Campaign Close | StockCrowd IN completes the €1,000,000 raise for the Lares de Velilla Centro II development, of 39 homes in Velilla de San Antonio (Madrid)

20/07/2026 – ⏱ 4 min

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

The crowdfunding platform StockCrowd IN, authorized by the CNMV and registered in its special register under number 19, has issued the closing report for the fundraising round of the Lares de Velilla Centro II operation, in Velilla de San Antonio (Madrid), promoted by the company PROMORED ALCALÁ DE HENARES S.L., of the Promored group. The operation, structured through a fixed-interest loan, was intended for the recovery of part of the equity contributed to the project. The subscription process has concluded, consolidating an amount raised of €1,000,000, above the base target of €800,000 and within the extendable amount of up to €1,200,000 set out in the call. Investors should keep in mind that any reference to return is inseparable from the corresponding risk, which is described below.

The campaign reached €1,000,000 in a period of 350 minutes. The analysis of the flow of contributions during that interval records an average contribution ratio of €2,857 per minute.

Investor Base and Capital Distribution

The campaign concluded after registering the participation of 268 investors, who covered the entire amount assigned to the operation. The distribution of the funds raised among that number of contributors yields an average investment ticket of approximately €3,731 per participant.

Financial Terms of the Operation

The financing is structured through a fixed-interest loan with a nominal annual interest rate of 10.50% (annual return of 10.92% and total return of 10.50%); these figures are subject to investment risk and are not guaranteed. The maturity term is 12 months, non-extendable, with repayment of the principal at maturity and mandatory repayment upon delivery of the sold homes; early repayment is allowed without commission from month 6. Interest is paid quarterly in arrears and the minimum investment was €500. Formalization takes place through the signing of the loan agreement before a notary, and the collateral of the operation is the guarantee of the company Promored Las Colinas S.L. In compliance with the European regulatory framework, non-experienced investors have a four-calendar-day pre-contractual reflection period during which they may revoke their commitment at no cost and without justification.

Asset Description, Construction Progress and Commercial Traction

The asset is a new-build development located at Calle Saiz Romillo, number 1, in Velilla de San Antonio, a municipality in the metropolitan area of Madrid, about 20 km from the city center. The project comprises a corner building with three entrances, an internal landscaped area and a communal pool, on a consolidated urban land plot with a registered area of 1,644 m². The scheme comprises 39 homes, 1 commercial premises, 40 parking spaces and 39 storage rooms, distributed in 2 one-bedroom homes, 26 two-bedroom and 11 three-bedroom.

The project has a stamped execution project and a granted building permit, and works began on 4 December 2024 by NUICON Constructora y Proyectos, S.A., with a construction budget of €6,014,252. As of 31 May 2026, a construction progress of 54.68% had been certified, against the 79.71% foreseen in the initial planning, which represents a deviation of 25.03 percentage points and an accumulated delay equivalent to about 10 weeks; completion of the works is estimated for 31 October 2026. On the commercial side, the development has signed purchase contracts for 35 homes, with a committed sales amount of €9,035,431, equivalent to 88.40% of the total planned sales (€10,220,931).

Capital Structure, Coverage Ratios and Collateral

The land, with an acquisition cost of €1,200,000, was acquired entirely with equity. Subsequently, on 13 February 2025, a developer loan was arranged with Ibercaja Banco, S.A. for €7,000,000 to finance the development. The equity contributed by the developer at the time of the financing amounts to €1,236,076 (14%), against total planned project costs of €8,810,065. According to the appraisal certificate dated 5 November 2024, the value in its current state amounts to €1,454,687.75, with a value under the Completed Building Hypothesis (VHET) of €10,132,675.70, placing the LTV at 69%. The platform indicates that the developer had previously requested a €900,000 loan from StockCrowd IN for the Lares de Velilla Centro project, which was fully repaid within the planned term using equity.

Finally, in compliance with the regulations governing crowdfunding platforms, investors are reminded that this is a participatory financing product and 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 the money invested. The investment is not covered by the deposit guarantee schemes established under Directive 2014/49/EU nor by the investor compensation schemes established under Directive 97/9/EC. The projects are not supervised by the CNMV or the Bank of Spain, and the information provided by the developer has not been reviewed or approved by the CNMV. It is recommended not to invest more than 10% of net worth in crowdfunding projects.

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