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Villar Barcelona

PROJECT SUMMARY



  • Purpose: the loan will finance the costs associated with the development of construction of the development of 10 dwellings distributed over 4 floors.
  • Type of opportunity: loan.
  • Type: fixed rate.
  • Scoring: AA (more information here)
  • Nominal annual interest rate: 8%.
  • Return on the opportunity: 12%.
  • Maturity: 18 months.
  • Type of capital repayment: at maturity.
  • Interest payment: quarterly.
  • Loan To Value (LTV): 63.62%.
  • Extensive developer experience.
  • Located in an outstanding area of Barcelona.


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Floorplan


PROJECT

We present Villar Barcelona, a fixed-rate development with a mortgage guarantee. The project consists of financing the costs associated with the development of 10 high-rise homes, parking spaces, payment of the resolutory condition of the land and the rest of the procedures for the start of construction.

The land is owned by the developer with a resolutory condition of €406,250 to be paid with part of the requested loan.

The building permit was granted on 2 October 2020 in the name of Lassus Internacional S.L. and the developer has applied to Barcelona City Council for a change of ownership in March 2021.

The development has 5 dwellings reserved out of a total of 10 on offer, is distributed over 4 floors and has different types of properties:


  • Dwellings with 1, 3 and 4 bedrooms, all with living-dining room, kitchen and 1 or 2 bathrooms.
  • Duplex ground floors with 50 m2 garden.
  • Penthouses with private terraces.
  • Parking spaces are available in the same building in the basement.

The entrance hall leads to the communal areas of the building and the lift.

The layout of the project:


  • Floor 3: 2 penthouses of 82 m2 with 3 bedrooms and 40m2 of the roof terrace.
  • Floor 2: 3 dwellings of 53, 54 and 75 m2 with 1 bedroom.
  • Floor 1: 3 dwellings of 53, 54 and 75 m2 with 1 bedroom.
  • Ground floor: the dwelling of 130 m2 (with attic) with 3 bedrooms, storage room and 50 m2 garden and 106 m2 house (with attic) with 3 bedrooms and 50 m2 garden.
  • Floor -1: parking with 6 parking spaces for cars, 8 parking spaces for motorbikes and 1 storeroom.
  • Deck and communal areas.

The total built-up area of the development is 1,368.85 m2.

DESCRIPTION OF THE MORTGAGE COLLATERAL


The property subject to this project, located at 62 Villar Street, Barcelona, Spain, will be mortgaged by the developer as security for the loan.

According to the valuation certificate issued by Sociedad de tasación ST on 16/04/2021, the current valuation of the mortgaged property amounts to €1,178,931.00 (one million one hundred and seventy-eight thousand nine hundred and thirty-one euros).

Therefore, the appraisal value of the mortgaged property constitutes a guarantee for 157% of the loan (mortgage value €1,178,931.00 / loan amount €750,000.00).


GUARANTEE AGENT

The chosen Guarantee 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 developer is CRAWLEY MARKET S.L.: A developer belonging to GRUPO ASCENDO, a real estate group specialising in the acquisition, development and marketing of buildings and plots of land in Barcelona city and metropolitan area.

Grupo Ascendo has a long track record in the real estate sector. A team with more than 20 years of experience and more than 200 projects completed in Barcelona endorse its track record.


PROJECT MONITORING

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.


AREA

The building is in the neighbourhood of El Guinardó in C/ Villar 62, in Barcelona (Spain).

The Mercat del Guinardó is 3 minutes away, so it has a neighbourhood shopping area.

Parc del Guinardó is only 10 minutes walking and 4 minutes from the Municipal Sports Centre.

300 m from Sant Pau Hospital.

Well connected by metro and buses.

Very close to the metro station Guinardó - Hospital de Sant Pau (L4).

The complex has been designed following the latest trends in architectural optimization to achieve better lighting and natural air conditioning in the homes.

The building makes use of the latest technologies in terms of energy efficiency, low CO2 emissions, use of recycled and ecological materials and aerothermal energy, among others.

The high-quality finishes and design make this building a unique investment opportunity in the heart of Barcelona.

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 8% + 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 or the Bank of Spain or any other national or foreign regulator. 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.

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 (see here). 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.


Special developer promotion: see

Barcelona | 1 building
ES
Phase:
Project Funded
Financed capital:
750,000 €
Financing goal:
750,000 €
Investors:
949
Term:
18 months
Type:
Development loan
LTV:
63.62 %
Annual yield:
8.00 %
Total yield:
12.00 %
Status:
Without incidence
Visible only to investors in the opportunity.