General Information

  • IRR%: 15
  • CoC%: -
  • Minimum: 100 EUR
  • Type: lending
  • Asset: residential-single
  • Investors: 73
  • Start Date: 2019-02-12
  • End Date: 2019-03-08
  • Target: 223.11k EUR
  • Completed: 100%

Additional Information

  • Carrer de les Canàries, 15
  • 17210
  • Calella de Palafrugell
  • Girona
  • Spain

The Promoter

PropCrowd is the real estate crowdfunding platform born from the alliance with Fincas Forcadell, the reference real estate group in Barcelona with more than 60 years of experience in the market.

Highlights

- Location property: Calella de Palafrugell

- Purchase-reform-sale projectby the team of professionals at PropCrowd/Forcadell

- Appraisal of the property carriedout by an independent appraiser authorised by the Bank of Spain

- The purchase price of the property is35% below the market value because of the foreclosure process that is currently falling on it.

- The home will be purchased freeof charge and mortgages

- Participative loan withvariable interest at a target profitability of 14.96% of the project and an annual IRR of 19.95%.

- Estimated time of return: 8 months

- Minimum investment: 100eur

The project

This is a cosy apartment located in a residential complex in Calella de Palafrugell, the charming fishing village of Costa Brava.

The complex consists of 3 buildings and different community areas to enjoy the privileged environment in which it is located. It has a swimming pool, tennis courts, gardens and private parking.

The ground floor apartment consists of 76m2 plus 80m2 distributed in 2 terraces of 40m2 each. It has 3 bedrooms, 1 large bathroom, kitchen, living room and laundry room.

The reform will consist of the renovation of the electrical installation, change of bathroom and kitchen, replacement of all windows by new aluminum carpentry and various actions of minor work, such as painting, conditioning of terraces, repairs, etc ...

The Loan

The loan is aimed at financing the purchase and refurbishment of the home and its related expenses, all shown in the Feasibility Study conducted which is shown in Attachments

- Product Type:Participative Loan

- Annual return (IRR) Target:19.95

- Target profitability of the project:14.96%.

- Estimated time of return: 8 months

- Payment frequency: due

- Developer: PropCrowd, S.L

- Total capital to be financed: 223.114eur

Promotions

Promotion 0,5% additional.

Get an additional 0.5% on the investment value of each friend or family member.

For more details of the promotion consult the document CalellaCrowd Promotion.

Project offered by

PropCrowd

Propcrowd is the platform that allows you to invest in the real estate sector from just 100eur

Would you like to add this platform to your list?

Please Log In first

Don't have an account yet?

Sign up & enjoy all the services BrickFunding provides
Register