Michelangelo III

FLEX CONTRACT  - Type of contract that has a duration of x months, and can be expanded up to 6 more months. For more information check out our blog.

*This promotion is offered by the promoter of the project MichelangeloIII and will be paid to the investors by the mentioned promoter.

Win up to +4% yields offered, offered by the promoter:

  • Invest from 50 euros to 299 euros and obtain +1% yields
  • Invest from 300 euros to 499 euros and obtain +2% yields
  • Invest from 500 euros to 999 euros and obtain +3% yields
  • Invest from 1,000 euros and obtain +4% yields


Type of opportunity: Loan

Modality: Development Loan1 with Flex2

Profitability: 8,02%3 in 11 months (8.75%4 in 12 months)

The third stage of a project of 600.000 euros5 (a total of three phases are foreseen). The project will have a total duration of 18 months.

We introduce you to Michelangelo III, the third of an Italian development loan opportunity that consists of granting a loan to a project developer fothe associated costs and construction of 35 appartments and 35 garages in the city of Rimini, Italy.


- The land has been auctioned at a price of -50% of the market value;

- The developer already has the building licence;

- The flats will be sold at an average price of -15% of the market price;

- IRR: 26%;

- ROI: 53%;

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


The project is located in Rimini, a famous tourist town on the Adriatic coast.

Location’s highlights:

- Rimini is well known all over Europe thanks to its 15 km of beautiful beaches, the large number of hotels, bars and restaurants;

- It is one of the fun and summer capitals of the Riviera Romagnola and every year is chosen by many Italian and foreign tourists;

- It has a very interesting historical and cultural level: the Arch of Augustus, the Tiberius Bridge, the Malatestian Temple, built by the Franciscans and the main Catholic temple of the city, the Sismondo Castle, and the Roman Amphitheatre. Rimini is also the city of Fellini the famous director of La dolce vita, Amarcord and much more.


The opportunity is to finance the purchase of land and associated costs for the construction of a 6-floor building with 35 flats of one, two or three bedroomsThe total built area will be 3,368 m2.

The land acquired at the auction is located in one of the most demanded areas of Rimini, called Torre Pedrera. The land is located only 600 metres from the beach5 minutes from the motorway exit and 10 minutes from the city centre. The proximity to the beach and to the motorway makes the flats an excellent investment also as a second home. 

The flats will be sold at a very attractive price.


The real estate developer  is Case da Sogno S.R.L, a real estate agency in Rimini with many years of experience in the construction and sale of bio homes, with respect for the environment and high quality.

In addition, it is important to know that ARGOS will carry out the monitoring of this type of projects so that there will be a permanent control of the destination of all the capital contributed by investors.





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 1 project on the platform which was successfully funded (Raffaello). This 200,000 euro loan is the third of three 600,000 euro tranches, which could entail an additional concentration risk.The promoter of the project is responsible to the investors for the information he has provided to the participative financing platform for publication within the project on the website. The promoter has a share capital at 31/12/2019 of 12,000 euros and equity at 31/12/2019 of 234,519 euros so that its responsibility in the project is limited to this amount. The Housers' commission is financed within the project. In this way, it is the investor who bears the commission of Housers. Both the financing objective and the maximum term for investment on this opportunity may be extended by an additional 25% to that initially planned, in accordance with the Law for the Promotion of Business Financing. Likewise, HOUSERS will be able to consider the financing of this opportunity/project closed when it has been financed by 90%.  These possibilities that the legislation offers to the platform, will be used when the typology and characteristics of the project advise it so that it can be carried out with a financing lower or higher than the requested and the execution periods are not prejudiced.

1) Development Loan: 11-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.

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 9.75% 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 11 months and the annual fixed interest agreed by the promoter. For more details see the Promoter's Report.

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

5) 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". The non-financing of one of the phases of the project means the return of the rest of the phases financed, as it is a singular project.

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Rimini | 35 appartments
Project Funded
Financed capital:
200,000 €
Financing goal:
200,000 €
11 months
Development loan (Flex)
Annual yield:
8.75 %
Total yield:
8.02 %
Term and profitability Flex:
6 months, 9.75 %
Minimum investment:
50 €
Without incidence
Visible only to investors in the opportunity.