Joan Crespí – Palma

Palma de Mallorca, Illes Balears

Invernova co-invests in this operation

We contribute 68.650 € (27.46% of total capital). Our success depends on yours.

Description

Joan Crespí is a buy-and-sell operation on a flat located on Joan Crespí street, in one of the best neighbourhoods of Palma, capital of Mallorca (Balearic Islands), a city with very strong residential and tourist demand.

The home offers 125 m² of built surface on a first floor, arranged as four bedrooms (three double, one single), two bathrooms, kitchen, dining room and balcony. The property is in good condition and barely needs refurbishment.

The project finances the acquisition of 100% of the property. Invernova takes on the preparation 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

125 m² apartment — 4 bedrooms

Estimated property value

340.000 €

Estimated total investment

250.000 €

Estimated profit

+90.000 €

Estimated exit value composition

Exit value340.000 €
Investment recovered74%
Estimated profit26%
+36% on the investment

Estimated investment breakdown

Investment250.000 €
Purchase price200.000 €
Taxes and notary20.000 €
Renovation / construction work10.000 €
Other expenses20.000 €

Project updates

AUG102023
CompletedAugust 10, 2023

Operation completed

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

NOV172022
In operationNovember 17, 2022

Operation underway

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

NOV162022
FundedNovember 16, 2022

Operation 100% funded

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

NOV102022
Round openNovember 10, 2022

Funding open

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

NOV092022
LaunchNovember 9, 2022

New operation: Joan Crespí – Palma

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

17%

Estimated return

9 months

Estimated term

53.3%

LTV

Colateral del inmueble

Guarantee

Capital committed100%
250.000 €250.000 €
Invernova co-invests 68.650 €
Invernova participates with 27.46%
Minimum participation25.000 €
Completed

This operation has been completed.

Investments carry risk. Capital not guaranteed.