We present a new opportunity to invest in Marbella with a 17% return. We will open it for funding on Friday, May 3rd at 12 pm.
This time, it’s the continuation of the Cazorla-Piemonte debt project, which we financed last November on the platform. This project involves granting a loan for the development of two luxury single-family homes (Casa Cazorla and Casa Piemonte) with gardens and private pools in Marbella.
Casa Cazorla is a luxury villa with five bedrooms (two of them with walk-in closets), five full bathrooms, a guest toilet, and a living room-kitchen. Additionally, the basement features a gym, a reading room, an office, and a play area. The garden includes a large pool with lounge, dining, and outdoor kitchen. The land is owned by the developer, acquired free of charges; it has permits, and construction is 21% complete. Tranche B of the loan will be used to cover the costs associated with continuing the ongoing construction.
Casa Piemonte consists of the development of a luxury single-family home with six bedrooms (four of them with walk-in closets), seven full bathrooms, two guest toilets, and a living room-kitchen. The master suite has an independent terrace and a jacuzzi. Additionally, the basement includes a gym, bar, office, game room, and reading area. The garden features a large pool with lounge, dining, and outdoor kitchen. The land is also free of charges, has building permits, and construction is currently at 20%. Tranche B of the loan will be used to continue the ongoing construction.
17% return in 20 months
The second tranche of the loan, subject of the Cazorla-Piemonte II project, amounts to €2,676,500 and has a term of 20 months, offering a total return of 16.7%.
The total loan amount is up to €7,480,000 and has a duration of 24 months. The developer can repay the entire loan at any time, with a guaranteed minimum return equivalent to 24 months of interest and fees for tranche A, 20 months for tranche B, and 12 months for tranche C. In addition, an extension of an additional 12 months at month 24 is allowed, subject to 100% progress on construction.
In this video, Kiko Conde updates the project’s status.
You can also review the recording of the November project webinar.
If you have any doubts, feel free to reach us at contacto@urbanitae.com or call us at 911 23 25 22.
