New project! Invest in luxury in Marbella with a 10% annual return
We present a new investment opportunity in the capital of real estate luxury: Marbella. This time, we continue the development of Villa Alcalá, whose first phase was financed last February. You can invest with a 10% annual return starting Monday, November 18 at 4:00 PM (UTC+1).
The Villa Alcalá II project is the continuation of the development of an exclusive villa in the Nueva Andalucía district. This luxury residence features five bedrooms, five bathrooms, parking for four vehicles, an entertainment and TV room, space for a gym and wine cellar. Additionally, the exterior includes a barbecue area with an outdoor kitchen, a private pool, and a sunbathing area.
The developer is Cogitari Homes, with over 30 years of international experience in the luxury segment. This is the fifth project –including different phases of previous projects– that we finance on the platform, following Gate 3, Villa Alcalá, Gate 3 II, and Pinares de San Antón.
10% annual return
The developer acquired the land in 2022 with its own funds and a loan from an alternative lender. The project already has the construction permit granted, and over 35% of the construction has been completed.
The Villa Alcalá II project is structured as debt. Urbanitae investors will participate in the project by providing tranche B of the Villa Alcalá project, with a fixed annual rate of 10% and a 15-month term, aimed at financing part of the construction costs and associated soft costs. The ticket for Villa Alcalá II amounts to 2,140,000 euros.
Early loan repayment will be allowed at any time, subject to a guaranteed minimum return equivalent to 15 months – an additional six-month extension is permitted. In other words, Urbanitae investors will, in any case, achieve a total return of 12.5%. Urbanitae investors will exit the project through the sale of the property.
As for guarantees, investors participating in this tranche will be subrogated to the first-rank mortgage on the registered property that makes up the Villa Alcalá project. The total loan amount is 4,900,000 euros, resulting in a loan-to-value of 55%.
In this video, the developer and our Director of Real Estate, Sergio Arana, explain the project details.
Returns by the end of 2025
The estimated term for this project is 15 months. It should be noted that tranche A of the loan was granted in the first quarter of 2024. The granting of tranche B, which is the subject of this project, is expected for the third quarter of 2024. A third tranche will be granted between the second and third quarters of 2025, coinciding with the completion of the construction and the obtaining of the occupancy permit. Thus, Urbanitae investors will recover their capital, with accrued interest, in the fourth quarter of 2025 or the first quarter of 2026.
Do you have questions? You can watch the recording of the webinar we held with the developer in February. Additionally, we are available by email at contacto@urbanitae.com and by phone at (+34) 911 23 25 22. Invest in luxury real estate with a 10% annual return: we look forward to having you!
Let me know if you need any further assistance!