Today we bring you a new project. However, this opportunity to invest in real estate crowdlending is not entirely new. It is the continuation of the Gate 3 project, which we financed last December on the platform.
At that time, we raised a ticket of 2,815,000 euros to finance the development of three luxury villas with gardens and private pools in Benahavís (Málaga). This time, we invite you to participate in the second tranche of the loan to the project developer, Cogitari Homes.
From December until now, the project has made notable progress. Today, the works are 40% complete, as they already had a building license. Additionally, one of the three villas has already been sold.
15% return in 18 months
The second tranche of the debt, already stipulated in the business plan, amounts to 2,185,000 euros. This amount will be used to cover the construction costs until completion. The loan has a duration of 18 months and a fixed interest rate of 10% per annum. This means that the total return on the Gate 3 II project is 15%.
Full early repayment will be allowed at any time, subject to a minimum guaranteed return equivalent to 12 months of interest. Additionally, an extension of up to 6 additional months beyond month 24 is allowed, subject to a 100% progress rate of the works.
First-rank mortgage guarantee
Investors entering this second tranche will be subrogated to the first-rank mortgage on the three registry properties that make up the project, as established in the loan agreement.
In this video, our CEO, Diego Bestard, and the developer explain the details of the project.
If you have any questions, you can review the webinar we held with Cogitari Homes in December. Additionally, we will be happy to assist you at contacto@urbanitae.com and at (+34) 911 23 25 22.
Don’t miss this opportunity to invest in real estate crowdlending with a total return of 15%.
