New project in Málaga! Invest with a 14% annual return
Today we return once again to Málaga to present a new project. On this occasion, it is a bridge loan to finance part of the acquisition costs of two plots of land located in the province of Málaga. You will be able to invest on Friday, January 3, at 12:00 (UTC+1). Below, we provide all the details of the project.
The Varadero project involves the granting of a loan to finance the acquisition costs of two plots of land, one in Almayate, located in the Valle de Niza area 25 km from Málaga city, and the other in Benahavís, a consolidated residential area surrounded by nature and just 12 km from Puerto Banús.
Regarding the development of the promotion, the Almayate plot has a license for the development of 125 apartments in blocks with up to four bedrooms, 136 parking spaces, and 122 storage rooms, as well as landscaped common areas and a communal pool. On the other hand, the Benahavís plot is pending urbanization works and has a granted license for the development of 28 detached homes with 3 bedrooms each, equipped with a terrace, porch, parking, and private garden. Additionally, it features exclusive community areas, including a pool, sauna, and gym.
The developer of this project is Grupo San Pablo, a company with 15 years of experience in the real estate sector, more than 40 completed projects, and 3,000 properties throughout Spain and internationally, including the development of luxury homes in the Dominican Republic.
Approved construction license and first-rank mortgage guarantee
The Varadero project is a debt project. The partnership between the developer and Urbanitae investors is structured as a fixed-rate loan to finance part of the acquisition costs (purchase and purchase costs) and commercialization.
Both assets are located in sectors with approved subdivision and urbanization projects and construction licenses. However, in the case of Benahavís, the license is conditioned on completing the pending urbanization works.
The total loan amount is €6,695,000, of which €5,000,000 will be financed by the platform through Urbanitae investors, and the remaining €1,695,000 by external investors. The total loan will be structured in a single tranche with a fixed annual interest rate of 14%, backed by a first-rank mortgage guarantee on the registered properties on which the project is being developed.
In this video, the developer and our Real Estate Director, Sergio Arana, explain the details of the project.
28% return in 24 months
The estimated duration of this project is 24 months. In the first quarter of 2025, urban planning procedures and commercialization will begin to meet the milestones required by the bank for granting the development loan. In the second quarter of 2026, the urbanization works will be completed, thus complying with all urban planning permits and licenses and reaching the minimum pre-sale level required by the bank for granting the development loan. Finally, in the fourth quarter of 2026, the loan will be granted, and Urbanitae investors will exit the project.
Do you have questions? On Thursday, January 2, at 11:00 (UTC+1), we will hold a webinar with the project manager 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.