- Unique location: The project is being developed in a central and prestigious location in León, in a historic square that attracts significant tourist flows. Tourism accounts for 70–80% of all overnight stays in the city.
- Construction progress: Construction works are progressing successfully and have currently reached more than 75% completion. The building’s exterior structural works have already been fully completed, and only the final façade finishing works on the ground floor are currently underway. Interior fit-out works have reached approximately 70–80% completion. The project is approaching the final stage of interior finishing.
- Additional security: The company's shareholders provide personal guarantees for the entire loan amount.
Interest rates based on investment amount:
– From EUR 100 to EUR 349 – 8.00%
– From EUR 350 to EUR 749 – 8.30%
– From EUR 750 to EUR 2 999 – 8.60%
– From EUR 3 000 to EUR 9 999 – 9.00%
– From EUR 10 000 – 9.40%
Important: Individual investments are not accumulated and cannot be combined.
About the Project:
The project owner is continuing the development of a short-term rental apartment project in one of Spain’s most historically significant cities – León. The project is being developed at Plaza Puerta Obispo, No. 15 D, in the city centre, within a prestigious and highly frequented tourist square, considered one of the most attractive locations for short-term rental activity in the city.
Construction works are proceeding according to plan and have currently reached more than 75% completion. The building’s exterior structural works have already been fully completed, with only the final façade finishing works on the ground floor remaining. Significant progress has also been achieved in the interior fit-out phase – the staircase and elevator have been installed, while the installation of engineering systems (electricity, water supply, sewage, and other technical networks) within the apartments has reached approximately 70–80% completion.
At this stage, the raised investments will be used to finance the remaining interior fit-out works and the completion of the project. A total of EUR 205 000 of the developer’s own funds has already been invested into the project, demonstrating the owner's commitment to its successful completion.
Upon completion and commencement of short-term rental operations, the project is expected to generate EUR 173 002 in net rental income during the first 18 months.
The attractiveness of the project is further strengthened by its location. León is a city with a strong historical and cultural identity, where 70–80% of all hotel overnight stays are generated by domestic Spanish tourists. Due to strict heritage preservation requirements, opportunities for new developments in the city centre are extremely limited, resulting in a restricted supply of quality short-term rental properties.
Loan Information:
The loan will be repaid through refinancing with another credit institution. Interest payments to investors will be made from the company’s operating funds.
Maximum planned project financing amount: EUR 850 000 (EUR 730 000 already funded). 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 achieved, a new property valuation will be required. Further project financing stages will only be announced and funded if the established maximum LTV ratio is not exceeded.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising period up to 30 days if the amount is not fully raised.
About the Profitus
Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros. Profitus investments are secured by real estate mortgages, Your investment is secured by a first or second mortgage on the property, as well as by other collateral (e.g. a surety or guarantee). Transactions are managed through Lemonway, a regulated payment service provider.
Profitus is a crowdfunding and investment platform whose main goal is to make investment available to everyone. Investments start at 100 euros, and the platform is open 24/7. Investments are secured by pledging real estate and other collateral (e.g., indemnity or warranty). Different projects have different security tools that users can access in self-service for each project.
Profitus consults with the Bank of Lithuania in order to ensure perfect compliance with the law. Profitus operates with Lemonway, a regulated payment service provider.
