Closed
Loan

Valencia | Benlliure Residential Project

LIBRA GESTIÓN DE PROYECTOS

Calle Doctor Domagk 7, Valencia

LIBRA GESTIÓN DE PROYECTOS

4 projects
Funded

5,000,000 €

Investors

1,416

Estimated
15%

Return

10%

IRR

18

months

Obtained
14.6%

Return

9.8%

IRR

17.5

months

Investment Term

18 months

Funding Date

June 2023

Economic summary

Annual Interest10%
Total profitability15%

We present a new project that consists of the granting of a bridge loan to face the acquisition of a plot on which a project of 50 homes with garage and storage room in a cooperative regime in Valencia will be developed. The project includes a community pool, gym, and multipurpose room. In addition, within the development, there are additional parking spaces not linked to the housing, giving owners the possibility to acquire an extra space. The average surface area of the homes is 152m2 built with an average price around 462,000€.


The asset is located in Valencia, next to the Central Park and the Joaquín Sorolla train station. Valencia has become one of the main cities in Spain both economically and by population, as it has a population of 800,000 inhabitants. The project is located in a well-connected area, with bus stops a few meters away and a metro station 5 minutes walk away. It is a consolidated area with all kinds of services, including nurseries, schools, parks, pharmacies, shopping areas, hospitality, etc. The Project is just 2km from the city of arts and sciences, as well as from the Gulliver park.


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Manager

LIBRA GESTIÓN DE PROYECTOS

LIBRA GESTIÓN DE PROYECTOS is a real estate management company specializing in residential projects, with 25 years of experience and over 5,770 promoted homes.

70% of their professional work is dedicated to the comprehensive management of real estate projects for third parties. Their main clients for these types of services are housing cooperatives, public and private developers, both for homes under official protection schemes and free market homes, including luxury homes.

Location

Calle Doctor Domagk 7,

Valencia, España