We present the Villas de Berja II fixed-rate development, the second and final tranche of the Villas de Berja project to finance construction costs and other costs associated with the development of a development of 2 single-family homes. This second tranche is €90,000 out of a total of €240,000 for the entire project. The overall project consists of 5 dwellings, 3 of which have already been completed and sold, and the developer is requesting financing through this project for the construction of the last 2 dwellings.
With the loan made in the first phase of the project, the promoter has advanced in the development of the work, with the valuation of both properties going from 227,624.02€ (first phase) to 369,555.76€ (start of the second phase) thanks to the development of the work..
The dwellings are distributed in:
First Floor
• Entrance
• Corridor
• Kitchen
• Living - Dining room
• 3 bedrooms
• 2 bathrooms
In addition, the dwellings are equipped with a series of outdoor spaces (porches, terraces, laundry rooms and patios). These complete the programme and allow for adequate natural lighting and ventilation, aspects that are enhanced by a body of light that rises above the staircase.
All this forms the first floor around a central distributor, with the living room and master bedroom on the façade, the kitchen and the two bedrooms on the other side and the bathrooms between the two orientations.
Ground Floor
On the ground floor, the configuration is diaphanous as it is mostly occupied by the garage together with a bathroom. On this floor is the entrance to the house.
The total built-up area of the development is 365.96 m2.
The building permit was granted by the El Ejido town council on 19 April 2019.
The plot is in property, the total project consists of 5 dwellings of which 3 are already finished and sold and delivered and is requesting financing to finish the construction of the other 2.
The developer has extensive experience in this type of development in the area.
This loan of €90,000 corresponds to the second tranche of a project of €240,000.
The properties subject to this project, located at Plot-1-4, coming from the Sector of land for development SUS-67-ES, located in Zeta Street 8 and 10, in the Loma de la Mezquita, in the municipality of El Ejido (Spain), will be mortgaged by the developer as security for the loan.
According to the valuation certificate issued by Tinsa on 19/01/2021, the current valuation of the mortgaged property amounts to 369,555.76€ (three hundred and sixty-nine thousand five hundred and fifty-five euros and seventy-six cents).
Therefore, the appraised value of the mortgaged property constitutes a guarantee for 153.98% of the loan (mortgage value 369,555.76€ / loan amount 240,000€). The actual LTV (Loan To Value) of the project will be 64.94% (loan amount €240,000 / current appraised value €369,555.76). The estimated value of the property in the Completed Scenario according to the comparison method amounts to €464,430.50.
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 company is VILLAS DE BERJA S.L., constituted on the 29th of September 2015, a company belonging to the construction sector, in the branch of building both new construction and reforms, rehabilitation and maintenance, having the necessary experience to satisfy all the needs of the client.
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.
El Ejido is a municipality and city of Spain, in the province of Almería, an autonomous community of Andalusia. It is in the region of Western Almeriense. In 2020 it had 83,758 inhabitants and was the third most populated municipality in the province of Almería, after Almería and Roquetas de Mar.
The plot is situated on the south-western boundary of the urban centre of El Ejido, in a widening area. Demanded by the current situation of Covid.
It is fully equipped:
• Commercial.
• Sports.
• School.
• Social Welfare.
• Religious.
• Parking.
• Recreational.
• Large green areas.
Housers will not charge any commission 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, if the project is successfully closed, i.e., the funding target published on the platform is reached.
In case of unsuccessful closing, Housers will not charge this commission. 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 5,5% + 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.
