New Project in Zaragoza: 15.75% Return in 18 Months
Urbanitae is launching a new debt project in Zaragoza, which will open for funding on Friday, July 11 at 12:00 PM (UTC+2). It is a bridge loan for the acquisition of land intended for the development of a residential project comprising 69 homes in the Valdefierro district.
An informational webinar with Libra Gestión de Proyectos, the project manager, will be held on Wednesday, July 9 at 4:00 PM (UTC+2) to answer any questions about this investment.
A Residential Project in a Growing Area
The Terrazas de Biel project consists of granting a loan of €3,520,000, with a fixed annual interest rate of 10.5% and a term of 18 months with no extension. The loan will partially finance the purchase of final-use land awarded to Libra Gestión de Proyectos in Sector U-57-6B of Valdefierro, Zaragoza. The operation will also cover part of the remaining urban development costs and the structuring costs of the loan.
The land, owned by Sareb, already has development works underway, with 20% completed. Once acquired, the project will continue the urban development and apply for a license to build 69 multifamily cooperative housing units. The homes will have between 2 and 5 bedrooms and will include a parking space, storage room, landscaped common areas, indoor and outdoor swimming pools, a gym, and a children’s play area.
The Developer: Libra Gestión de Proyectos
The Terrazas de Biel project is led by Libra Gestión de Proyectos, a real estate management company with more than 25 years of experience and nearly 6,000 homes delivered. This is the fourth project Libra is developing with Urbanitae, following Juan de Austria and Mirador de la Estación in Madrid, and Residencial Benlliure in Valencia.
Libra specializes in the comprehensive management of residential developments, with a strong presence in Madrid, the Valencian Community, Aragon, and Castile and León. The company currently manages over 1,300 homes and maintains close relationships with financial institutions, which it plans to use to refinance this loan once the building permit is obtained and 50% of the units (35 homes) are pre-sold.
As of today, the project already has 40% of units reserved, with 28 of the 69 homes committed.
Loan Terms
The loan is structured in a single tranche, with the following terms:
- Total loan amount: €3,520,000
- Fixed annual return: 10.5%
- Loan term: 18 months
- Interest and principal paid at maturity
- Minimum guaranteed return equivalent to 6 months of interest (5.3%)
- Collateral: First-ranking mortgage on the land and pledge on the borrower company’s bank accounts
Early repayment is permitted at any time, provided the minimum return is guaranteed.
Watch this video to learn more about the project.
Strategy and Timeline
The loan will finance 70% of the land acquisition cost and 48% of the urban development costs. The land purchase is scheduled for July 2025. From there, development work will continue (expected to be completed by the end of 2025), and the building permit will be requested. Urbanitae investors will exit the project through bank refinancing, planned for March 2026, once the building permit is obtained and 50% of the homes are pre-sold.
Why Invest?
- Final-use residential land in Zaragoza with development already underway
- Fixed annual return of 10.5%, with a minimum guaranteed return
- Project already has an advanced commercialization level (40%)
- First-ranking mortgage as collateral
Market and Risks
Valdefierro has become one of Zaragoza’s most active expansion areas, attracting young families thanks to its quality-price ratio. The project is well connected and surrounded by essential services.
As with any investment, this opportunity carries risks: potential delays in commercialization, license approvals, or changes in initial conditions. In such cases, the full investment would be returned to investors.
Reminder: The Terrazas de Biel project will open for investment on Friday, July 11 at 12:00 PM (UTC+2). For more details, join the webinar on Wednesday, July 9 at 4:00 PM (UTC+2) with the Libra Gestión de Proyectos team.
Are you interested in this real estate investment opportunity with mortgage-backed security? Visit Urbanitae for more information.
