- High completion level: Project construction is approximately 69% complete, therefore the scope of the remaining construction works and the risks related to project implementation are lower than in an early-stage development project.
- Attractive location: The project is being developed in Altea Hills – a high-end residential area on the Costa Blanca. Based on the provided market information, housing 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 similar new-build villas in Altea Hills exceed 5 000 EUR/m². This provides a buffer against price fluctuations and potential 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 single-family houses and 90 multi-family buildings have been completed in the Czech Republic. A local team of advisors has also been assembled to implement the project in Spain, including lawyers, architects, sales representatives and financial advisors.
Interest rates based on investment amount:
– From 100 EUR to 299 EUR – 8.80%
– From 300 EUR to 699 EUR – 9.10%
– From 700 EUR to 1 999 EUR – 9.40%
– From 2 000 EUR to 6 999 EUR – 9.70%
– From 7 000 EUR to 24 999 EUR – 10.00%
– From 25 000 EUR to 49 999 EUR – 10.30%
– From 50 000 EUR to 99 999 EUR – 10.60%
– From 100 000 EUR – 11.00%
Important: Separate investments are not aggregated and cannot be combined.
About the project:
“Infinity Villas Altea” is a premium residential real estate project located in Altea Hills, Alicante province, on Spain’s Costa Blanca. The project consists of 12 semi-detached villas, which will be mortgaged in favour of investors as collateral for the loan. 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 the quality of construction and finishes, spacious living areas and the advantages of the surrounding landscape. The development offers views of the Altea mountains, wooded valleys and, from some of the villas, the Mediterranean Sea.
The developer acquired the project comprising 12 villas three years ago, when construction was approximately 69% complete. To date, 3 524 440 EUR of the developer’s own funds have been invested in the project. Of this amount, 2.26 mln. EUR was allocated to the acquisition of the project, while the remaining amount was spent on documentation, administration and construction costs.
The funds raised will be used to cover the remaining construction works, as well as administrative, project-related and financing costs associated with completing the project.
The total area of the 12 financed villas is 4 501 m². The expected average selling price of one 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 has not expired. The process of obtaining an updated permit with new construction deadlines is also currently underway.
Sales potential:
The developer’s business plan applies a conservative sales pricing strategy – approximately 3 550 EUR/m². Based on the market analysis provided by the developer, asking prices for similar new-build villas in Altea Hills exceed 5 000 EUR/m². The developer plans to start sales at a lower price level and, after the first villas are sold and demand for the project is confirmed, gradually increase the prices of the remaining properties. Additional sales potential is supported by the project’s appeal to a broader range of buyers – both Spanish and international clients looking for high-end residential property on the Costa Blanca.
Project location:
Altea Hills is predominantly a residential area valued for its tranquillity and privacy, while also benefiting from well-developed infrastructure. The sea can be reached in approximately 10 minutes by car, golf and tennis facilities are available nearby, and the area is suitable for hiking, cycling and water sports. Alicante International Airport provides convenient connections, while Benidorm is approximately 15 km away. The nearby town of Altea is known for its historic old town, white architecture, narrow streets, restaurants and Mediterranean coastline. The wider Costa Blanca area, including Altea, Calpe, Jávea and Moraira, is popular among both local and international property buyers.
Loan information:
The loan is expected to be repaid from the proceeds of villa sales. Interest will be paid from advance payments or the company’s operating income.
Maximum planned project financing amount: 4 300 000 EUR. The project loan term is 18 months; however, the funds will be raised in stages, and the funds raised at this stage will have a term of 18 months. Please note that the loan amount will be transferred to the notary’s escrow account before the mortgage agreement is signed. The notary will release the loan amount after the mortgage agreement is signed and mortgage priority is obtained. Mortgage registration may take up to several weeks after the funds are disbursed. Interest for investors will start accruing from the date the mortgage is signed, in accordance with standard Spanish market practice.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising period up to 30 days if the funds are not 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.
