- High Completion Level: The project's construction works are approximately 69% complete, meaning that the scope of remaining construction works and the risks associated with project implementation are lower than those of an early-stage development project.
- Attractive Location: The project is being developed in Altea Hills, a high-end residential area on the Costa Blanca. According to the market information provided, property prices in this area have increased by approximately 60% over the past five years.
- Conservative Pricing: The business plan assumes an average selling price of approximately 3 550 EUR/m², while asking prices for comparable newly built villas in the Altea Hills area exceed 5 000 EUR/m². This provides a buffer against potential price fluctuations and an opportunity to increase prices during the sales process.
- Experienced Team: The project developer has more than 21 years of experience in real estate and architecture. During this period, 470 detached residential houses and 90 apartment buildings have been completed in the Czech Republic. A team of local specialists has also been assembled for the project's implementation in Spain, including lawyers, architects, sales representatives and financial consultants.
Interest Rates Based on Investment Amount:
– From 100 EUR to 299 EUR – 9.50%
– From 300 EUR to 699 EUR – 9.80%
– From 700 EUR to 1 999 EUR – 10.10%
– From 2 000 EUR to 6 999 EUR – 10.40%
– From 7 000 EUR to 24 999 EUR – 10.80%
– From 25 000 EUR to 49 999 EUR – 11.20%
– From 50 000 EUR to 99 999 EUR – 11.60%
– From 100 000 EUR – 12.00%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
"Infinity Villas Altea" is a high-end residential real estate project located in Altea Hills, Alicante Province, on Spain's Costa Blanca coast. The project consists of 12 semi-detached villas, which will be pledged as collateral for the loan in favour of investors. The project is being developed in the prestigious Altea Hills residential area, on the slopes of the Altea hills. The villas are designed in a contemporary minimalist style, with particular attention paid to construction and finishing quality, spacious living areas and the advantages of the surrounding landscape. The villas offer views of the Altea mountains, wooded valleys and, from some of the properties, the Mediterranean Sea.
The developer acquired the project, consisting of 12 villas, three years ago, when construction works were approximately 69% complete. To date, the developer has invested 3 524 440 EUR of its own funds in the project. Of this amount, 2.26 million EUR was allocated to the acquisition of the project, while the remaining funds were used to cover documentation, administration and construction costs.
The funds raised will be used to finance the remaining construction works, as well as administrative, project-related and financing expenses required to complete the project.
The total area of the 12 financed villas is 4 501 m². The projected average selling price per villa is approximately 843 thousand EUR. Total projected sales revenue amounts to 9 431 400 EUR.
The project has a building permit issued in 2003, and the municipality has confirmed that it remains valid. Since the previous financing stage, the project developer has completed the necessary procedures related to documentation and property insurance. The construction completion level has remained unchanged during this period at approximately 69%.
Sales Potential:
The developer's business plan applies a conservative sales pricing strategy of approximately 3 550 EUR/m². According to the market analysis provided by the developer, asking prices for comparable newly built villas in the Altea Hills area exceed 5 000 EUR/m². The developer plans to launch sales at a lower price level and gradually increase the prices of the remaining properties once the first villas have been sold and market demand has been confirmed. Additional sales potential comes from the project's appeal to a broad range of buyers, including both Spanish and international clients seeking high-end residential real estate on the Costa Blanca.
Project Location:
Altea Hills is a predominantly residential area valued for its tranquillity and privacy, while also offering well-developed infrastructure. The sea can be reached in approximately 10 minutes by car, and golf and tennis facilities are located nearby. The area is also suitable for hiking, cycling and water sports. Alicante International Airport provides convenient transport connections, while Benidorm is approximately 15 km away. Nearby Altea is known for its historic old town, white architecture, narrow streets, restaurants and Mediterranean coastline. The wider Costa Blanca region, including Altea, Calpe, Jávea and Moraira, is popular among both domestic and international property buyers.
Loan Information:
The loan is expected to be repaid from the proceeds of villa sales. Interest will be paid from buyers' advance payments or the company's operating income.
The maximum planned financing amount for the project is 4 300 000 EUR (600 000 EUR already raised). The overall project loan term is 18 months; however, funds will be raised in stages, and the term of the funds raised during this stage is 15 months.
Please note that before the mortgage agreement is signed, the loan amount will be transferred to the notary's escrow account. The notary will release the loan amount after the mortgage agreement has been signed and first-ranking mortgage priority has been secured. Registration of the mortgage after the disbursement of funds may take up to several weeks. Interest for investors will begin to accrue from the date of signing the mortgage agreement, in accordance with standard Spanish market practice.
The target amount is planned to be raised within 7 days. However, if the funds are not collected within this period, the fundraising period may be extended to 30 days.
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.
