Investment opportunity in Malaga: 10.5% return!

This week we are launching a new debt project in Mallorca, which we will open for funding next Friday, March 22th at 12 p.m.

The Las Lagunas de Mijas project is located in Arrabal Parque Lagunas, on the Costa del Sol, and is one of the main destinations in the entire province of Málaga. It boasts large beaches, natural spaces, golf courses, business and industrial complexes, shops, and restaurants. It is an attractive location for both national and high-net-worth foreign visitors.

For this project, we will have Nuovit, a real estate developer and manager specializing in new-build houses and apartments for sale, both under direct promotion and cooperative schemes.

Mortgage guarantee on the property comprising the project

This operation will be structured via debt, where Urbanitae investors will enter the project by granting a loan in a single tranche with a fixed annual interest rate of 10.5%, aimed at financing part of the land acquisition price and the planning and marketing costs incurred until the obtaining of the license and refinancing of the Urbanitae loan. The loan term is 12 months, with an option to extend for 6 months in month 12.

Urbanitae investors’ exit will be: either through bank refinancing through the developer loan, or through equity from a partner (new or existing) or from Urbanitae investors themselves in a capital gain project to be published on the platform in 2025.

In this video, the developer and our CEO, Diego Bestard, explain the details of the Las Lagunas de Mijas project.