Closed
Loan

Mallorca | Son Vida Project

PANOSSIAN C&T

C/ Binifaldó 22, Islas Baleares

PANOSSIAN C&T

1 projects
Funded

2,300,000 €

Investors

1,363

Estimated
11%

Return

11%

IRR

12

months

Obtained
15.9%

Return

11.5%

IRR

17

months

Investment Term

12 months

Funding Date

November 2023

Economic summary

Annual Interest11%
Total Profitability11%


*MAXIMUM INVESTMENT PER INVESTOR: 10,000€*


Son Vida Project | Mallorca


Debt project in Mallorca

Amount: 2,300,000€ // Term: 12 months

11% total return // Quarterly interest payments // Bullet principal

Work executed and LPO granted.

Second rank mortgage guarantee on the asset.



We present a new project that consists of the granting of a loan for the refinancing of 100% of the principal of two loans in second and third rank that burden a luxury villa in Mallorca. The loan will also finance the final touches that the villa requires for its final completion. The project has a landscaped area with infinity pool, wine cellar, spa and gym


The asset is located in Son Vida, a luxury urbanization on the island of Mallorca. The Urbanization has more than 350 mansions, with private security, surrounded by landscaped areas, natural vegetation and three golf courses. Son Vida is a luxury residential area located in the hills west of the city center of Palma, just a 10-minute drive away, and is also located near the village of Génova, the exclusive beach resort of Illetes, Berdinat and Puerto Portals. In addition, Son Vida is also highly valued for its good communication and easy access to the airport.

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Manager

PANOSSIAN C&T

PANOSSIAN C&T is a project created by Varant Panossian to develop luxury homes in Spain. Varant is an aerospace engineer and has worked for years for two American multinationals, holding positions of responsibility. Later he founded Panossian C&T for the management and development of unique homes. Among his services are:

  • - Rabel Minimalist Carpentry: exclusive provider in Spain of Rabel Carpentry-
  • - Real estate project management: development of residential projects
  • - Independent consulting and advisory services.
  • - Design, development and integration of Smart home systems and solutions.

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Location

C/ Binifaldó 22,

Islas Baleares, España