Pre-opening | Wecity to Publish the Barcelona – Premià de Dalt Project (Phase III) with an 11% Annual Return

22/12/2025 – ⏱ 2 min

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

Wecity has announced the opening of the third and final phase of the Barcelona – Premià de Dalt project, a loan opportunity secured by a 1st-rank mortgage guarantee on a luxury single-family residence located in Teià, one of the most exclusive enclaves on the Maresme coast. The fundraising phase will begin on Tuesday, December 23rd at 12:00 PM (Spain time), with a target amount of €750,000 intended to cover remaining construction execution costs.

Financial Structure and Yield

The operation stands out for offering one of the most competitive interest rates currently available for a short- to medium-term, mortgage-backed debt product:

• Annual Nominal Interest Rate (TIN): 11.0%
• Estimated Term: 7 months (maturity on July 18, 2026)
• Estimated Total Return: 6.42%
• Minimum Investment: €250
• Maximum Investment: €250 during the first 30 minutes to ensure broad investor participation

Metric Analysis and Market Comparison

The Premià de Dalt (Phase III) project exhibits security metrics that exceed the average levels observed across comparable debt operations published this month:

LTV and Guarantee Coverage
With a current appraisal value of €1,944,970, the Loan-to-Value (LTV) stands at just 38.56% over the current valuation. This ratio is significantly more conservative than Civislend’s Granollers Project (42%) and far below projects such as Laureà Miró 67, which reached LTV levels close to 67%. Even under a Hypothetical Finished Building (HET) scenario, the LTV remains at a solid 48.61%, maintaining a wide safety margin.

Rating and Technical Risk
The project holds an AA Rating, supported by 48% construction progress and a fully valid building license. With nearly half of the works already completed, the technical risk profile is substantially lower than that of land-stage or early-phase developments.

Developer Commitment
The developer, Prosperity Grounds S.L., has already injected €794,592.99 in equity, reinforcing alignment of interests and reducing financial leverage from the outset.

Yield Comparison
The 11% annual TIN matches the most competitive debt offerings currently available in the market, such as Raizers’ Agosta Project, and stands 100 basis points above the average returns of high-volume projects like Benasque or Residencial Intur Panorámico (10%).

Location and Asset Overview

The asset is a luxury villa located in Teià, a high-standing residential area just minutes from Barcelona and highly prized for its privacy, landscape, and proximity to the coast. The property comprises 588 m² of built area on an 800 m² plot, featuring five bedrooms, a private swimming pool, and panoramic sea views.

With an estimated sales price of €4,200,000, the project targets a premium buyer segment with historically strong resilience to economic cycles and high liquidity in the Maresme luxury market.

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