New project in Málaga! With a 9% annual return

We present a new debt project. On Monday, July 5th at 12 PM (UTC+2), you will have the opportunity to invest in Málaga with a 4.5% total return in a loan for the renovation of a villa completed in the El Cerrojo urbanization, in Las Lomas de La Quinta, Benahavís. Here’s everything you need to know.

With the Amandari project, we travel once again to Málaga, this time in Benahavís. This new development consists of granting tranche A to finance a mortgage and an outstanding payment to suppliers for an already completed project, which involves a comprehensive renovation of a villa in the El Cerrojo urbanization. The remaining loan from Urbanitae will be used for a recapitalization of equity for the manager.

The villa is located in Benahavís, within the prestigious El Cerrojo urbanization, Las Lomas de La Quinta, surrounded by green areas, with views of the mountains and the sea, and close to several golf courses. The municipality is also 5 kilometers from San Pedro de Alcántara and 12 kilometers from the center of Marbella.

Villa Amandari features 4 bedrooms, 7 bathrooms, and a guest toilet. It is equipped with a garage and storage room, as well as several spacious living rooms. On the surface, built above ground, the residence includes a wine cellar, several porches, terraces, and a plot with a swimming pool and garden.

The manager of this project is 2HA, a delegated promotion company specialized in project design and architecture, construction management, and project management from urban planning processing to handover. They have delivered more than 100 projects including luxury villas and other facilities such as Marbella Arena or Marbella Library.

The project developer acquired the asset and fully renovated it using personal funds and bank financing. Currently, he is the owner of the asset, with the renovation already completed.

Total Return of 4.5%

The Amandari project is a debt project. Therefore, Urbanitae investors come together to grant a loan to the developer divided into two tranches. The loan amount for tranche A is €1,650,000, with a fixed rate of 9% and a duration of 6 months.

The total amount of this loan is up to €2,755,000, fully financed by Urbanitae investors. Tranche B, with an amount of €1,105,000, will be used for additional recapitalization of part of the personal funds advanced by the manager for the project. This tranche will have an estimated term of 4 months – with an option to extend for 6 months – and an annual interest rate of 9%.

First-Rank Mortgage Guarantee

Regarding the guarantees for the repayment of the loan, a first-rank mortgage promise on the registered property of the villa is established, as well as a first-rank pledge promise on the shares and on the SPV’s bank accounts.

Moreover, a very favorable point for Urbanitae investors is that the project and the villa are already completed and currently have an occupancy license (LPO) and all necessary permits for its sale and delivery.

Considering this, the estimated duration of this project is 6 months. After the loan is granted by Urbanitae investors, the asset sale and villa handover will take place. In summary, the loan repayment is expected to occur between January and February 2025.

In this video, the developer and Diego Bestard, CEO of Urbanitae, explain the details of the project.