Pre-opening | BDkapital Prepares a €500,000 Mortgage-Backed Loan to Refurbish a Building into 6 Homes and 2 Studios in San Bartolomé de Tirajana (Gran Canaria)

17/09/2026 – ⏱ 3 min

This article is for informational purposes only and does not constitute investment advice or a recommendation of any kind.

BDkapital, a crowdfunding platform authorised by the CNMV under number 23, is preparing a mortgage-backed loan call for Proyectos y Estructuras Nedet, S.L. The funds finance the refurbishment of a four-storey building at Calle Brasil, 55, in San Bartolomé de Tirajana (Gran Canaria), which will yield six homes and two studios for sale.

The funding target is €500,000, at a fixed rate of 9.5% per annum, with principal and interest repaid at maturity over a 14-month term from drawdown. The platform puts the total return at 11.67% and the APR at 9.925%; this estimate is subject to investment risk and is not guaranteed. Early repayment is allowed with a fee. The fact sheet does not state the opening date and time, the minimum investment or the scoring grade in text.

Asset description, construction progress and sales traction

The works cover changing the use of the commercial unit into two homes, relocating the courtyard, installing a lift, reorganising the internal layout, new installations and horizontal division. The homes will be around 50 sqm and the studios around 30 sqm. The developer has disbursed some €290,000 and projects sales income above €1,800,000.

Only minor works have begun, under a Responsible Declaration: the main works licence has been applied for and not granted, with obtaining it anticipated "in the coming weeks", so the 14-month term runs without that milestone confirmed. On sales there are five reservations, not signed purchase contracts.

Financial structure, coverage ratios and security

The security is a mortgage over plots 20070, 20072, 20074 and 20076 at Land Registry number 1 of San Bartolomé de Tirajana, valued at €918,550.55 in their current state and €1,732,996.55 on completion. The loan-to-value ratio is 54.43% and 28.85% respectively; the second depends on the works actually being completed. The developer is not the registered owner: it acts under a special power of attorney from the titleholder, who stands as non-debtor mortgagor and must ratify before a notary, a ratification still pending.

The contract is subject to a condition precedent until the minimum target is reached. Drawdowns are released by an external company against a milestone schedule, with undrawn funds held at the payment institution Lemonway. The company, incorporated in 2018, does not appear in default registers or insolvency proceedings according to the platform's own report, which is not an independent credit rating. BDkapital charges the investor no fee.

Non-sophisticated investors have a four-calendar-day pre-contractual reflection period during which they may revoke their offer without justification or penalty. This is a crowdfunding product, not a deposit or a guaranteed savings product. It carries risks of illiquidity, of total or partial loss of principal and of obtaining a return below the estimate, as well as operational, inflation and fraud risks, with no ability to influence the developer's management. It is not supervised by the CNMV or the Bank of Spain, and has neither the deposit guarantee scheme cover provided for in Directive 2014/49/EU nor the investor compensation scheme provided for in Directive 97/9/EC. Investors may not recover the capital contributed.

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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.