Wecity Raises €2,000,000 in Five Hours for Fifteen Semi-Detached Homes in Orihuela

01/10/2026 – ⏱ 3 min

Wecity completes the €2,000,000 mortgage loan over nine months at 10% for the first phase of a 41-home development in the Vega Baja

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

A development of semi-detached homes on Calle Melocotonero in Orihuela (Alicante) has raised €2,000,000 on Wecity in five hours, at a pace of €6,667 per minute. The raise covered the full amount requested.

It is worth knowing exactly what that money funds, because the perimeter of the operation and that of its security do not match. The loan pays for the acquisition of a plot intended for 41 semi-detached homes and also part of the works of the first phase; the first-ranking mortgage, by contrast, rests solely on the fifteen homes of that Phase I.

Phase I occupies 2,911 sqm of land with 1,434 sqm built across fifteen semi-detached homes with three bedrooms, two bathrooms, a garage and a pool. The permit is granted and in force and overall progress is around 55.48%, with each home at a different stage. On sales, ten of the fifteen are sold, 66.7%, leaving five to be placed within a nine-month term running alongside works that have not yet reached 60%. Repayment depends on selling and delivering all fifteen.

The operation is a loan: investors lend the money to the developer, Proyectos Alba Salina, through the platform, which undertakes to repay it with interest within the agreed term, in this case nine months extendable by three, with a six-month lock-up, a fixed rate of 10% per annum and interest at maturity. The platform puts the total estimated return at 7.50%, an estimate subject to investment risk and not guaranteed. According to Valmesa's valuation, the current value is €2,944,279.69 and the completed-building value €5,196,636.93: the 38.48% the fact sheet publishes corresponds to the full loan against completed value, while 56.73% is that of the first drawdown, €1,670,347.79, against current value. The security agent section again refers to a pledge, when the security is a mortgage.

One final note on equity. The fact sheet records €1,691,768 under the heading "Cooperative", but clarifies in the text that the figure was contributed by "the developer, together with the buyers" for part of the land purchase, the start of works and technical costs. There is no breakdown, and buyers' advances are not developer capital but amounts on account that would have to be returned if the sales did not complete. Proyectos Alba Salina is managed by Grupo Solimar, active in the province of Alicante since 1981, which in May funded the Alba Salina VI development in Los Montesinos through Civislend.

Investing in real estate crowdfunding carries the risk of losing part or all of the capital: the money is locked up until maturity, the return is not guaranteed and there is no cover from the Deposit Guarantee Fund. 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 revoke their offer without penalty.

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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.