Carmen – Girona

Girona, Girona

Invernova co-invests in this operation

We contribute 28.152 € (22.4% of total capital). Our success depends on yours.

Description

Carme is a buy-and-sell operation on a flat in the centre of Girona, a city crossed by the Ter and Onyar rivers and capital of the Gironès county. Its historic quarter and lively character make it a market with solid residential demand.

The flat offers 89 m² of built surface on a third floor, arranged as three bedrooms (two double, one single), a bathroom, kitchen, dining room and balcony. The building has passed its Technical Building Inspection (ITE), has a lift and its entrance hall was recently refurbished; the home is set for a full refurbishment.

The project finances the acquisition of 100% of the property. Invernova takes on the refurbishment and the commercialization, marketing and home-staging costs, plus the inherent expenses, investing its own capital alongside the participants for the value-add and sale.

Key data and projection

Property type

89 m² apartment — 3 bedrooms

Estimated property value

160.000 €

Estimated total investment

125.700 €

Estimated profit

+34.300 €

Estimated exit value composition

Exit value160.000 €
Investment recovered79%
Estimated profit21%
+27% on the investment

Estimated investment breakdown

Investment125.700 €
Purchase price84.500 €
Taxes10.000 €
Renovation / works30.000 €
Other expenses1200 €

Project updates

NOV302021
CompletedNovember 30, 2021

Operation completed

Operation Carmen – Girona successfully completed: capital returned to co-investors with a 20% return.

FEB262020
In operationFebruary 26, 2020

Operation underway

The execution phase of the operation has begun. We will keep you informed of the most relevant milestones.

FEB252020
FundedFebruary 25, 2020

Operation 100% funded

We have reached the funding target. The operation phase will begin shortly.

FEB192020
Round openFebruary 19, 2020

Funding open

The operation is now open to co-investment. Reserve your participation before the round is filled.

FEB182020
LaunchFebruary 18, 2020

New operation

Operation Carmen – Girona launched. Capital raised and underway.

18.8%

est. 13.6%

Real return

16 months

est. 21 months

Real term

61.0%

LTV

Colateral Inmobiliario

Guarantee

Operation margin37.6%

The investor's return equals 50% of the margin (standard split); each investor is paid per their agreement.

Capital committed100%
125.700 €125.700 €
Invernova co-invests 28.152 €
Invernova participates with 22.4%
Minimum participation25.000 €
Completed

This operation has been completed.

Investments carry risk. Capital not guaranteed.