Wecity: everything you need to know before investing
– ⏱ 3 min
In real estate crowdfunding, money is usually committed for somewhat more than a year, with a median term of around fifteen months across the market as a whole. At Wecity, the typical deal lasts twelve, and four in ten run for no more than nine.
That is probably its clearest hallmark: of the three platforms that raise the most capital in our market record, it is the one with the shortest terms. It is worth understanding what lies behind this.
What it is and under what supervision it operates
Wecity is a real estate crowdlending platform: a company that pools the contributions of many retail investors to lend them to developers who buy land, build or refurbish housing. The investor contributes a small amount, the developer undertakes to repay the loan with interest within the agreed term, and each investor receives their corresponding share.
Because it is a loan and not an equity stake, the investor does not become a shareholder or share in the final profit from the sales: their return is limited to the agreed interest rate even if the development performs better than expected and, in exchange, they have repayment priority over the shareholders, normally with a first-ranking mortgage over the property as security.
It was launched in 2020, the year it closed its first deal, and since October 2023 it has been authorised by the National Securities Market Commission (CNMV) as a crowdfunding service provider, with number 9 in the register. Its registered name is Cityprive PSFP, S.L.; it was founded by Rafael Merry del Val, Antonio Mañas and José Navarro, and is now run by Antonio Mañas as chief executive officer.
Its activity, in figures
At Realty Investor we keep our own record of the offerings published on the European market. Between November 2025 and October 2026, these are its figures.
Third by capital, second by deals. 79 deals closed and around €100 million raised: only Civislend and Urbanitae raised more capital, and only Urbanitae closed more deals. The median raise is €1 million.
Short terms and rates in line with the market. The median term was 12 months, compared with 15 for the market as a whole, and three in four deals did not exceed a year. All were loans, with a median interest rate of 11%, the same as the market median.
Rounds that fill in minutes. Half were completed in half an hour or less and most in under an hour, with 17 deals filled in a minute or less. Projects are announced around two days before they open, and most open at twelve noon.
LTV below the market. The median LTV, which relates the amount lent to the value of the asset, stands at 48.6%, compared with around 55% for the market as a whole, and only eight deals exceeded 70%.
Plenty of Madrid and plenty of land. Four in ten deals were concentrated in the Madrid region, eight of them in the new developments of Los Berrocales and Los Ahijones. In addition, its loans frequently also finance the purchase of the land or the property, and not just the construction work.
Also in Portugal and Italy. Seventeen deals were carried out outside Spain: eleven in Portugal, across Porto, Lisbon, Madeira, Figueira da Foz and Sines, and six in Italy, in Turin, Pisa, Lucca and the areas around Florence and Milan.
According to its public communications, in May 2026 it had passed €250 million financed across 189 projects since its launch, and had already returned more than half of the capital financed to its investors.
What investing in Wecity is like
The minimum investment is €500 per project and the platform charges investors no fees: its revenue comes from the developer. According to the platform, its deals have an external security agent and an independent company that monitors how the developer uses the funds. For rounds that fill in minutes, it also offers an automatic investment tool, AInvest.
There is no secondary market, so the capital remains invested until the project repays, with an expected term that in its case is around a year. Some loans also provide for an agreed extension of up to six months, and the concentration in Madrid explains its specialisation and, at the same time, ties a large part of the portfolio to the performance of that market.
These are features inherent to this type of asset and to its specialisation, and knowing them in advance is what makes it possible to put each deal in context.
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Realty Investor data on the deals published between November 2025 and October 2026, compiled from our own market record and not from the platform's full history. Only deals whose funding round has already closed are included, and those opened in several tranches are counted as one. The cumulative figures for capital financed and returned come from Wecity's public communications.
Informational and educational article. It does not constitute financial, tax or investment advice, nor a recommendation regarding any project or platform. Realty Investor is not a crowdfunding service provider. Investing in crowdfunding involves the risk of total or partial loss of capital, of not obtaining the expected return and of illiquidity, and is not covered by the Deposit Guarantee Fund or the General Investment Guarantee Fund. Past returns do not guarantee future returns.