At Urbanitae, we continue to focus on exclusive investment opportunities in premium locations. This time, we present Paraíso de Azahar, a debt project in Estepona (Málaga) offering investors an annual return of 11.25% through an 18-month loan, with a minimum interest period of 12 months. Funding will open on Thursday, July 3rd at 4:00 p.m. (UTC+2). Due to the expected high demand, participation will be limited to a maximum of €3,000 per investor.
Exclusive location in Estepona’s old town
This new project involves the acquisition of six adjoining registered units with a total built area of 1,145 m². The development will consist of 10 multi-family homes distributed across a ground floor and three upper floors, with layouts ranging from one to three bedrooms. Five of the units will feature private rooftop pools, and all will include a parking space. The project also includes the construction of 12 storage rooms.
This is the only new-build residential development in Estepona’s old town, one of the most sought-after areas on the Costa del Sol. It is just two minutes from the iconic Plaza del Reloj and five minutes from the seafront promenade. The architectural design will respect the traditional style of the historic district, while incorporating top-quality finishes and modern features.
A locally experienced developer
The developer behind Paraíso de Azahar is ARG Promociones, a development and construction company with over 40 years of experience on the Costa del Sol. This is their second project with Urbanitae, following the successful funding of The Privilege in May 2025. ARG is collaborating with Complot Arquitectos, a studio specialized in high-end residential developments.
ARG will contribute €574,583 in initial capital (36%), and if the loan is extended to partially finance construction (Tranche B), the developer will also provide the necessary additional capital. Marketing has already begun, with expectations to reach 60% in pre-sales within the first 18 months.
Loan structure and terms
The Urbanitae loan has the following terms:
- Amount: up to €1,040,000, 100% funded by Urbanitae investors
- Return: 11.25% annual (16.875% total at maturity)
- Term: 18 months, with a guaranteed minimum of 12 months of interest
- Repayment: at maturity (interest and principal)
- Extension option: if part of the construction is financed, the loan can be extended for an additional 18 months (up to 36 months), with a minimum return equivalent to 30 months of interest and fees
Robust security package
The loan includes a strong collateral package:
- First-ranking mortgage on the six registered units
- First-ranking pledge on the borrower’s company shares
- First-ranking pledge on bank accounts
- Pledge of receivables from other ongoing projects by the developer (The Oak, Green Mountain I, Villa Infinity)
- Joint and several corporate guarantee from the group’s construction company until the full validity of the building license is obtained
You can find the key details of the project in this video.
Why invest?
We believe Paraíso de Azahar offers an excellent investment opportunity, for the following reasons:
- Strategic location: the only new-build development in Estepona’s old town
- Attractive return: 11.25% annual, with a 12-month guaranteed minimum
- Experienced developer: ARG Promociones has a proven track record in Estepona
- Strong demand: the product matches the most in-demand typology in the area
- Solid guarantees: mortgage backing and additional guarantees from other projects
Estimated timeline
- July 2025: loan formalization and property acquisition
- Second half of 2026: obtain building license and repay the loan via bank financing or, if the loan is extended, via unit sales during the construction phase
Risk mitigation
The project has undergone a thorough technical and commercial due diligence process. Potential risks such as delays in obtaining permits or securing external financing have been identified, but the business model incorporates safety margins, backup resources, and contingencies to help protect the investment.
Reminder: All investments carry risk. At Urbanitae, we strive to minimize risk and structure solid projects with conservative margins and aligned developers. This project represents an excellent opportunity to invest in one of the most attractive locations on the Costa del Sol.
Have questions? Ask them during the webinar we’re holding with the developer next Wednesday, July 2nd at 12 p.m. (UTC+2). You can reach us at contacto@urbanitae.com or (+34) 911 23 25 22. Don’t miss your chance to be part of this new project in Estepona!
