New project in Marbella! 14% annual yield
New debt project on Urbanitae. This time, we are offering you the opportunity to invest in Marbella (Málaga) with a 14% annual return. The project will launch next Tuesday, December 31, at 12:00 PM (UTC+1).
The Lomas del Tenis Project involves the granting of a bridge loan to partially finance the acquisition costs of a residential plot located at Calle Sicilia-AR Trapiche 15 in Marbella, one of Spain’s leading tourist destinations. This is a ready-to-develop plot where a modified project will be submitted to obtain the license for the development of 52 homes. The project currently has administrative approval, with simultaneous urbanization and construction work planned.
Additionally, the development includes the construction of 52 homes, 52 storage units, and 104 parking spaces distributed across 9 independent blocks featuring shared amenities such as outdoor and indoor pools, a coworking area, a sauna, and a gym.
The developer of this project is Grupo San Pablo, a company with over 15 years of experience in the real estate sector. They have completed more than 40 projects in Spain and have international experience in the Dominican Republic.
28% total return
The Lomas del Tenis Project follows a debt strategy. Urbanitae investors will participate in the project through a single-tranche loan with a fixed annual rate of 14%, funding acquisition costs and providing a total return of 28% over 24 months—with a potential six-month extension at the end of the term.
From an urban planning perspective, the asset is pending a construction license, which will be sought by submitting a modified project. Once the asset is acquired, marketing will begin through major agencies in Málaga and the Costa del Sol.
First-Rank mortgage guarantee
The total loan amount is €10,075,000, of which €5,000,000 will be financed through Urbanitae investors and the remaining €5,075,000 through external investors.
Regarding repayment guarantees, the debt contract establishes a first-rank mortgage guarantee on the registered properties where the project is being developed, managed by a guarantee agent.
In this video, the developer and Diego Bestard, explain the key aspects of the project.
Returns in 24 months
The estimated term for this project is 24 months. In January 2025, Urbanitae’s loan will be signed, and the land will be purchased. Urban planning and marketing procedures will begin in the first quarter of 2025. Finally, between late 2025 and January 2026, the bank is expected to grant the developer loan, marking the exit of Urbanitae investors.
Questions?
Join our webinar with the developer next Monday, December 30, at 11:00 AM (UTC+1). You can also reach us at contact@urbanitae.com or by calling (+34) 911 23 25 22.