Vera Playa III


  • Purpose: Fund the costs for the real estate development and construction of block 4 of the Puerta de Oriente urbanization, a building with 14 dwellings and 14 parking spaces. 
  • Location: Vera, province of Almería, Spain.
  • Type of opportunity: loan.
  • Type of loan: Fixed rate.
  • Scoring: A (more information here).
  • Guarantee: First-rank mortgage guaranteed in the land registry.
  • Loan To Value (LTV): 69,88%.
  • Nominal annual interest rate: 8%.
  • Maturity: 10 months.
  • Opportunity yield: 6.66%.
  • Type of principal repayment: at maturity.
  • Interest payment: quarterly.
  • Minimum investment: €100.
  • Plot: owned by the developer.
  • Progress of work: since the financing of the second phase, the project has advanced from 51.84% to the current state of the work, which is at 91.14%. Very close to completion
  • Sales: 10 of the 14 homes have already been sold (71% of the development).


Presentiamo Vera Playa III, the third phase of a fixed-rate project with first mortgage guarantee that consists of financing the costs associated with the real estate development and construction of a block of 14 homes and 14 parking spaces in the Puerta de Oriente development. Block 5 of this same development was financed by Housers investors with the 5 phases of the Puerto de Oriente project.

The development consists of 8 blocks:

  • Block 1 - Completed.
  • Block 2 - In structure.
  • Block 3 - Finished.
  • Block 4 -Under construction (financed by Housers investors through the Vera Playa project).
  • Block 5 - Works completed (financed by Housers investors through the Puerta de Oriente project).
  • Block 6 - Not started.
  • Block 7 - Not started.
  • Block 8 - Not started.

Puerta de Oriente has been a complete success, with the developer repaying the loan 6 months ahead of schedule and with a higher than expected final IRR in all phases.

The total built area of the development is 1,095.66 m2 and is distributed as follows:

Ground floor with 6 flats divided into: 

  • 4 dwellings: 2 bedrooms, 2 bathrooms, living-dining room, kitchen and garden. 
  • 1 dwelling: 1 bedroom, 1 bathroom, living-dining room, kitchen and garden. 
  • 1 dwelling: 3 bedrooms, 2 bathrooms, living-dining room, kitchen and garden.

First floor: 

  • 5 flats: 2 bedrooms, 2 bathrooms, living-dining room, kitchen and terrace. 2 of them with large terraces of 60 m2.
  • Second floor: 
  • 3 flats: 2 bedrooms, 2 bathrooms, living-dining room, kitchen and large terraces. 

The Work on this fourth block has progressed from 51.84% when the second phase of the project was financed to the current 91.14% completion rate.

The building permit has been granted by the town hall of Vera and 71% of the dwellings (10 out of 14) have already been sold.

This loan of €340,000 corresponds to the third tranche of a project of €1,200,000 (this is the last tranche of the project).


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The property to be taken as mortgage guarantee is the property in Plot 2.5. Urbanization Puerta de Oriente, block 4, in Puerto Rey in the municipality of Vera, province of Almeria 

Investors entering this new tranche of the project will novated to the mortgage guarantee already granted by the developer to investors in the previous tranches, consolidating as a single first mortgage guarantee for all investors in the different tranches.

According to the valuation certificate issued by TINSA on 13/04/2023  the current mortgage/assessment value of the property described above is 1.717.013,67 €.

Therefore, the valuation of the mortgaged property on the loan is 143,08% (Mortgage value 1.717.013,67 € / Loan amount €1,200,000). The LTV (Loan To Value) of the project is 69,88% (loan amount €1,200,000/current appraised value 1.717.013,67 €). The estimated value of the finished property in hypothesis according to the comparison method amounts to 2.271.473,54 €.


The Guarantee Agent chosen for this project is Monk Advisor S.L., a professional firm with extensive experience in financial sectors that provides advisory services and fiduciary services in the issuance of bonds, guarantees and other securities. Monk Advisor S.L. is not affiliated with any financial services group.


The developer of the project is Promotora Carpochanes S.L. a company with extensive experience in real estate development and building construction. The developer has a share capital of 31/12/2021 of 309.360€ and equity at 31/12/2021 of 9.425.258,31€.

The developer may apply for other loans in the future through the platform to obtain funding for the implementation 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.

The developer has recently successfully completed another project in Housers, Puerta de Oriente project, returning investors early with IRR higher than expected in the five phases of the project.

The first phase of this Vera Playa project has also been successfully funded.


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.


The project is in Vera a coastal town in the province of Almería, Spain.

