Campaign Close | StockCrowd IN completes a €750,000 raise for the "Residencial Los Jarales" project in Galapagar (Madrid) in 94 minutes

04/09/2026 – ⏱ 6 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 has issued the closing report for the funding round of the "Residencial Los Jarales" project, promoted by Encopiso Inversión Inmobiliaria, S.L. The transaction, structured as a fixed-rate loan secured by a first-rank mortgage, was intended to finance the outstanding costs required to complete the construction of three detached single-family homes in the Los Jarales estate, in the Madrid municipality of Galapagar. The subscription process has concluded after the full published target was allocated, with a final volume raised of €750,000. StockCrowd IN is a crowdfunding service provider authorised by the CNMV and entered in its special register under number 19. It should be recalled that any reference to return is inseparable from the corresponding risk, which is set out below.

The call started from a €750,000 fundraising target, an amount covered in full within an accumulated period of 94 minutes from opening. The analysis of the flow of contributions during the session yields a funding rate of €7,979 per minute.

Metric Analysis of the Investor Base and Capital Distribution

The campaign closed after recording the participation of 267 investors, who covered the entire line allocated to the opportunity. The distribution of the funds raised across that number of contributors yields an average ticket of €2,809 per participant. StockCrowd IN opened the opportunity from a minimum ticket of €500 per user.

The transaction has been structured as a fixed-rate loan with a nominal annual interest rate of 10.00% (TIN). The offering states an annual return of 10.38% and a total return of 10.00%; this estimate is subject to investment risk and is not guaranteed. The ordinary maturity term is set at 12 months, extendable by a further three months with an increase in the economic terms equivalent to 1.50 points on the interest rate and 0.50 points on the platform's fee. Principal is repaid at maturity and interest is settled quarterly in arrears, counted from the day following the loan start date; early repayment conditions are the platform's standard terms. The repayment schedule envisaged by the developer provides for amortising 50% of the principal with the first sale and the remaining 50% with the second. In accordance with the European regulatory framework, non-experienced investors have a four-calendar-day pre-contractual reflection period in which to revoke their commitment without justification or penalty.

Description of the Underlying Asset, Planning Progress and Developer Profile

The underlying asset is located at 14 and 16 Calle Almendro and 5 and 7 Calle Pino, within the Los Jarales estate in Galapagar. The original plot, acquired entirely with the developer's own funds, was subdivided into four independent land registry units: plot A, an urban site of 559.50 square meters; plot B, of 559.21 square meters; plot C, of 1,249.38 square meters with a house built in 1979, already conveyed and sold for €620,000, which falls outside the perimeter of the project; and plot D, of 559.21 square meters. On the three remaining sites, all classified as consolidated urban land, three detached single-family homes are being built, each of 185 square meters of built area plus 59 square meters of terrace, laid out over two above-ground floors, with four bedrooms — one of them en suite — three bathrooms, living room, kitchen, surface garage for two vehicles and a separate swimming pool.

The project holds a stamped execution design and a new-build permit for each of the homes. Works are under way and show an estimated progress of 35.40% according to the valuation: earthworks, foundations and structure have been completed, and the roofing, drainage and masonry lines are advancing. The construction budget amounts to €950,000, equivalent to approximately €1,994 per above-ground square meter, and delivery of the homes is scheduled for the second quarter of 2027. Marketing of the three units had not begun as at the date of the call. The asset sits in an established residential area within the Sierra de Guadarrama, with access to Madrid and to the municipalities of Torrelodones, Las Rozas and Collado Villalba via the A-6 and M-505 roads.

As regards the developer's corporate profile, the published documentation states that Encopiso Inversión Inmobiliaria, S.L. does not appear in the Register of Unpaid Acceptances (RAI) nor record entries in the ASNEF Empresas file, is up to date on payments with the Spanish tax agency (AEAT) and the social security treasury (TGSS), and posted a profit in its most recent financial year; the company is not audited. This transaction is the first project financed through StockCrowd IN.

Capital Structure, Risk Indicators and Real Collateral

Total projected project costs amount to €1,634,838. The land acquisition cost stands at €840,000 although, once the conveyed amount corresponding to plot C is deducted, the net acquisition cost falls to €220,000. Against the €750,000 raised on the platform, the developer contributes €884,838 in equity, equivalent to 54% of the structure. The business plan projects total sales income of €2,550,000, at €850,000 per home, a price the documentation places at the bottom of the new-build range recorded in the Los Jarales and La Navata areas. To this is added the completed sale of the original house on plot C, of approximately 400 square meters of built area, for €620,000.

On leverage metrics, the current-state valuation in force amounts to €1,255,347, which determines a first-drawdown loan-to-value (LTV) ratio of 60%, while the completed-value estimate (VET) stands at €2,427,897. The security package comprises a first-rank mortgage over the three plots, with a maximum mortgage liability of €975,000, and a guarantee from the contractor ENCOCASA CONSTRUCTORA, S.L. The constitution, preservation, management, administration and, where applicable, enforcement of the real security are delegated to a security agent external to the platform, acting as indirect agent for the investors under a mandate agreement executed before a public notary. The transaction is formalised through the signing of the loan agreement with mortgage security.

StockCrowd IN also discloses that its partners, directors and employees may participate as investors in the projects published on the platform, on the same terms as other investors and with no preferential treatment or privileged access to information, in compliance with Regulation (EU) 2020/1503. The platform's fees — the success fee, calculated as a percentage of the funds obtained, and the payment gateway fee, of 1% of the maximum funding target — are borne by the developer and do not affect the return obtained by investors.

This is a crowdfunding product and not a deposit or a guaranteed savings product. Real estate investments carry risks of illiquidity and of total or partial loss of principal; the projects are not supervised by the CNMV or the Bank of Spain, and lack the coverage of the deposit guarantee scheme provided for in Directive 2014/49/EU and of the investor compensation scheme provided for in Directive 97/9/EC. The information provided by the developer has not been reviewed or approved by the CNMV, the published projections are business plans that may change over the course of the transaction, and investors cannot influence the management of the companies financed. Investors may obtain no return at all on their investment and may not be able to sell the investment instruments when they wish.

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