We present Las Masias IV, a fixed-rate project with first-rate mortgage guarantee consisting of financing the costs for the construction and development of 9 single-family houses, in Moncada, Valencia (Spain).
All the dwellings are distributed on a single floor.
Due to the characteristics of the resulting interior sub-plots, two different types of dwellings are planned;
Type A dwellings (8 dwellings):
Living room - Dining room - Kitchen, Laundry room, Distributor, Bathroom, 4 Bedrooms, one of them with en suite bathroom and dressing room, and is complemented by the exterior spaces of pacerla with endowment of swimming pool and parking area for vehicles.
Dwelling type B (1 dwelling):
Living room - Dining room - Kitchen, Laundry room, Distributor, Bathroom, 4 Bedrooms, one of them with en suite bathroom and dressing room, and it is complemented with the exterior spaces of pacerla with endowment of swimming pool and parking area for vehicles.
The total built area of the development is 1.102,30 m2.
The building permit has already been approved.
The total amount of the loan amounts to €2,490,000 of which the promoter contributes €640,000 and Housers investors €1,850,000. This loan of €100,000 corresponds to the fourth tranche of a project of €1,850,000, whose final maturity date is 30 June 2025*. The duration of this tranche is estimated and is conditional on the time during which the loan for this phase of the project is being financed and, consequently, the mortgage guarantee is novated to that of the previous tranche, since, as it is a single project, the maturity date will be the same for all the tranches of the project. Seven tranches of the project are foreseen.
* Following approval at the lenders' meeting held on 22 October 2024, the maturity date of the project is extended to 30 June 2025.
The mortgage guarantee provided by the developer is the 9 single-family houses which are the object of the project located in Montcada, Valencia (Spain).
According to the valuation certificate issued by ST valuation company dated 8/10/2024, the current mortgage/valuation value of the property described amounts to €1.439.074,68.
Therefore, the valuation of the mortgaged property on the loan is 143,90% (mortgage value 1.439.074,68€ / loan amount 1.00.000€). The LTV (Loan To Value) of the project is 69,48% (loan amount €1.000.000/ current appraised value €1.439.074,68). The estimated value of the property in a completed scenario according to the comparison method amounts to € 3.484.922,25.
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 Alojamientos urbanos Levante S.L., a company belonging to the construction sector in the field of building both new construction and refurbishment, rehabilitation and maintenance of buildings. The development company is also responsible for the processing of licences, execution projects, construction work and the legalisation of buildings.
Alojamientos Urbanos Levante S.L. is a group of professionals with numerous projects and has a share capital of 3.000€ at 31/12/2023.
In the future, the developer may 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.
Glóval is a benchmark firm in comprehensive valuation, engineering, consultancy and data analysis services. The result of the integration in 2017 of companies with a solid market position, more than 70 years of accumulated experience and more than 5 million valuations carried out, it provides services throughout the value chain of the real estate sector.
The company has a team of more than 1,000 professionals, a nationwide presence and international coverage through its presence in countries such as Portugal, Greece, Brazil, Cape Verde, Angola and Mozambique. Glóval has the confidence of the main players in the real estate sector and its current diversification strategy is focused on increasing its portfolio of services, meeting 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 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 urbanisation Las Masías de Moncada is located in the north-western part of the municipality of Moncada, in the direction of the municipality of Bétera, between the Barrio del Pilar and the Santa Bárbara de Godella urbanisation. It occupies a space in the municipality similar to that of its town centre and most of the properties are detached villas, offering all the services that a buyer would expect from a quality urbanisation.
By tradition in the municipality of Moncada, the urbanisation of Masías is the most extensive and important. It has quality villas that offer one of the most appropriate environments to enjoy a villa, close to all services, with peace and quiet, well connected to public transport and roads and with open areas around it where you can go for long walks or bike rides.
One of the great advantages of this urbanisation in Masías is its proximity to the Masías Metro station, with a connection to the centre of Valencia in less than 20 minutes. This allows you to enjoy the tranquillity and comfort of living in a quality urbanization with the advantages of being able to easily access the services offered by the big city, both for shopping and for work..
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% + VAT being the commission financed within the opportunity.
Housers complies with Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European providers of equity finance services for businesses, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937 and is authorised by the CNMV as a Participatory Finance 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.
The references to law 5/2015 are as a consequence of being a tranche of a project contemplated under a loan contract signed for that law, prior to the entry into force of the European Regulation.
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 Article 2.1 of Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European providers of equity crowdfunding services for businesses, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937, Housers hereby informs investors of the risks they will run when 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.