Highlights of the location:

  • At 500 metres from "El Playazo", the great beach of Vera, 5 km long and 100 metres wide.
  • Within a radius of 2000 metres, you can reach 2 shopping malls with shops, supermarkets, restaurants, beach clubs, 4-star hotels, sports centres and schools.
  • Within 10 Km there are 3 golf courses in Vera, Mojacar and Cuevas de Alanzora.
  • Very close to other attractive tourist beach destinations or fishing ports and marinas such as Villaricos, San Juan de Terreros, Garrucha, Mojacar... as well as the Natural area of the Cabo de Gata Natural Park.
  • Urbanization located in the residential complex that is distinguished by its low density of construction, composed of single-family villas, large green spaces, and other urbanizations of low-density construction.

The urbanization "Puerta de Oriente" is situated only 2 Km from the future AVE station of Vera - Almazora, within the Mediterranean corridor, which puts Vera in the small club of municipalities of the Spanish Mediterranean coast, with stations of the high-speed train network.



Housers will not charge any commission to the investor for this opportunity. Housers will charge the promoter a fee that will be determined based on a % of the funds raised by the promoter for the project, provided that the project is successfully funded. In case the project is not successfully funded, Housers will not charge this fee to the promoter. Once the project is financed and as a previous step to the delivery of the money to the promoter according to the disposition schedules, this commission will be deducted from the amount of the loan to be transferred to the promoter in favour of Housers, not affecting the final profitability obtained by the investors since it is the promoter who assumes its cost. In this opportunity Housers' commission is 7% + VAT being the commission financed within the opportunity.


Housers follows the law 5/2015 and is authorised by the CNMV as a Participatory Financing Platform registered under number 20.

Housers is not a credit institution or 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 supply 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 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. The information shown has been prepared by Housers based on available information provided by the developer. Neither Housers nor its collaborating companies or suppliers accept responsibility or liability concerning the accuracy or sufficiency of the information referred to in the project. The statements or declarations with future projections refer exclusively to the date on which they were expressed, they do not form any guarantee of future results.

Both the financing aim and the maximum term to invest in this opportunity may be extended by an added 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.

In accordance with Law 5/2015, of 27 April, on the promotion of business financing, regarding the participation of Participatory Financing Platforms or their related persons in projects published on its website, it is reported that this project is susceptible that related persons, in accordance with Housers' Internal Rules of Conduct, may acquire the status of investors and therefore lenders. The final amount and participation of these persons will be informed to all investors of the project once the financing of the project has been completed.


Before investing in this project, the investor must know the risks of his investment: Housers recommends carefully reading the Basic Information for the Investor.

In compliance with art. 61 of Law 5/2015 on the Promotion of Entrepreneurial Financing, Housers proceeds to inform the investor of the risks that he/she will run by investing in this project:

Risk of total or partial loss of the invested capital: the main risk associated with any type of investment is the total or partial loss of the money invested, as well as the probability that the return obtained, will be lower than expected or estimated. In general, the higher the return on an investment, the higher the risk.

Risk of not obtaining the expected financial return: there is no such thing as a safe investment. There is always a risk of losing everything invested or of not obtaining the expected financial return. Investments are based on future expectations that may not necessarily be realized, so the expected financial return on the investment may never occur or may occur differently than expected.

Operational risk: failures or problems in systems, people or operational flows can have a significant impact on the investment. In any activity in any market, there is always an operational risk.

Inflation risk: the possibility of rising inflation may cause the return on investment to decline due to the inevitable loss in the value of money in such circumstances.

Risk of Lack of liquidity: investing in this project may mean that the investor may not be able to dispose of the money invested when needed, having to pay attention to the estimated timeframe for the liquidity of the investment and obtaining the corresponding return.

Risk of not being able to influence the management of the developer: investors, as borrowers, like any other person outside a commercial company, have no right to influence the management of the developer or its assets unless this is provided for in the investment contract, and the investment contract may influence the developer's management of the developer.

Fraud risk: as in any other economic operation, there is a risk of fraud due to improper use of the money obtained for the project. To minimize this risk, the drawdowns of the loan amount that are delivered to the developer will be made using a company external to Housers that will check the progress of the project, making the drawdowns to the developer according to a calendar of drawdowns and after administratively verifying the fulfilment of each earlier milestone of the calendar. The amounts of the loan not drawn down by the developer while waiting to reach the next milestone of the drawdown calendar will always be in the Housers Account of the developer in the payment entity used by the platform ("Lemonway") until the developer requests the drawdown, which will be authorized by the monitoring company if the developer meets the requirements established by the monitoring company.

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

Investment in real estate should be conducted as a diversification strategy of a larger portfolio, and investment in projects published on the Housers platform is not recommended for people who do not have sufficient knowledge to understand the risks of investing in projects published by the crowdfunding platform.

Vera Almeria | 1 building
Funded capital:
340,000 €
Financing goal:
340,000 €
10 months
Development loan
Estimated IRR:
8.26 %
Final IRR:
10.89 %
Visible only to investors in the opportunity.