Nº 40, Floor 0, in the municipality of Cornellà de Llobregat, Barcelona.
According to the valuation certificate issued by KRATA Sociedad de Tasación on 02/06/2021, the current MORTGAGE VALUE/APPRAISAL of the property described, amounts to the sum of 1.360. 400.25 Euros and a valuation of the finished property of 2,847,256.18.
Therefore the LTV (Loan To Value) is 18.38%, (Loan amount 250.000€ / Current appraised value 1.360.400,25 €).
THE COLLATERAL AGENT
The chosen Collateral Agent is
Bondholders, a 25+-year-old professional firm providing independent corporate
trust and loan agency services. Bondholders are not affiliated with any
financial services group. They currently meet the requirements of several
international jurisdictions including Spain, Portugal, Italy, England or New
York.
They have extensive experience
in financial sectors (Bankia, Santander, Deutsche Bank, ...) and in various
sectors (FC Barcelona, El Corte Inglés, Vista Alegre, TAP Portugal,
Telefónica...).
DEVELOPER
The company behind the GRUPO URBIGLOBAL project is PROMOCIÓN FERROCARRILS 2020 S.L., a group of professionals with a long history in real estate development and construction of non-residential and residential buildings. The promoter group has a share capital at 31/12/2020 of 3.000€ and equity at 30/09/2020 of 2.861,15€.
The promoter group of this project has already financed Rubí and Rubí II without incidences.
MONITORING OF THE PROJECT
The monitoring company PROYECTOS
CIGA will carry out the monitoring of this project, having permanent
control of the destination of the capital provided by the investors and
delivering this capital to the developer according to an agreed schedule after
delivery of justification of compliance with certifications. To this end,
the developer and the monitoring company will open a escrow account where
the funds financed by the investors will be transferred in such a way that each
provision to the developer must be justified to the monitoring company and
therefore the full amount of the loan will not be delivered to the developer at
once.
LOCATION
The project is located in Cornellá, a municipality in the province of Barcelona.
Highlights of the location:
PROJECT FEE
Housers will not charge any
fee to the investor for this opportunity. The developer 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 funding target
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 developer, this commission is
deducted from it in favour of Housers. It does not affect the final
profitability obtained by the investors, since the developer is the one who
assumes its cost. In this opportunity, Housers' commission is 7.5% + VAT 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 authorization or
supervision by the Comisión Nacional del Mercado de Valores (CNMV), the Bank of
Spain or any other regulator, national or foreign. The information provided by
the developer has not been reviewed by the CNMV and does not constitute a
prospectus approved by the CNMV.
The developer of the project
is responsible to investors for the information it has provided to the
crowdfunding platform for publication within the project on the website. 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.
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, following 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.
