Pre-opening | Walliance finances the construction of a two-tower residential complex with 121 homes in Jesolo (Italy) through a €2.5–5 million participative loan at 12.50%

29/08/2026 – ⏱ 3 min

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

The crowdfunding platform Walliance is preparing to launch a real estate investment opportunity in Jesolo (Italy). The operation, named "Jesolo, Wave Twin Towers", consists of a participative loan (loan-based crowdfunding) intended to finance the construction of a residential complex comprising two towers —the East Tower and the West Tower— which will house a total of 121 residential units. It is worth recalling that any reference to returns is inseparable from the corresponding risk, which is detailed further below.

The call is structured as a loan with a proposed gross interest rate of 12.50% per annum and a term of 12 months, automatically extendable —at the developer's request— by up to 6 additional months, for a maximum term of 18 months; this return reference is subject to investment risk and is not guaranteed. The funding target is set between a minimum of €2,500,000 and a maximum of €5,000,000, with a minimum investment of €500 per user. The repayment of principal and interest takes place at the end of the term, with no grace period. According to the documentation, the term and interest rate of the loan are fixed and not linked to the performance of the real estate operation.

Asset Description, Construction Progress and Developer

The project envisages the construction of two towers with 121 residential units, 79 garage spaces, 52 parking spaces and 38 private storage rooms, in addition to a range of common services such as an indoor pool, a gym, a children's play area and 24-hour concierge service. From a construction standpoint, the project is at an advanced stage: the load-bearing structures and curtain walls of both towers are complete and interior finishing works are underway; the building permit has already been issued, which eliminates the regulatory risk associated with the operation. Commercially, 105 of the 121 units have been sold, and the value of the sales already formalised through preliminary notarial agreements —once the final deeds are signed— will, according to the documentation, be sufficient to cover the repayment of both the bank loan and this crowdfunding financing.

The project is promoted by Industrie Edili Holding SpA, a company with a prior track record on the platform through various completed operations in Venice, Jesolo, Bologna and Rimini, according to the information provided. The exit strategy relies on the completion of the sales already committed and the signing of the final deeds.

Financial Structure and Protection Measures

As a measure to protect investors, Industrie Edili Holding SpA has entered into an irrevocable subordination commitment whereby it subordinates the repayment of its shareholders' loans and the distribution of profits, dividends and reserves to the payment of the crowdfunding financing, additionally ensuring that sufficient cash is maintained to service the entire debt. The general terms of the financing contract are available in the project documentation, while the specific terms are provided at the time of signing the investment.

In compliance with European crowdfunding regulations, it is recalled that non-sophisticated investors have a pre-contractual reflection period of four calendar days during which they may withdraw their investment offer without justification or penalty. This is a crowdfunding product and not a deposit or a guaranteed savings product. Real estate investments carry risks of illiquidity and total or partial loss of principal; this project is not supervised by the CNMV or the Bank of Spain, and is not covered by the deposit guarantee scheme (Directive 2014/49/EU) or the investor compensation scheme (Directive 97/9/EC).

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