- Experienced developer: The project owner has experience in residential real estate development in the Toledo and Madrid regions. In total, the developer has completed approximately 260 residential units with a total area of approximately 40 000 m².
- Construction progress: Construction works are progressing according to plan. The foundations of 7 out of the 8 houses have been completed. The structural shell of the first house has been completed, the second house is nearing completion, and part of the load-bearing structure of the third house has already been built.
- Market demand: The developer has already signed 3 preliminary reservation agreements, demonstrating strong market interest in the project. Demand for detached houses in the El Viso de San Juan area continues to grow, while the supply of newly built homes remains limited.
Interest rates by investment amount:
– From EUR 100 to EUR 299 – 9.00%
– From EUR 300 to EUR 699 – 9.30%
– From EUR 700 to EUR 2 999 – 9.60%
– From EUR 3 000 to EUR 9 999 – 10.00%
– From EUR 10 000 – 10.50%
Important: Individual investments are not cumulative and cannot be combined.
About the Project:
The project owner is developing a new residential housing project in El Viso de San Juan, Toledo Province, Spain. The project is being developed on a plot owned by the developer, where 8 detached single-family houses with a total above-ground area of 856.56 m² will be constructed.
The project is located in one of the most promising residential development areas surrounding Madrid. El Viso de San Juan forms part of the rapidly growing southwestern suburban corridor of Madrid, where demand for affordable detached housing continues to increase. While many residents commute daily to Madrid, a significant share of demand is also generated by the nearby Illescas logistics and industrial hub, home to international companies such as Amazon, Airbus, and other logistics operators. The region is experiencing a limited supply of newly built housing, allowing new detached housing developments to maintain strong buyer interest.
Construction works are progressing according to plan. The foundations of 7 out of the 8 houses have already been completed. Construction of the above-ground structural shells is also underway: the structural shell of the first house has been fully completed, the second house is expected to be completed shortly, and part of the load-bearing structure of the third house has already been built. According to the independent valuer's and the project architect's report, the overall construction progress currently stands at 17%.
The funds raised during this stage will be used to continue the construction of the structural shells of the houses currently under construction, commence structural works on the remaining houses, and complete the foundation works for the fifth house together with the expansion joint works included in the project.
The project currently has 3 signed preliminary reservation agreements for residential units. Construction is scheduled to be completed in Q2 2027.
Total projected sales revenue is approximately EUR 2.33 million.
Loan information:
The loan will be repaid from the proceeds generated by the sale of the properties or through refinancing with another credit institution. Interest will be paid from the company's working capital.
The maximum planned project financing amount is EUR 1 200 000 (EUR 200 000 has already been funded). The project is financed based on the current valuation of the pledged property until the maximum permitted loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new construction progress certificate will be required to update property values, and subsequent financing stages will be announced and funded only if the established maximum LTV is not exceeded.
The target amount is planned to be raised within 7 days, with the possibility of extending the funding period to up to 30 days if the full amount is not raised within the initial period.
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.
