We present Valencia Residencial, a fixed-rate development with a first rank mortgage guarantee. The project consists of financing the purchase of 25 plots of land plus construction and other associated costs, for the real estate development of a project of 25 single-family homes in Benaguasil, Valencia (Spain).
Urbanization comprises landscaped areas, a children's play area and 2 swimming pools. There are two types of homes:
Type 1 semi-detached house with underground garage and two floors. The property has 134.25 metres distributed as follows:
Type 2 semi-detached house with garage on the ground floor and two floors with attic. 3 floors with a plot area of 224 meters of which have 80 meters of garden area, and two parking spaces on ground zero, the house has 179 meters distributed as follows:
The constructed area is approximately 4,000 m2.
The licence was granted in the name of Lazo de Ocho S.L. The change of ownership by the developer is pending.
25 properties which are the object of this project, located on plot 6 of the construction complex located in execution unit A of sector 6 in the municipality of Benaguasil, Valencia (Spain), will be mortgaged by the developer as security for the loan.
According to the valuation certificate issued by INSTITUTO DE VALORACIONES S.L. on 20/12/2021, the current valuation of the mortgaged property amounts to 1.272.622,22€ (one million two hundred and seventy-two thousand six hundred and twenty-two euros and twenty-two cents).
Therefore, the appraised value of the mortgaged property is a guarantee for 282% of the loan (mortgage value €1,272,622.22 / loan amount €450,000). The actual LTV (Loan to Value) of the project will be 35.36% (loan amount €450,000 / current appraised value €1,272,622.22).
The estimated value of the property in the Completed Assumption under the comparison method amounts to €3,587,310.05.
The Guarantee Agent for this project will be Bondholders, a professional firm specializing in supplying independent agents and arranging services across asset classes and under numerous international jurisdictions. In recent years Bondholders has been mandated as agent and arranger in over 375 transactions being a total of close to €200 billion in debt. Its main clients include financial institutions, institutional clients, asset managers and sovereign government agencies. They are currently one of Europe's leading providers of independent fiduciary services.
The developer, ARTEVAL CONSTRUCCIONES RESPONSABLES, S.L. is a company linked to the real estate and construction sector, created by Vicente-Jose Arastey Benet, with more than 30 years of experience in the real estate sector.
The monitoring company PROYECTOS CIGA will carry out the monitoring of this project, having permanent control of the destination of the capital contributed 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 plots to be financed are in an enclave with panoramic views of the Sierra Calderona, 5 minutes from the town centre where you can find all kinds of services.
Located about 20 km from the city of Valencia, 5 km from La Pobla de Vallbona where you can find all kinds of services and 8 km from the commercial centre of La Eliana, with a wide range of restaurants and shops of all kinds.
Housers will not charge any commission to the investor for this opportunity. The developer will be charged a fee that is decided 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 an earlier 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.
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.
