Pre-opening | wecity finances the land acquisition of a 48-unit cooperative subsidised-housing development in Arganda del Rey (Madrid) through a €1,200,000 loan at 10.00% with a first-rank mortgage

23/08/2026 – ⏱ 3 min

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

The crowdfunding platform wecity (a crowdfunding service provider authorised by the CNMV under registration number 9) is preparing to launch a real estate investment opportunity in Arganda del Rey (Madrid). The operation consists of a fixed-rate mortgage loan secured by a first-rank charge granted to the housing cooperative Valdelarcipreste Vivienda Social, S. Coop. Mad — managed by Cítara — intended to finance part of the acquisition of a plot on Avenida de Europa, 2, on which a development of 48 subsidised homes will be built. It is worth recalling that any reference to returns is inseparable from the corresponding risk, which is detailed further below.

The call sets a financing amount of €1,200,000 and a nominal annual interest rate of 10.00% (TIN), with an estimated total return of 5.00% on the capital contributed; this estimate is subject to investment risk and is not guaranteed. The term has been set at 6 months, with the option of a 3-month extension, and includes a lock-up period of 3 months. Interest is paid at maturity and the minimum investment is €500 per user. The purpose of the financing is the acquisition of the land, and repayment of the loan is planned through the entry of bank financing.

Asset Description, Marketing Status and Developer

The asset is a consolidated urban land plot located on Avenida de Europa, 2, in Arganda del Rey (Madrid), with a total surface area of 1,560 square metres and a buildable surface of 5,596 square metres. On it, a development of 48 homes will be built — 36 basic public-protection homes (VPPB) and 12 limited-price public-protection homes (VPPL) — of two and three bedrooms, together with 98 parking spaces, 48 storage rooms and a commercial unit. The building licence was granted on 12 March 2026. Commercially, 44 of the 48 cooperative membership contracts have been allocated (91.67%).

The developer is the cooperative Valdelarcipreste Vivienda Social, S. Coop. Mad, whose members have contributed €1,944,237.89 in own funds for the acquisition of the plot, equivalent to 61.83% of the total funds required for the land purchase. Management is handled by Cítara Actividades Inmobiliarias, S.L., a company based in Las Rozas de Madrid with more than 25 years of experience in consultancy and integral management of real estate projects, according to the information provided.

Financial Structure, Coverage Ratios and Collateral

The main collateral of the operation is a first-rank mortgage over the asset. According to the valuation report prepared by Gesvalt, the Current Valuation (ECO) amounts to €1,624,485.01, which, against the €1,200,000 loan, results in a Loan to Value (LTV) ratio of 73.86%. The creation, preservation, management, administration and any enforcement of the collateral will be handled by a Security Agent external to the platform, and the use of funds will be supervised by a monitoring company external to wecity.

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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