Emili Darder – Palma

Palma, Illes Balears

Invernova co-invests in this operation

We contribute €31,680 (26.4% of total capital). Our success depends on yours.

Description

Emili Darder is a buy-and-sell operation on a flat located in Palma, capital of Mallorca (Balearic Islands), one of the strongest and most sought-after real-estate markets in the Mediterranean, for both residents and international buyers.

The home offers 89 m² of built surface, arranged as two double bedrooms, a bathroom, open kitchen and living room. The building has passed its Technical Building Inspection (ITE); a full refurbishment of the home is planned.

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 ahead of resale.

Key data and projection

Property type

89 m² apartment with 2 bedrooms

Estimated property value

€200,000

Estimated total investment

€120,000

Estimated profit

+€80,000

Profit on the estimated investment

Exit value€200,000
Investment recovered100%
Estimated profit+67%
Estimated return for the co-investor: 17% (half the margin)

Estimated investment breakdown

Investment€120,000
Purchase price€90,000
Taxes and notary€12,600
Renovation / works€14,400
Other costs€3,000

Operation structure

Purchase, value-add and sale operation in Palma (Illes Balears): 89 m² apartment — 2 bedrooms. INVERNOVA TRADE S.L. bought the property and co-invested its own capital in the operation alongside the co-investors. The co-investors took part through a private contract with INVERNOVA TRADE S.L., with the property itself as collateral. Success-based return: the actual profit from the sale, after purchase, refurbishment, taxes and costs, was shared between the co-investors and Invernova as agreed in the contract. Target term at entry: 14 months.

Key risks

- Sale price risk: the return depended on the final price; a sale below forecast reduces the profit and can affect the capital.

- Timing risk: the sale could take longer than planned, delaying the repayment of capital and the return.

- Works risk: cost overruns or surprises in the refurbishment (installations, hidden damage) that reduce the margin.

- Island regulatory risk: Balearic licences and regulations can lengthen the works.

- Result: operation settled with an obtained return of 12 %. Past performance does not guarantee future results.

Project updates

JUL292024
CompletedJuly 29, 2024

Operation completed

The operation has been completed successfully. Returns have been distributed to co-investors.

JUN072023
In operationJune 7, 2023

Operation underway

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

JUN062023
FundedJune 6, 2023

Operation 100% funded

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

MAY312023
Round openMay 31, 2023

Funding open

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

MAY302023
LaunchMay 30, 2023

New operation: Emili Darder – Palma

We have identified a new real-estate co-investment opportunity. The funding phase will open soon to our co-investors.

12%

est. 17%

Real return

14 months

Estimated term

44.2%

LTV

Real-estate collateral

Guarantee

Capital committed100%
€120,000€120,000
Invernova co-invests €31,680
Invernova participates with 26.4%
Minimum participation€25,000
Completed

This operation has been completed.

Share

Investments carry risk. Capital not guaranteed.

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