Pre-opening | Raizers Funds the Completion of a Detached House in Bolnuevo (Mazarrón) with €250,000

24/09/2026 – ⏱ 3 min

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

Raizers is preparing a €250,000 loan to Brothers Management & Investiment, S.L. to complete a detached house with a pool in Bolnuevo, in the coastal municipality of Mazarrón (Murcia). Any reference to return is inseparable from the risk, which is set out below.

The rate is 11% per annum and the term 12 months, with a six-month minimum, interest paid annually and principal repaid on delivery of the house; the loan will be drawn in two tranches. The fact sheet does not state the opening date, the minimum investment or an internal rating.

Asset description, construction progress and sales traction

The house sits on a 488 sqm plot in a residential area some ten minutes' walk from the beach, 70 km from Murcia. It has 210 sqm over three levels: a basement with garage and utility room, a ground floor with two bedrooms and an open-plan living, kitchen and dining area, and a first floor with two more bedrooms and a terrace of over 30 sqm.

The permit was obtained in February 2026 and as of 28 August works stood at 25%, with structure, foundations and site preparation around 95% complete. The developer started with its own funds and continued with the buyer's advances; it is now asking Raizers for the funds to finish construction, without the fact sheet publishing the outstanding works budget.

Marketing comes down to a single contract: the house has been reserved since 24 February 2026 for €650,000 plus VAT, with a €159,500 deposit, around 25% of the price. That concentration is the central feature of the operation: repayment depends entirely on that sale completing, and the deposit already received has been spent on funding the works, so it would have to be returned if the sale did not go through.

Financial structure, coverage ratios and security

The security is a first-ranking mortgage over the land in favour of Raizers on behalf of the lenders, with no personal guarantees. A valuation by UVE Valoraciones dated 16 September puts the value at €309,789 plus VAT in its current state and €624,375 plus VAT once completed.

The ratios deserve attention. The platform cites an LTV of 38%, which comes from dividing the €250,000 by the €650,000 contracted sale price, not by a valuation. Against the completed-building valuation the ratio rises to 40% and, against the current value of the mortgaged asset, to 81%. That completed-building valuation also sits below the price agreed with the buyer. As for the 50% LTC, the fact sheet pairs it with a developer contribution of around €150,000, but publishes neither the total cost nor what was paid for the land, so it cannot be verified.

The borrowing company, registered in Murcia in 2017 with share capital of €1,257,550, belongs to the García Adams family: the mother and her three children are the shareholders, while the father, to whom the fact sheet attributes the development experience in the Region of Murcia, holds signing powers without being a shareholder. The platform flags the geopolitical situation and construction execution risk as factors to watch.

Non-sophisticated investors have a four-calendar-day pre-contractual reflection period to revoke their offer without penalty. This is a crowdfunding product, not a deposit or a guaranteed savings product. It carries risks of illiquidity and of total or partial loss of principal. It is not supervised by the CNMV or the Bank of Spain, and has no cover under Directives 2014/49/EU and 97/9/EC. Investors may not recover the capital contributed.

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Your real estate crowdfunding, in one app.

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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.