New debt project at Urbanitae. We return to Cantabria with Tecniobras, with whom we have already financed two projects. This time, we offer you the opportunity to invest in Santander with a 19% return in 18 months. The investment opportunity will open on Tuesday, November 19 at 4:00 p.m. (UTC+1).
The Residencial Coppelia project involves granting a loan to recapitalize part of the funds contributed by the developer for the development of 173 residential units in Santa Cruz de Bezana, Santander. This development will consist of five blocks with three floors and a basement, landscaped areas, and a community pool.
The specific location of the project is Soto de la Marina, a village in the municipality of Santa Cruz de Bezana. This area is 10 minutes from Santander and five minutes from San Juan de la Canal beach. It is known for its natural surroundings, with plenty of green spaces close to the beach and good connections to various services.
As for the developer, this is the third time we are collaborating with Tecniobras, following the Chelsea project – already returned to investors – and the Tesla project, which is progressing as planned. Tecniobras has over 20 years of experience and more than 30 real estate projects in the north of Spain, particularly in Cantabria, where it has established itself as a key player.
40% construction progress
The two main strengths of this project address two risks. On the one hand, the commercial risk is very limited as 100% of the units have already been reserved – with signed purchase contracts. On the other hand, there is no timeline risk concerning licenses, as Residencial Coppelia already has a building permit and construction is already 40% complete.
This is a debt project. Urbanitae investors will contribute a total of €1,685,000 in a single tranche aimed at recapitalizing part of the equity provided by the developer. This tranche will have an 18-month term and a fixed annual rate of 13.0%. Total early repayment is allowed at any time but is subject to a minimum return of 10 months of interest.
In this video, the developer and our Director of Real Estate, Sergio Arana, explain the project details.
19% return in 18 months
Residencial Coppelia will offer a total return of 19.50% in 18 months, with a minimum return for Urbanitae investors of 10.8%.
The estimated project term is 18 months, with no possibility of extension. The loan is expected to be granted in November 2024. The completion of construction, sale, and delivery of the development, and the loan repayment are anticipated for the first or second quarter of 2026.
Do you have any questions? On Thursday, November 15 at 12:00 p.m. (UTC+1), we will hold a webinar with the project developer to answer any questions from interested investors. Additionally, you can contact us at contacto@urbanitae.com or by phone at (+34) 911 23 25 22.
We look forward to seeing you!
