wecity Raises €2,000,000 in Twenty Minutes for the 40 Apartments at Santa Rosalía Lake

20/10/2026 – ⏱ 2 min · By Realty Investor Editorial Team

wecity completes Phase II of €2,000,000 and closes the €3,000,000 loan on the Torre Pacheco complex, over five months and at a 11% target rate

This article is for information purposes only and does not constitute investment advice or a recommendation of any kind.

Twenty minutes. That is how long wecity took to raise the €2,000,000 of Phase II to complete a complex of 40 holiday apartments at Santa Rosalía Lake, in Torre Pacheco (Murcia), at a pace of €100,000 a minute. The platform has not disclosed how many investors took part. With this phase, the €3,000,000 loan is now complete.

The plot covers 6,784 m² and holds the 40 apartments across five buildings, with a garden, a pool, a garage and storerooms, plus a building with reception, cafeteria and gym. The borrower is Orbesol Luxury Homes, part of the Orbesol group, based in Orihuela.

The land belongs to the developer, the permit is in place and the valuation put construction at 72%. Sales are running ahead of the works: 34 of the 40 units are sold, 85%, at around €293,000 each, four more than in June, leaving six to place. Repayment of the loan is expected to come from those buyers' staged payments, €3,358,158 backed by completion insurance, and not from the sale of the remaining six.

The deal 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 five months plus a three-month extension, with a target interest rate of 11% a year and interest paid at maturity. The total estimated return is 4.58%, which is that rate applied over five months; this estimate is subject to investment risk and is not guaranteed. The security is a first-ranking mortgage, and the funds sit in an escrow account released by an external verification firm. Phase I, in June, was €1,000,000 at the same rate but over nine months. Not all the money reaches the works: the platform's success fee, 4.75% plus VAT, and the costs of registering the mortgage are financed within the amount. The developer has contributed €500,000, 7% of the €6.86 million mobilised between the loan, own funds and staged payments.

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 a fundraise says nothing about how the deal will end. Non-sophisticated investors have four calendar days to withdraw their offer without penalty.

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