Real Estate, Spain

Oviedo

For the first time at Housers; OVIEDO! Development Loan opportunity: 10% in 12 months!  Type of Opportunity: Loan Modality: Development Loan1 Invest in Oviedo, the second most populated municipality of Asturias with an exceptional development loan opportunity that consists of […]

Rent / Interest
10%
Raising
€900.000
Available
€42.000
Found
8-01-2018
Ended
1-02-2018

For the first time at Housers; OVIEDO! Development Loan opportunity: 10% in 12 months! 
Type of Opportunity: Loan Modality: Development Loan1
Invest in Oviedo, the second most populated municipality of Asturias with an exceptional development loan opportunity that consists of conceding a loan to a project developer for the construction of a residential building with 17 apartments in La Florida, one of the neighborhoods in Oviedo with the highest growing index.
Some key points of this opportunity:
The residential building will be located on the street Bermudo 1, with direct access towards the center of the city in 10 minutes by car and 15 minutes with public transport. 
The building benefits from great views from all angles with two sides of the building facing the garden while the other has views to the main street. The apartments will have 1, 3 or 4 bedrooms, there will be a penthouse, as well as storage space and a parking space. The distribution will be as follows:
The project developer HERGUT S.A., is dedicated to the promotion and construction of high quality residences, administered through an industrial engineering and technical architecture agency. It’s an Asturian company with private capital, founded in 1985. It has more than 20 years of impeccable experience and practice in the real estate sector.
In addition, it is important to know that GOC will carry out the monitoring of this type of projects so that there will be a permanent control of all the money contributed by the investors.
In the following graphic you can see the yield-risk relationship for this type of opportunities: loan for development. 

Diversify and be a part of the first opportunity in Oviedo!
Risks and warnings: Housers is not a credit institution nor an investment services company. Investment in projects published by HOUSERS is not covered by any investment fund. This project has not been supervised by the CNMV, the Bank of Spain or any other regulator, Spanish or foreign. The information provided by the promoter has not been reviewed by the CNMV nor is it a prospectus approved by the CNMV. Housers does not provide financial advice, so nothing on this website should be interpreted as such. The investment in this project involves the following risks: risk of total or partial loss of the invested capital, risk of not obtaining the expected cash yield and risk of illiquidity to recover the investment as well as the risk that the tenant does not pay the monthly rent or be late in payment; subordinate character of the loan, in particular to the mortgagee, in those cases in which the acquisition of the property object of the project is financed additionally by means of loans with mortgage guarantee. The expressed profitability is based on mere estimates of the future evolution of the amount of the rents and the prices of the properties, which may or may not occur. The developer accumulates 1 project on the platform, which entails an additional risk of concentration. The promoter has limited own resources so that his responsibility in the project is limited to 257,797.88 euros. The maximum term to invest in this opportunity may be lengthened by an additional 25% to the term originally foreseen, in accordance with the Law for the Promotion of Business Financing. Likewise, HOUSERS may close the financing of this opportunity / project closed when it has been financed by 90%. You have enlarged this information here.

1 Development Loan: Loan at a 12-month fixed rate to the real estate developer where interest is distributed monthly and the principal is amortized at the end of the project.

2 Fixed annual interest of the loan. Although, the interest is not guaranteed, there is an additional guarantee provided by the developer. For more details see the Promoter’s Report.

Housers is primarily a savings platform through property investment. Traditionally, people with high saving abilities or great financial capital, would invest in the real estate industry due to the safety that those assets provide, since the risk of a total loss on a property investment is very unlikely. But also, because the historic average of the profitability of the real estate industry equals or beats most of the available financial products, meaning that the risk-profitability relation is one of the best on the market for saving or for the creation of a long-term heritage.

housers.com/en

Origin Spain
Main Currency EUR
On Yieldport 0 open opportunities
105 total opportunities
Average Investment Target € 349.216

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