Pre-opening | BDKapital finances €400,000 for the second phase of a 10-home building in San Bartolomé de Tirajana (Gran Canaria), at 9.5% per year

28/07/2026 – ⏱ 4 min

This article is for informational purposes only and does not, under any circumstances, constitute investment advice or a recommendation.

The crowdfunding platform BDKapital, authorized by the CNMV and registered as a Crowdfunding Service Provider under number 23, is preparing a real estate investment opportunity in the south of Gran Canaria. The operation consists of a mortgage-secured loan to the company Proyectos y Estructuras Nedet, S.L., corresponding to the second financing phase of the construction of a building of 10 homes, 6 parking spaces and one commercial unit at Calle Venezuela, 12, corner of Avenida de Las Américas, in San Bartolomé de Tirajana. Investors should keep in mind that any reference to return is inseparable from the corresponding risk, which is described below.

Financial Terms of the Operation

The loan amounts to €400,000, with a fixed annual interest rate of 9.5%, an APR of 9.925% and a term of 14 months, with repayment of principal and interest at maturity. The total return of the opportunity, which takes into account the 14-month term and the agreed fixed interest, is 11.67%, and could increase in the event of early repayment; this estimate is subject to investment risk and is not guaranteed. The financing is allocated to the completion of the building under construction. By agreement with the developer, the project begins to accrue interest from the date of investment on the platform. BDKapital does not charge the investor any commission: the fee (€20,000 plus taxes) is borne by the developer and does not affect the investor's return.

Mortgage Collateral and Coverage Ratio

Repayment of the loan is secured by a mortgage over the plots being built on, registered at Land Registry No. 1 of San Bartolomé de Tirajana. The appraisal of the collateral under the completed-building hypothesis amounts to €2,640,971.52. In this second phase, with 34.13% of the works executed, the current appraisal of the property (22 July 2026) is €1,369,804.08, placing the Loan to Value (LTV) at 69.35% of the current appraisal value. In a first phase, €550,000 was financed (appraisal of €1,013,957.03 on 19 February 2026, with 3% of works executed). Should marketing be brought forward before maturity, the contract provides for full early repayment, with interest accrued up to the repayment date and the corresponding fee.

Asset Description and Commercial Status

The project consists of the construction of a four-floor building with homes of approximately 60 m² each, in a residential setting in the south of Gran Canaria, close to the Playa del Inglés coast and the Maspalomas dunes. The developer owns the land and the permit, with an amount disbursed to date of approximately €800,000, and the earthworks and complete structure of the building are already executed. On the commercial side, 8 homes have been sold and there is a reservation list for the rest; the developer forecasts a remaining works execution period of 13 months. According to the operation's information, the average sale prices for this typology would be around €200,000 per home —up to €300,000 for the penthouses—, which would represent a sales volume of more than €2.6M. A market study notes that in January 2026 the average price of residential properties in San Bartolomé de Tirajana was €4,533/m² (an indicative figure that includes both new-build and second-hand properties).

Developer

Proyectos y Estructuras Nedet, S.L. is a company incorporated in August 2018, dedicated to real estate investment and the construction of buildings for marketing, with activity focused on the south of Gran Canaria. According to the information provided, the company does not appear in default registers or insolvency proceedings and is up to date with payments to the Social Security (TGSS), the Tax Agency (AEAT) and the Regional Tax Agency. This is the developer's second operation with BDKapital.

Risks and Considerations

Among the risks identified by the platform are the risk of total or partial loss of the invested capital, the risk of not obtaining the expected return, operational risk, inflation risk, liquidity risk, the risk of not being able to influence the developer's management, and fraud risk. To mitigate the latter, drawdowns are made through an external firm that monitors the progress of the works and authorizes each disbursement after verifying the milestones, with undrawn amounts remaining in the developer's account at the payment institution Lemonway. It should be borne in mind that repayment depends on the execution of the works and the sale of the homes according to the planned schedule.

In compliance with Regulation (EU) 2020/1503, it is recalled that non-experienced investors have a four-calendar-day pre-contractual reflection period during which they may revoke their investment offer at no cost and without justification. It is also warned that this is a participatory financing product —not a deposit or a guaranteed savings product— and that real estate investments carry specific risks, such as illiquidity, the risk of not obtaining the expected return, or the partial or total loss of principal. The published projects are not supervised by the CNMV or the Bank of Spain beyond the platform's own authorization, and the information provided by the developer has not been reviewed by these institutions. Likewise, the invested capital is not covered by the deposit guarantee fund or the investor compensation scheme.

Realty Investor

Our calendar brings together crowdfunding opportunities from across Europe in one place, so you can plan and follow each issue.

Realty Investor

Your real estate crowdfunding, in one app.

Discover new opportunities. Invest through leading platforms. Manage your whole property portfolio from a single place.

The Realty Investor beta is now available. Explore the market, discover new projects and get to know the platform with simulated money, without putting in any capital.

Download the beta and start discovering a new way to manage your real estate investments.