Pre-opening | wecity finances the purchase and construction of a 6-home development in La Herrada (Alicante) through a €1,400,000 loan at 10.00% with a first-rank mortgage

07/08/2026 – ⏱ 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 the province of Alicante. The operation consists of a fixed-rate mortgage loan secured by a first-rank charge granted to the developer Proyectos Alba Salina SL, intended to finance the purchase and part of the construction costs of a 6-home development in La Herrada (Alicante). It is worth recalling that any reference to returns is inseparable from the corresponding risk, which is detailed further below.

The call sets a funding target of €1,400,000 and a nominal annual interest rate of 10.00% (TIN), with an estimated total return of 7.50% on the capital contributed; this estimate is subject to investment risk and is not guaranteed. The ordinary term has been set at 9 months, with the option of a 3-month extension, and includes a lock-up period of 6 months. Interest is paid at maturity and the minimum investment is €500 per user.

Asset Description, Construction Progress and Sponsor

The project is developed on a 1,806-square-metre plot in La Herrada (Alicante), with a built area of 649.50 square metres. It is a development of 6 homes with three bedrooms, two bathrooms, a garage and a pool. The project holds a valid building licence and shows an execution progress of 48.46%. Commercially, all 6 homes are sold (100% of the units). The purpose of the financing is the purchase of the land and the execution of the works, and the investors' exit is planned through the delivery of the six residential units.

The developer, together with the buyers, has to date contributed €789,425 in own funds allocated to part of the land acquisition, the start of the works and the costs associated with the project. The developer company, Proyectos Alba Salina SL, is administered and managed by Grupo Solimar, a developer with a track record in the province of Alicante since 1981, 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 Valmesa, the Current Valuation (ECO) amounts to €1,343,483.74 and the Finished Building Hypothesis (HET) valuation to €2,584,518.44, which results in an LTV HET of 54.17%. The first drawdown of the loan, of €905,405.30, yields a first-drawdown LTV of 67.39%. Of the total loan amount (€1,400,000), €1,244,594.70 is allocated to the purchase and execution of the works and the remainder to loan structuring and wecity's fee. 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).

Realty Investor

Our calendar brings together crowdfunding opportunities from across Europe in one place, so you can plan and follow each issue.

Realty Investor

Your real estate crowdfunding, in one app.

Discover new opportunities. Invest through leading platforms. Manage your whole property portfolio from a single place.

The Realty Investor beta is now available. Explore the market, discover new projects and get to know the platform with simulated money, without putting in any capital.

Download the beta and start discovering a new way to manage your real estate investments.