Santuari – Barcelona

Barcelona, Barcelona

Invernova co-invests in this operation

We contribute 11.856 € (11.86% of total capital). Our success depends on yours.

Description

Santuari is a buy-and-sell operation on a flat located on Santuari street, in the El Coll and Carmel area, within Barcelona's Gràcia district. It is one of the busiest streets in the area, in a neighbourhood with strong residential demand thanks to its character and proximity to the city centre.

The flat offers 69 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) and has a lift; 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

69 m² apartment — 2 bedrooms

Estimated property value

149.000 €

Estimated total investment

100.000 €

Estimated profit

+49.000 €

Estimated exit value composition

Exit value149.000 €
Investment recovered67%
Estimated profit33%
+49% on the investment

Estimated investment breakdown

Investment100.000 €
Purchase price59.000 €
Taxes9000 €
Renovation / work12.000 €
Other expenses20.000 €

Project updates

NOV112019
CompletedNovember 11, 2019

Operation completed

Operation Santuari – Palma successfully completed: capital returned to co-investors with a 12% return.

JUN192019
In operationJune 19, 2019

Operation underway

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

JUN182019
FundedJune 18, 2019

Operation 100% funded

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

JUN122019
Round openJune 12, 2019

Funding open

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

JUN112019
LaunchJune 11, 2019

New operation

Operation Santuari – Palma launched. Capital raised and underway.

27.2%

est. 24.5%

Real return

7 months

est. 12 months

Real term

59.2%

LTV

Colateral Inmobiliario

Guarantee

Operation margin54.4%

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

Capital committed52%
51.856 €100.000 €
Invernova co-invests 11.856 €
Invernova participates with 11.86%
Minimum participation25.000 €
Completed

This operation has been completed.

Investments carry risk. Capital not guaranteed.