We present Torrelles de Llobregat, a fixed-rate project with a first-degree mortgage guarantee that consists of financing the associated costs for the development of a development of 4 single-family homes in Torrelles de Llobregat, Barcelona (Spain).
The building will have 3 floors distributed as follows:
Distribution of the dwellings:
High-quality and designed homes featuring ''Lamet'' floors, structures with 3 insulating chambers, formeling windows, ECOFOREST systems, heating, underfloor heating, and cooling, as well as high-quality finishes.
The total built area is 183,50 m2 per dwelling plus terraces and common areas.
The building permit has already been granted by the town hall.
This loan of 125.000€ corresponds to the first tranche of a project of 1.050.000€. Five tranches are foreseen.
The mortgage collateral provided by the developer is the building of 4 single-family dwellings which are the object of the project located in Torrelles de Llobregat, Barcelona (Spain).
According to the valuation certificate issued by ST valuation company dated 09/02/2023, the current mortgage/valuation value of the described property amounts to 184.599,0€.
Therefore, the appraisal of the mortgaged property on the loan is 147.67% (mortgage value 184,599 € / loan amount 125,000 €). The LTV (Loan To Value) of the project is 67.71% (loan amount €125,000 / current appraised value €184,599). The estimated value of the property in a completed scenario according to the comparison method amounts to €1,584,149.
The Guarantee Agent chosen for this project is Collateral Gestión S.L., a professional firm with experience in financial sectors that provides advisory services and fiduciary services in the issuance of bonds, guarantees, or other securities. Collateral Gestión S.L. is not affiliated with any financial services group.
The developer of the project is Palet Gestió Patrimonial, S.L., a company belonging to the construction sector in the field of building both new construction and refurbishment, rehabilitation, and maintenance of buildings.
Palet Gestió Patrimonial, S.L. is a group of professionals with numerous projects and has equity of 546.193,88€ on 31/12/2022 and share capital of 443.006,00€ on 31/12/2022.
The developer may in the future apply for other loans through the platform to obtain financing for the implementation of other projects, within the legal limits and provided that its financial situation allows it. The company's future leverage may therefore be higher.
The scoring is carried out by Gloval.
Gloval is a leading firm in comprehensive valuation, engineering, consulting, and data analysis services. Formed in 2017 through the integration of companies with a strong market positioning, over 70 years of accumulated experience, and more than 5 million appraisals conducted, it provides services across the entire value chain of the real estate sector.
The company has a team of over 1,000 professionals, a nationwide presence, and international coverage through its operations in countries such as Portugal, Greece, Brazil, Cape Verde, Angola, and Mozambique. Gloval has earned the trust of key players in the real estate industry, and its current diversification strategy focuses on expanding its service portfolio, addressing the needs of new sectors and clients, and continuing its international expansion.
For more information, visit www.gloval.es.
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 an 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 Torrelles project is located in the centre of the village of Torrellés de Llobregat, just 20 minutes from Barcelona.
It is a perfect area for cycling and downhill fans, as Torrelles de Llobregat is famous for organizing one of the best downhill races in Catalonia every year, and it is also an ideal place for cyclists or hikers, as it hides more than 20 special spots.
It is a natural space where you can enjoy outdoor and leisure activities with the whole family, as it also has one of the largest miniature theme parks in the world, Catalonia in miniature.
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.
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.
