Civislend closes a record February after getting the participation of 424 investorswith whom he has raised €3.5 million. The participatory financing platform expert in real estate crowdlending will use this amount in the financing of three real estate projectsall focused on housing development. “It has been our best month since the platform began operating, which shows that real estate crowdlending has ceased to be unknown to consolidate itself as a real alternative”, reveals Íñigo Torroba, CEO of Civislend, adding that “In addition to reaching a milestone in investment volume, it has also been the month with the highest number of projects (3) and with the highest number of investors (424)”.
For the expert, the key to success lies in “an impeccable track record, without a single default on the part of the promoters”, an aspect that makes Civislend a benchmark. Likewise, Torroba comments that “Investors trust us because they know the great potential of our platform, which is capable of giving them a total return of between 15% and 18%, and always with guarantees.”, comments Torroba.
Focus on the residential
Although crowdlending is applicable to any type of real estate, the truth is that residential development It is the segment that has been able to take advantage of the advantages of this participative financing model the fastest. Proof of this is that the three projects that Civislend completed in February were aimed at housing development. “The developer is committed to a tool that allows him to supplement his capital quickly and easily”, indicates Torroba.
The first of the three projects that the platform announced on its marketplace was Moreras Homes Cunit, eight exclusive homes on the Costa Dorada that raised 420,000 euros in less than two hours, giving investors a total return of 13.13%. The second was Singulart Space, a set of 40 single-family homes in Almería that reported a 9% return to investors, who contributed 1.9 million euros. Finally, the Residencial El Vigía, made up of 28 homes in the Cádiz complex of atlanterracollected 1.1 million euros in exchange for a total return of 18%.
An unblemished record
To be on the radar of those who decide to optimize their savings, Civislend has traveled a path that already accumulates 35 projects successfully financed and a total of funds raised of 26,761,000 euros. “Our objective is to try to offer whenever possible a return of around 9% per year, and this is something that in 2023 we are achieving with the loans that we have opened to investors up to now”, exposes Torroba
Group loans have a promising future because their advantages are very attractive: from flexibility and regulation to transparency and accessibility, without forgetting the strength of a strategic sector for the economy. “Real estate has made its recovery capacity clear”says Torroba, who insists that “Spain must continue to grow in new construction to respond to the needs of the demand, and developers have in their hands an innovative source of financing that reduces their dependence on banks”.
