New project! Frontline golf investment in Benalmádena

Urbanitae returns to the Costa del Sol with a new real estate investment opportunity. This time, we present Green Village, a debt project with a mortgage guarantee in Benalmádena (Málaga), aimed at financing part of the acquisition and related costs of a plot designated for protected housing (VPO). The project will open for funding on Tuesday, June 24 at 4:00 p.m. (UTC+2).

Financing secured by a golf-front plot

The Green Village project consists of a €5,000,000 loan over a 24-month term (extendable by an additional 6 months) with a fixed annual interest rate of 12.5%, and a minimum return equivalent to 18 months of interest. The loan will be used to finance part of the acquisition cost of a 25,140 m² plot with a buildable area of 29,217 m², located on the front line of a golf course, as well as the associated costs needed to reach the milestones required for bank financing. Urbania will contribute the remaining capital from its own funds.

The main asset is a plot currently designated for hotel and sports (golf) use, which can be adapted for protected housing in accordance with Andalusian Law 13/2005. As additional collateral, the project includes three plots located in Llinars del Vallès (Barcelona), as well as a joint and several corporate guarantee from the promoter’s parent company.

A solid project in a prime location

The land securing the loan is located between the Torrequebrada and Bil Bil Golf courses, in a fully urbanized area with strong residential demand. The project plans to develop 344 protected homes (VPO), along with their corresponding parking spaces and storage units. Sales are expected to be at regulated prices, with an estimated average sales price of €245,807 — significantly below comparable developments in Benalmádena.

The town, located just 15 minutes from Málaga Airport, has experienced very positive demographic and economic growth over the past two decades. Its appeal as both a residential and tourist destination ensures strong demand for quality affordable housing.

The developer: Urbania

Urbania is a developer, manager, and investor with more than €1.2 billion in projects delivered across Spain, Portugal, and Brazil. With a team of over 150 professionals, Urbania has extensive experience across all phases of the real estate process. This will be their second project funded on Urbanitae.

The company acquired the Green Village plot through a competitive sales process organized by a major Spanish firm. Following the acquisition, the developer will submit a detailed development plan and apply for a building permit, a process estimated to take between 15 and 18 months. During this period, they must also reach the required number of pre-sales for the bank to grant a development loan that will refinance the Urbanitae loan and return funds to investors.

Loan terms and guarantees

The loan will be structured as a single €5,000,000 tranche with the following terms:

• Fixed annual interest rate of 12.5%
• 24-month term, extendable by 6 months
• Interest and principal paid at maturity
• Minimum return guaranteed of 18 months’ interest

Guarantees:

• First-ranking mortgage on the primary asset
• First-ranking mortgage on the Llinars del Vallès plots
• Joint and several corporate guarantee from the parent company

Additionally, the loan features a loan-to-value (LTV) ratio of 26% based on the combined value of the collateral, offering strong coverage for investors.