Pre-opening | Wecity Opens a Second Operation on the Same Mairena Site: €525,000 to Fund the VAT

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 €525,000 loan to Nuevo Mairena S. Coop. And., the cooperative managed by Único Homes, solely to pay the VAT on the purchase of the plot in Mairena del Aljarafe (Seville) where 28 homes are planned. Any reference to return is inseparable from the risk, which is set out below.

It should be read alongside the other operation the platform is preparing on the same asset: a €1,645,000 mortgage loan to buy that same land. These are two separate offerings on the same plot, the same developer and the same project, totalling €2,170,000 of combined exposure. Anyone investing in both concentrates risk in a single operation.

The rate is 10.25% per annum, over six months extendable by three, with a three-month lock-up and interest paid at maturity; the platform puts the total estimated return at 5.12%, 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. The detailed plan is approved and the building permit was applied for on 18 September 2026, with no record of it being granted. Commercially, eleven of the twenty-eight cooperative membership contracts have been allocated, which are memberships rather than sales.

Financial structure, coverage ratios and security

The security does not rest on the property: it is a pledge over the VAT refund the tax authority must return, for the same €525,000. The planned repayment is precisely that refund. It is a different structure from the usual one, and so is its risk: it does not depend on selling homes or enforcing a mortgage, but on the tax authority returning the full amount within the six-month term. A reduced, delayed or offset refund — against other tax debts of the developer — would directly affect the source of repayment, and the file publishes neither the land price nor the tax rate applied, so investors cannot verify how the refundable amount was calculated.

Nor does the fact sheet record any equity contribution in this operation: the €525,000 of VAT is funded entirely by the platform's investors. And in the default risk section it states that, in insolvency, the claims would rank with special privilege "as they are secured by a mortgage guarantee", when in this operation the security is a pledge; it is worth checking in the contract what the investors' actual position is.

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 — Los Berrocales (Madrid), Llara Paterna (Valencia) and El Peral (Valladolid) — and a fourth, Iris Los Berrocales, of €5 million, still under way. As in the sister operation, the regulatory section still carries the template placeholder "[nombre_empresa]" where the company responsible to investors for the information must be identified.

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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Your real estate crowdfunding, in one app.

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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.

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