Purpose: to finance the costs associated with the real estate development and construction of a building with 15 flats, 25 parking spaces and 15 storage rooms. Location: Collado Villalba, Comunidad de Madrid (Spain). Type of opportunity: loan. Type: fixed rate. Scoring: A Guarantee: First-rank mortgage guarantee registered in the land registry. Loan To Value (LTV): 68,78% Maturity: 6 months. Nominal annual interest rate: 9%. Opportunity profitability: 4.50%. Type of capital repayment: at maturity. Interest payments: quarterly. Land: owned by the developer. Licence: granted on 07/04/2022 by Collado Villalba town council. Sales: Out of the 15 housing units that make up the project, all of them are reserved (3 through exchange), meaning that 100% of the development is currently reserved. Project status: Since the funding of the seventh phase of the project, construction work has progressed to 83,02%. Minimum investment: €300.
We present Collado Villalba VIII, the eighth phase from a fixed-rate project that will finance the expenses for the cancellation of the mortgage charge as well as the costs associated with the development of 15 flats, 25 parking spaces and 15 storage rooms, located in the Montevilla Urbanization in Collado Villalba, Comunidad de Madrid (Spain). The building will have three floors distributed as follows: Ground floor: 5 flats with 2 bedrooms, 2 bathrooms, kitchen, living - dining room and large gardens. First Floor: 5 flats with 2 bedrooms, 2 bathrooms, kitchen, living - dining room and terrace. Second floor (Attic): 4 flats distributed as follows, 2 flats with 2 bedrooms, 2 bathrooms, kitchen, living - dining room and terrace. And other 2 flats with 3 bedrooms, 2 bathrooms, kitchen, living - dining room and terrace. In additional 1 villa with 3 bedrooms, 2 bathrooms, 1 toilet, kitchen, living - dining room and large garden. The total built area of the development is 2.144,00 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 Collado Villalba, in the name of the promoter. This loan of 227,900 € corresponds to the eighth phase of a project of 2,000,000 €, the investors having already financed a total of 1,672,100 € to the developer in previous phases, the final maturity date of which has been extended to 31 March 2025 following the lenders' meeting held on 1 August 2024. 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.
The mortgage collateral provided by the developer is the 15 dwellings which are the object of the project, located in the residential development Montevilla en Collado Villalba, Comunidad de Madrid (Spain).
Investors entering this new phase of the project will novated to the mortgage guarantee already granted by the developer to investors in the previous phases, consolidating as a single first mortgage guarantee for all investors in the different phases.
According to the valuation certificate carried out by Valum on 20/08/2024, the current mortgage/appraisal value of the described property amounts to €2.762.077,40.
Therefore, the appraisal value of the mortgaged property for the loan is 145,37% (mortgage value €2.762.077,40/ loan amount €1.900.000). The Loan To Value (LTV) of the project is 68,78% (loan amount €1.900.000/ current appraisal value €2.762.077,40).
The estimated value of the property upon completion according to the comparison method amounts to €4.044.131,01.
The Security Agent chosen for this project is Monk Advisor 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. Monk Advisor S.L. is not affiliated with any financial services group.
The promoter of the project is the company VILLAMARPY CONSTRUCCIONES S.L. (commercial name MARPY), is a company belonging to the construction sector in the field of building both new construction and renovation, rehabilitation and maintenance of real estate. The developer company is also responsible for the processing of licenses, execution projects, execution of works, as well as legalization of buildings.
The promoter of the project is the company VILLAMARPY CONSTRUCCIONES S.L. (commercial name MARPY).
VILLAMARPY CONSTRUCCIONES S.L. is a group of professionals with numerous projects and has a share capital of 3.010,00€ at 31 December 2023.
This is the second project of the promoter in FIIN together with the San Sebastián de los Reyes project financed and already fully repaid (for a total amount of €600,000).
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 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.
FIIN 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, FIIN 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 FIIN. It does not affect the final profitability obtained by the investors, since the developer is the one who assumes its cost. In this opportunity, FIIN' commission is 6% + VAT being the commission financed within the opportunity.
FIIN 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.
FIIN 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.
FIIN 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 FIIN based on available information provided by the developer. Neither FIIN 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, FIIN 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 REGULATION (EU) 2020/1503 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 7 October 2020 on European crowdfunding service providers for businesses, it is hereby informed that this project may involve related parties, in accordance with FIIN' Internal Code of Conduct, who may acquire the status of investors and therefore of lenders. The final amount and participation of these parties will be communicated to all project investors once the funding has been completed.
The references to law 5/2015 are as a consequence of being a phase 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: FIIN 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, FIIN 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 FIIN 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 FIIN 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 FIIN 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.
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Funding started
Sept. 2, 2023
