Pre-opening | Wecity Prepares €1,645,000 to Buy the Land for 28 Homes in Mairena del Aljarafe (Seville)

29/09/2026 – ⏱ 3 min

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

Wecity, authorised by the CNMV under registration number 9, is preparing a €1,645,000 mortgage loan to Nuevo Mairena S. Coop. And., a cooperative managed by Único Homes, to buy the plot in the SR-3 Camino de Granadillas sector, in Mairena del Aljarafe (Seville), where 28 semi-detached homes are planned. Any reference to return is inseparable from the risk, which is set out below.

The purpose of the loan is exclusively the land acquisition: it does not fund construction. The rate is 11% per annum, over twelve months extendable by three, with a three-month lock-up and interest paid at maturity; the platform puts the total estimated return at 11%, an estimate subject to investment risk and not guaranteed. The minimum investment is €500, which is also the maximum during the first ten minutes. No opening date or internal rating is stated.

Asset description, construction progress and sales traction

The plot has 5,475 sqm of land and 5,940 sqm of buildable area, on which 28 semi-detached homes with three and four bedrooms, terraces, a garage and storage will be built. The detailed plan is approved, but the building permit was applied for in September 2026 and has not yet been granted, so planning risk is not closed.

Commercially, eleven of the twenty-eight reservation contracts to join the cooperative have been signed. It is worth being precise about what these are: memberships of a housing cooperative, not signed sale contracts, and seventeen places remain to be filled.

Financial structure, coverage ratios and security

The security is a first-ranking mortgage over the land, although the security agent section again refers to a pledge, a discrepancy worth checking against the contract. Tinsa's valuation puts the current value at €3,112,416.08, giving an LTV of 52.85%. No completed-building valuation is published, nor any ratio against the future value of the development.

The most relevant point for investors is how the money comes back. The fact sheet states that the exit will come "through contributions from the cooperative members and/or the entry of bank financing". There is therefore no sale generating the cash for repayment: it depends on members continuing to pay in, or on a bank stepping in to fund construction. The file evidences neither committed bank financing nor a schedule of contributions.

Cooperative members have contributed €608,073 to date. The fact sheet presents this as the "developer's total contribution", equal to 26.92% of the funds required, when it is money from the future owners of the homes and not capital from the manager. Único Homes reports more than 30 years of activity and 10,000 homes delivered, and has four previous operations on the platform: three repaid in full and on time for €4.28 million — in Los Berrocales (Madrid), Llara Paterna (Valencia) and El Peral (Valladolid) — and a fourth, Iris Los Berrocales, of €5 million, still under way.

One detail of the fact sheet deserves a mention: in the regulatory section, where the company responsible to investors for the published information must be identified, the template placeholder "[nombre_empresa]" appears unfilled.

Non-sophisticated investors have a four-calendar-day pre-contractual reflection period to revoke their offer without penalty. This is a crowdfunding product, not a deposit or a guaranteed savings product; the platform recommends allocating no more than 10% of net worth to such projects. It carries risks of illiquidity and of total or partial loss of principal. It is not supervised by the CNMV or the Bank of Spain, and has no cover under Directives 2014/49/EU and 97/9/EC. Investors may not recover the capital contributed.

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