Civislend, a platform specialising in participatory property financing, has developed over 350 homes in the province of Cádiz with an approximate investment of more than €15 million, positioning the province as the second in Andalusia in terms of the volume of property crowdlending transactions.
In total, the platform which operates as a crowdfunding service provider has launched 10 projects in towns such as Cádiz city, El Puerto de Santa María, Sanlúcar de Barrameda and Sotogrande, of which six have already been repaid and four are still ongoing. The average total return on projects in the province stands at 15.72%, with an average term of 19.3 months and the participation of over 4,700 investors.
The types of properties financed include multi-family buildings, new-build developments, single-family homes and land. Real estate crowdlending enables developers to access alternative financing through the participation of private and institutional investors via a digital platform, with terms and returns set at the start of each transaction.
One of the most recent projects is the financing of a student residence in the historic centre of Cádiz city, featuring 132 rooms, a sun terrace with a swimming pool and spacious communal areas.
Since its foundation, Civislend has supported 165 property projects across Spain, channelling €313 million in investment with an average return of 13.73% and an average term of 15 months.
