Pre-opening | wecity finances Phase II of the acquisition and refurbishment of homes on Via Sacchi, Turin (Italy) through a €450,000 loan at 11.00% with a first-rank mortgage

04/08/2026 – ⏱ 3 min

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

The crowdfunding platform wecity (a crowdfunding service provider authorised by the CNMV under registration number 9) is preparing to launch a real estate investment opportunity in Turin, Italy. The operation consists of a fixed-rate mortgage loan secured by a first-rank charge granted to the developer LoBa Invest Srl, intended for the acquisition and subsequent refurbishment of a group of homes located at Via Sacchi 16. This call activates Phase II of a total loan of €1,450,000 structured in two phases. It is worth recalling that any reference to returns is inseparable from the corresponding risk, which is detailed further below.

The call sets a funding target for this Phase II of €450,000 and a nominal annual interest rate of 11.00% (TIN), with an estimated total return of 7.33% on the capital contributed; this estimate is subject to investment risk and is not guaranteed. The ordinary term has been set at 8 months, with the option of a 3-month extension, and includes a lock-up period of 4 months. Interest is paid at maturity, the minimum investment is €500 per user, and the asset holds a credit rating of A.

Asset Description, Project Progress and Sponsor Profile

The asset is a group of homes located at Via Sacchi 16, in a central area of Turin close to Porta Nuova and the historic centre. The homes total 836 square metres, with an average of approximately 70 square metres per unit and a configuration of one or two bedrooms. According to the documentation, the developer has processed the building licence through a responsible declaration, and works will begin once the assets are acquired. The purpose of this phase's financing is the acquisition, and repayment of the loan to investors is planned through the sale of the apartments.

The developer, LoBa Invest Srl, is a Turin-based firm dedicated to sourcing residential assets for refurbishment and subsequent sale, according to the information provided by the sponsor. As of the asset purchase date, the developer has contributed €671,000 in own funds.

Financial Structure, Coverage Ratios and Collateral

The main collateral of the operation is a first-rank mortgage over the asset at Via Sacchi 16. According to the valuation report prepared by RYZE, the Current Valuation (ECO) amounts to €3,100,000, resulting in a Loan to Value (LTV) ratio of 46.77%, while the Finished Building Hypothesis (HET) valuation stands at €3,477,000, with an LTV HET of 41.70%. Of the phase amount, €400,000 is allocated to the developer and €50,000 to loan structuring and wecity's fee. The creation, preservation, management, administration and any enforcement of the collateral will be handled by a Security Agent external to the platform, and the use of funds will be supervised by a monitoring company external to wecity.

In compliance with European crowdfunding regulations, it is recalled that non-sophisticated investors have a pre-contractual reflection period of four calendar days during which they may withdraw their investment offer without justification or penalty. This is a crowdfunding product and not a deposit or a guaranteed savings product. Real estate investments carry risks of illiquidity and total or partial loss of principal; this project is not supervised by the CNMV or the Bank of Spain, and is not covered by the deposit guarantee scheme (Directive 2014/49/EU) or the investor compensation scheme (Directive 97/9/EC).

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