• Unique location: The project is being developed in a central and prestigious area of León, in a historic square where tourist flows concentrate. As much as 70–80% of all overnight stays in the city are generated by tourism.
• Construction progress: Construction is at an advanced stage, with the current execution rate reaching 59.20%. The exterior works of the building, particularly the roof installation and façade cladding, are practically completed. Inside, partitioning works have already been finished, and the current focus is on the progress of engineering installations (electrical and water supply and sewage systems).
• Additional security: The company’s shareholders provide an additional personal guarantee for the full loan amount.

Interest rates according to the investment amount:
– From 100 EUR to 349 EUR – 8.00%
– From 350 EUR to 749 EUR – 8.40%
– From 750 EUR to 1 999 EUR – 8.80%
– From 2 000 EUR to 4 999 EUR – 9.20%
– From 5 000 EUR to 9 999 EUR – 9.60%
– From 10 000 EUR to 24 999 EUR – 10.00%
– From 25 000 EUR – 10.50%
Important: individual investments are not aggregated and cannot be combined.

About the Project:
The project owner continues the development of short-term rental apartments in one of the most historically significant cities in Spain – León. The project is located at Plaza Puerta Obispo, No. 15 D, in the central part of the city, in a prestigious and highly visited tourist square, considered one of the best locations in the city for short-term rentals.

The project is progressing successfully – since the previous stage, the construction completion level has increased from 25.75% to 59.20%, meaning that the progress of works has reached 33.45%. The exterior works of the building, particularly the roof installation and façade cladding, are practically completed. Inside, partitioning works have already been finished, and the current focus is on the progress of engineering installations (electrical and water supply and sewage systems).

At this stage, the funds being raised will be allocated to the further development of the project.

A total of 205 000 EUR of own funds has already been invested in the project, and during the first 18 months from the start of short-term rentals, it is expected to generate 173 002 EUR in net rental income from short-term tourist accommodation.

León is a well-established historic city with a strong identity, where the tourism sector is largely driven by the domestic market: up to 70–80% of all hotel overnight stays are generated by Spanish tourists. This is a unique location where obtaining a construction permit is extremely difficult, and opportunities for new development projects are very limited.

Loan information:
The loan will be repaid through refinancing with another credit institution, while interest payments to investors will be made from the company’s operating funds.

Maximum planned project financing amount: 850 000 EUR (590 000 EUR has already been raised). The project is financed based on the current valuation of the pledged asset until the maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation will have to be carried out, and further project financing stages will be announced and collected only if the established maximum LTV is not exceeded.

The amount being raised is planned to be collected within 7 days, with the possibility to extend the period up to 30 days if the funds are not collected within the initial timeframe.