Valdelinares III


  • Purpose: to finance the costs associated with the real estate development and construction of eight dwellings, seven parking spaces and eight storage rooms.
  • Location: Alcala de la Selva, Teruel (Spain).
  • Type of opportunity: loan.
  • Type: Fixed rate.
  • Scoring: A (more information here).
  • Guarantee: First-rank mortgage registered in the land registry.
  • Loan To Value (LTV): 69.83%.
  • Nominal annual interest rate: 9%.
  • Maturity: 12 months.
  • Opportunity yield: 9%.
  • Type of principal repayment: at maturity.
  • Interest payment: quarterly.
  • Minimum investment: €300.
  • Plot: owned by the developer.
  • Sales: 18 of the 22 homes have already been sold (more than 80% of the development).Data updated on 24/05/2023.
  • Status of the work: At present, construction work has progressed from 26.08% in the second section to 36,38% at present.


We present Valdelinares III, is the third phase of a fixed-rate project with a first-rank mortgage guarantee that consists of funding the costs associated with the real estate development and the construction of twenty-two mountain flats, twenty-two parking spaces and twenty-two storage rooms in the Los Nevados residential development in the municipality of Alcalá de la Selva, in the province of Teruel (Spain).

The building will have three floors distributed as follows:

  • Basement floor with storage rooms and parking spaces.
  • Ground floor.
  • First floor.
  • Second floor.

Distribution of dwellings:

  • One duplex flat with one bedroom, one bathroom, one toilet, lounge-dining room, kitchen, and terrace.
  • Two dwellings with three bedrooms, two bathrooms, living-dining room, kitchen, and terrace.
  • Eleven duplexes, two bathrooms, one toilet, living-dining room, kitchen, and terrace.
  • Eight ground floor flats, two bathrooms, living-dining room, kitchen, and terrace.

The total built area of the development is 3,169.05 m².

The land on which the project is to be developed is owned by the developer and the building permit was granted by the town council of Alcala de la Selva (Teruel) in the year 2022 in the name of the parent company Navargolt S.L.

This loan of €280,000 corresponds to the third tranche of a project of €1,750,000 (six tranches of the project are planned).


Resumen financiero

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The mortgage collateral provided by the developer is the twenty-two dwellings which are the object of the project, located in the residential development Los Nevados in Alcala de la Selva, Teruel (Spain).

The investors entering this new tranche of the project will be added to the first-rank mortgage guarantee already granted by the developer to the investors in the previous tranches, consolidating it as a single first-rank mortgage guarantee for all the investors in the different tranches.

According to the valuation certificate issued by Tinsa on 20/05/2023, the current mortgage value/valuation of the described property amounts to €1,403,238.20.

Therefore, the valuation of the mortgaged property on the loan is 143.18% (mortgage value 1,403,238.20 € / loan amount 980,000 €). The LTV (Loan To Value) of the project is 69.83% (loan amount €980,000 / current appraised value €1,403,238.20). The estimated value of the property in a completed scenario according to the comparison method amounts to € 3,265,170.11.


The Security Agent chosen for this project is Collateral Gestión S.L., a professional firm with extensive experience in financial sectors providing advisory services and fiduciary services in the issuance of bonds, warrants or other securities. Collateral Gestión S.L. is not affiliated with any financial services group.


The promoter of the project is the company Navargolt S.L. and its recently created subsidiary Los Nevados S.L. Navargolt S.L. is a company linked to the construction sector in the branch of building both new construction and refurbishment, rehabilitation and maintenance, with own funds of 252,767.39 € as of 05/09/2022. 

This is the first project of the developer in Housers. The developer may apply for other loans in the future 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.


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 Valdelinares project is located in the urbanization Los Nevados de la Vega in the municipality of Alcalá de la Selva, Teruel (Spain).

Los Nevados de la Vega is located between four key points in the province of Teruel: the Virgen de la Vega Sanctuary, Alcalá de la Selva, Gúdar and the Valdelinares ski resort.

The municipality is an ideal destination for skiing enthusiasts as just 10 km away is the Valdelinares ski resort (which allows skiing in both winter and summer thanks to the first artificial ski slope built in Spain, allowing you to enjoy this sport 365 days a year) and 60 km away is the Aramón Javalambre ski resort. For golf lovers, just 3 km away is the golf course El Castillejo, a golf course of reference in the area with 9 holes available.

In addition to skiing and golf, there are numerous hiking and cycling trails in the vicinity of the municipality. For the little ones, the Territorio Dinópolis dinosaur theme park is 48 km away. And for professional astronomers and astronomy lovers, the area has privileged night skies as it has been declared a Startlight Reserve.

Finally, for those who prefer to swap the mountains for the beach, the municipality is 132 km from the beaches of Valencia and almost the same distance from the beaches of Castellón de la Plana.



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 6,5% + 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.


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.

Teruel | 1 building
Project Funded
Funded capital:
280,000 €
Financing goal:
280,000 €
12 months
Development loan
69.83 %
Annual yield:
9.00 %
Total yield:
9.00 %
Minimum investment:
300 €
Without incidence
Visible only to investors in the opportunity.