- Income-Generating Asset: The residential property is currently leased to a senior care service operator under a rental agreement, generating a monthly rental income of 5,500 EUR. After acquiring the property, the project owner plans to collaborate with a new service operator to increase monthly rental income.
- High Demand: The demand for senior care services in Spain is continuously growing, as more than 20% of the population is over 65 years old, and this number is increasing. Currently, over 40 seniors are waiting for the opportunity to move into this property, ensuring a stable rental income.
- Profitable Business Model: Providing senior care services in Spain is highly popular, with strong demand and limited supply. These market conditions ensure stable and growing revenues while allowing for the full realization of the business potential.
- Liquidity: Due to its strategic location and the continuous increase in demand, this property has significant potential for easy resale. The residential property is being purchased below market value, meaning that with minor renovations or upgrades, its value and liquidity could further increase.
Interest by investment amount:
– From 100 EUR to 349 EUR – 8.30%
– From 350 EUR to 1 749 EUR – 8.70%
– From 1 750 EUR to 7 499 EUR – 9.10%
– From 7 500 EUR – 9.50%
Important: investments made separately are not aggregated and cannot be pooled.
About the Project:
The project owner intends to acquire a single-family residential property located in the heart of Málaga, just 17 minutes from the city center. Built in 1980, the property is currently used as a senior care home and offers 557–600 m² of living space on a 13,25 acres plot. This type of real estate is a rare find on the market, as out of the 48 properties currently for sale in this area, 36 are single-family homes, and only 4 have a built-up area exceeding 600 m². The property is currently leased to an external senior care service operator, generating a monthly rental income of 5,500 EUR. The operator is highly interested in extending the lease agreement due to the significant demand—more than 40 seniors are waiting for a place in this residence.
Upon acquiring the property, the project owner plans to continue working with senior care service providers by either extending the lease with the current operator or partnering with a new one. Additionally, one of the potential strategies includes selling the property after renovation, which would significantly increase its value. The residence is located in a prestigious, high-end residential area of Málaga, where the supply of such properties is low, while demand remains high. With minor repairs or renovations, the property’s value and liquidity could further increase due to its strategic location and growing demand.
Loan Information:
The project's interest payments will be covered using the project owner's accumulated funds and stable rental income. Meanwhile, the loan repayment strategy includes two options: refinancing with a local bank or selling the property.
The target amount is 875,000 EUR. The amount may be raised in stages, and interest for investors will accrue from the period when the full required amount is collected and the Notarial transaction takes place. The project is funded based on the existing appraised value of the collateral until the maximum Loan-to-Value (LTV) ratio is reached. Once the maximum LTV is met, a new property valuation will be conducted, and further financing rounds will only proceed if they do not exceed the set LTV limit.
We plan to raise the required amount within 7 days, with the possibility of extending this period up to 30 days if the funds are not raised.
About the Profitus
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. Monetary operations on the platform are carried out in cooperation with Paysera and Trustly. The risk relating to the project and project owner are assessed on the basis of information provided by Creditinfo.