This week we are launching an investment opportunity in Marbella, which we will open for funding next Monday, November 27th at 4 p.m.
The Cazorla – Piemonte project involves the development of two assets. On one hand, Casa Cazorla consists of the development of a luxury villa. On the other hand, the Piemonte project involves the development of a luxury single-family home.
Both projects are located in Marbella, Málaga. Specifically, Casa Cazorla is situated in the Lomas del Marbella Club urbanization, and Casa Piemonte is located in the Nueva Andalucía Aloha urbanization.
For this project, we will collaborate with Casas Fintech, a developer with experience in luxury housing development on the Costa del Sol.
Mortgage guarantee on the properties comprising the project
This operation will be structured as debt, where Urbanitae investors will grant a fixed-rate loan of 20% to the asset-owning company. This loan will be used to cover the construction costs of both projects and to remove the burden on the Piemonte project. The total amount of the loan is €7,480,000, of which €2,123,000 will be contributed by Urbanitae investors.
As for the Cazorla project, the land has been acquired free of charges, and the building permit has been requested. In the Piemonte project, the land is owned by the developer, who acquired it with personal funds and a loan granted by Sabadell. The project has been granted a building permit.
Regarding the loan repayment guarantees, the project has a first-ranking real mortgage guarantee on the assets of the Cazorla and Piemonte projects through a collateral agent.
20% return in 24 months
The project has a 20% return over 24 months.
In the fourth quarter of 2023, the loan for tranche A is expected to be granted. Construction is estimated to commence in the first quarter of 2024.
In the second quarter of 2024, the grant of tranche B of the total loan provided by Urbanitae investors is expected, along with the continuation of construction.
During the fourth quarter of 2024, the grant of tranche C of the total loan provided by Urbanitae investors for the completion of construction is anticipated.
Completion of construction is expected in the second quarter of 2025. Finally, in the fourth quarter of 2025, the notarization of the homes and the repayment of the total loan granted by Urbanitae investors are estimated to take place.
As always, you can reach out to us with any questions about the project at contacto@urbanitae.com or by calling (+34) 911 23 25 22.
