wecity raises 750,000 € in 35 minutes for nine homes and a retail unit in Puerto de Mazarrón

27/10/2026 – ⏱ 2 min · By Realty Investor Editorial Team

Six of the nine homes and the retail unit were already sold before the financing opened, over twelve months and at a target rate of 10.75 %

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

Thirty-five minutes. That is how long wecity took to raise the 750,000 € for the construction of nine homes and a retail unit on plaza Toneleros, in Puerto de Mazarrón (Murcia), at a pace of 21,429 € per minute. The platform has not published how many investors took part.

It is the second-fastest pace we have recorded on this platform this month, behind only the 100,000 € per minute of Phase II of Santa Rosalía Lake, and almost double the 12,000 € per minute at which the second phase of the Telde plots closed.

The project sits on a 230 m² plot with 939 m² of built area, and consists of nine two-bedroom, two-bathroom homes plus one commercial unit. The borrower is Spanish Repossessions, S.L., managed by the estate agency Blue Med Invest, based in the bay of Mazarrón.

The licence is in force and construction had already begun. Commercially, the project reached the financing stage with six of the nine homes sold and the single retail unit also placed, and those buyers will contribute 260,000 € to the works through stage payments. Investors exit on delivery of the homes, not on a sale still to be closed.

The operation is a loan: investors lend the money to the developer through the platform, and the developer undertakes to repay it with interest within the agreed term, here twelve months plus a six-month extension, at a target rate of 10.75 % per year paid at maturity. The security is a first-ranking mortgage over the asset, which Tinsa values at 735,291.60 € in its current state and at 2,028,217.22 € once completed; against that final value, the loan represents 36.98 %. The developer has contributed 420,338 € of its own equity. Not all of the money reaches the works: the platform's 4.50 % plus VAT success fee and the costs of registering the mortgage are financed inside the loan, and the funds sit in an escrow account released by an external verification firm.

Investing in real-estate crowdfunding carries the risk of losing part or all of the capital: the money is locked up until maturity, returns are not guaranteed and there is no deposit guarantee fund cover. No security eliminates that risk, and the speed of the fundraising says nothing about how the operation will end. Non-sophisticated investors have four calendar days to withdraw their investment offer without penalty.

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.