Pre-opening | StockCrowd IN finances the construction of five single-family homes in Castelldefels (Barcelona) through a €2,000,000 loan

22/06/2026 – ⏱ 3 min

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

The crowdfunding platform StockCrowd IN, authorized by the CNMV and registered in its special register under number 19, is preparing an investment opportunity in Castelldefels, in the Barcelona metropolitan area. The operation consists of granting a loan secured by a first-rank mortgage to the developer Grohabitat Home S.L., part of the Groinversia group, for the residential project named "Avenida 307, número 8". Investors should keep in mind that any expected return is inseparable from the corresponding risk, which is described below.

The funding amounts to €2,000,000 (extendable to €2,200,000), with the purpose of recovering part of the equity contributed to the purchase and financing the initial construction costs. It is a fixed-interest loan with a 10% nominal annual interest rate, a 10.35% annual return and a 15% total return over the life of the operation; this estimate is subject to investment risk and is not guaranteed. The maturity term is 18 months, with capital amortized at maturity and quarterly interest payments; early repayment is possible without penalty from month 12. The minimum investment is €1,500 during the first hour of the campaign and €500 thereafter.

Asset Description, Technical Progress and Commercial Traction

The project comprises the construction of five single-family homes —two semi-detached and three terraced— on a 775 m² plot of consolidated urban land at avenida 307, number 8, in Castelldefels, in the Baix Llobregat district. Each home has four bedrooms, three bathrooms and is laid out across a basement, ground floor and first floor, with a communal swimming pool. Built areas range from 202 m² (semi-detached homes) to 211 m² (terraced homes), on 153 m² plots with private gardens or terraces. The municipality has connections via the C-32 and C-31 motorways, Renfe commuter rail lines and proximity to the Josep Tarradellas Barcelona-El Prat airport.

The asset was acquired by the developer on 4 April 2025 and is free of liens and encumbrances. The project has a developed basic project and the demolition and new-build licenses granted. Demolition works are scheduled for 28 June; after demolition, the geotechnical study will be carried out and the construction project approved, with an estimated construction duration of 18 months and a works budget of €1,736,510 (approximately €1,666/m² above ground). The developer has begun marketing and projects a total sales volume of €7,475,000, equivalent to an average of €1,495,000 per home.

Financial Structure, Collateral and Risk Mitigation

The total estimated cost of the project amounts to €4,407,283. The land acquisition cost was €1,200,000 and the developer has contributed €1,430,873 in equity, equivalent to 32% at the time of financing. According to the appraisal certificate, the value of the asset in its current state amounts to €2,517,260, implying an LTV of 79%, while the value under the completed-building hypothesis (VHET) stands at €7,590,421.

The main collateral of the operation is a first-rank mortgage over the asset, with a guaranteed amount of €500,000 and a maximum mortgage liability of €650,000, instrumented through a security agent, in addition to the guarantee of Estudio Gremial Inversión S.L. The constitution, custody, management and eventual enforcement of the collateral are the responsibility of the security agent, acting on behalf of the investors. The project is promoted by Grohabitat Home S.L., a company of the Groinversia group, which has more than 15 years of activity in construction, residential development and refurbishment, as well as other projects financed through StockCrowd IN.

In compliance with the European Crowdfunding Regulation (EU) 2020/1503, it is recalled that non-experienced investors have a four-calendar-day 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 risks of illiquidity and partial or total loss of principal; this vehicle is not supervised by the CNMV or the Bank of Spain, and lacks the coverage of the deposit guarantee fund or the investor compensation scheme.

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