Pre-opening | StockCrowd IN finances €800,000 for the equity release of a 39-home development in Velilla de San Antonio (Madrid) at 10.50%

16/07/2026 – ⏱ 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, is preparing a real estate investment opportunity in Velilla de San Antonio (Madrid). The operation, named Lares de Velilla Centro II, consists of granting a fixed-interest loan to the company PROMORED ALCALÁ DE HENARES S.L., of the Promored group, whose purpose is the recovery of part of the equity contributed to the project. 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 financing amounts to €800,000, extendable to €1,200,000, 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 is €500. Formalization will take 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.

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 and about 15 km from the Adolfo Suárez Madrid-Barajas airport, with access via the A-3, M-45 and M-50. The project comprises a corner building configured with three entrances, an internal landscaped area and a communal pool, developed over one basement floor, three above-ground floors and a top floor, 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 (24 m² usable), 26 two-bedroom (64 m² usable) and 11 three-bedroom (about 87 m²).

The project has a stamped execution project and a granted building permit, and works began on 4 December 2024 by the contractor 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% has 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, and that the company does not appear in the R.A.I. or ASNEF Empresas registers, is up to date with the AEAT and TGSS and made a profit in its last financial year, although it is not audited.

In compliance with the European Crowdfunding 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 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. The platform also reports that partners, managers and employees of StockCrowd Platform S.L. may participate as investors in this opportunity, under the same conditions as other investors.

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