Description

wecity.io is in compliance with law 5/2015 and is authorized by the Comisión Nacional del Mercado de Valores (CNMV) as a Participatory Financing Platform, listed with registration number 30.

Villa Mimosas, S.L. requests financing from wecity for this opportunity which consists on the integral renovation of a villa in the seaside area, specifically in Calle Mimosa 36, San Pedro de Alcántara, Marbella, with a total living area of 375 m² + 80 m² of terraces in a 1,400 m² plot with a garden and a swimming pool.

Skin in the Game: wecity and its partners invest in this opportunity.

Investor, before making your investment please read the Basic Information for Investing Client. Past returns do not guarantee future returns.

Project overview

The project consists on acquiring the entire Villa, with the aim of carrying out its integral rehabilitation with first class qualities, within a set period of time established in the business plan, and with the final purpose of selling it to a third party.

The property is located in the prestigious Altavista residential complex in San Pedro de Alcántara, between Guadalmina Alta and the downtown area. It is just a few metres away from shops, schools, the health centre and El Bulevar, as well as having the best possible access to the shoreline motorway.

With a funding target of € 1,067,610 (earmarked for the purchase of the Villa and subsequent integral rehabilitation) you can participate in an “Equity” operation with an estimated sales target, in a conservative scenario, of € 1,300,000, and which will generate a profit on its sale (capital gain). The term of the transaction is estimated in 12 months. The total estimated profit after tax is 16.84 %.

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“If I invest € 10,000 I will have an estimated profit of € 1,684 in 12 months”.

This is a project with direct participation of the Sponsor (developer) Villa Mimosas SL. Specifically, its contribution to equity is €98,610. There is a mortgage loan for an amount of € 369,000, which together with the € 600,000 from wecity investors makes a total of € 1,067,610. This represents a contribution of 14% of the developer’s own funds, which evidences its commitment to the project. You can review the complete financial plan in the Documents section.

“The developer contributes with 14 % of the operation, more precisely € 98,610”.

Villa Mimosas SL’s role will consist on developing and executing the project in accordance with the deadlines established in the business plan, managing the project and, in general, ensuring the interests of the shareholders.

With a minimum investment of 500 € and no investment limit, you can participate in this opportunity that offers excellent benefits.

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The property

Villa Las Mimosas is an opportunity to purchase a villa in one of the main residential neighbourhoods in Marbella, which features in terms of orientation and views make it a first class asset.
It is a Villa in a 1,400 m² plot with a garden and a swimming pool, 375 m² of living space and 80 m² of terraces, ideal for the development of a very high quality project, with 5 en-suite bedrooms with great natural light. Its outdoor areas with a swimming pool and a barbecue replicating the “Chill Out” concept, so typical of this area; as well as its orientation and its views to Gibraltar make it an unbeatable Villa.

3D Visualization

References

Surrounding area and location

This is undoubtedly one of the strengths of the asset. Villa Las Mimosas is located in the Altavista residential complex, between prestigious Guadalmina Alta and the downtown area.
It is just a few metres away from shops and a wide variety of services, and only a 5 minute drive away from the beach.
Its unbeatable communications and easy access to the shoreline motorway make Villa Las Mimosas an asset in a superb location.

Compliance with Regulation (EU) 2020/1503. 🇪🇺

Risk warning

Investing in this crowdfunding project involves risks, including the risk of partial or total loss of the money invested. Your investment is not covered by the deposit guarantee schemes established in accordance with Directive 2014/49/EU of the European Parliament and of the Council (*). Your investment is not covered by the investor compensation schemes established in accordance with Directive 97/9/EC of the European Parliament and of the Council (**). You may not get any return on your investment. This is not a savings product and you are advised not to invest more than 10% of your net wealth in crowdfunding projects. You may not be able to sell the investment instruments whenever you want. Even if you can assign them, you could suffer losses.

Pre-contractual cooling-off period for inexperienced investors

Inexperienced investors have a cooling-off period of four (4) days during which they can, at any time, revoke or withdraw, at any time, from their investment offer or expression of interest in the participatory financing offer without having to justify their decision and without incurring a penalty. The cooling-off period begins at the moment when the potential inexperienced investor makes an investment offer or expresses interest and expires four calendar days from that date. To exercise their right of revocation, Investors may send an email to the following address: reclamaciones@wecity.io, filling in the “subject” field of the email as follows: “REVOCATION – Name of the Opportunity – Full name of the Investor”. In the event that a monetary contribution has been made in connection with the financing offer, this amount will be returned as soon as possible to the wallet that, as an investor/user of the ‘WECITY’ Platform, has been opened in the Payment Institution ‘LEMONWAY’.

Credit risk

Credit risk is defined as the loss that may occur in the event of non-payment by the counterparty in a financial transaction. In this specific case, the risk that the Promoter will not pay the principal and/or interest of the Loan.

Sector risk Risks inherent to the specific sector.

These risks may be caused, for example, by a change in macroeconomic circumstances, a reduction in demand in the sector in which the participatory financing project operates and dependencies on other sectors. In any case, the investor must bear in mind that adverse economic conditions or cyclical changes may lead to a weakening of the Promoter’s ability to meet its financial commitments in relation to the loan.

Risk of default

The risk that the project developer may be subject to insolvency proceedings and other events affecting the project or the project developer that result in the loss of the investment for the investors. These risks may be caused by a variety of factors, including, but not limited to: (serious) change in macroeconomic circumstances, mismanagement, lack of experience, fraud, financing not fitting with the corporate purpose, failure in the product launch or lack of liquidity. In the event of the Promoter’s bankruptcy, the holders of the credits will be considered as credits with special privilege, as they are secured by a mortgage guarantee, in accordance with the cataloguing and order of priority of credits established by Royal Legislative Decree 1/2020, of May 5, which approves the revised text of the Bankruptcy Law (hereinafter, the “Bankruptcy Law”), except for those amounts that, in accordance with Article 272 of the Bankruptcy Law, should be classified either as ordinary credit or as subordinated credit, as appropriate.

Risk of lower or delayed return

The risk that the return will be lower than expected or that the project will default on the payment of principal or interest.

Risk of illiquidity of the investment

The risk that investors will not be able to sell their investment. There is no active trading market for the loan, so it is possible that the investor will not be able to find a third party to whom to assign the loan.

Other risks

Risks that are, among others, beyond the control of the project developer, such as political or regulatory risks.