Coliving in Sants: new debt project at 10% annual interest

This Thursday, July 24 at 4:00 p.m. (UTC+2), we’re opening for financing a new debt project on Urbanitae. It’s a €3,005,000 loan to refinance a 27-room coliving space in the Sants neighborhood of Barcelona. With a fixed annual interest of 10% and an initial term of 12 months, this opportunity comes with a first-rank mortgage and additional guarantees. The investment ticket will be limited to a maximum of €3,000 per investor.

On Wednesday, July 23 at 12 p.m. (UTC+2), we’ll host a new online session to analyze the project together with Maximilian Beltrame, CEO of Bel Invest.

A completed coliving, ready for operation

The asset backing this loan is a six-story, 1,360 m² building whose construction has recently been completed. The residence will offer 27 rooms with private bathrooms and kitchens, as well as shared spaces including a gym, coworking area, chillout terrace, shared kitchen, and reception areas.

Located at 77 Gavà Street, in the Sants-Montjuïc district, the building is close to Sants Station, Palau Sant Jordi, the University of Barcelona, and other key points of the city. The area is in high demand among young professionals and digital nomads seeking temporary rentals.

Currently, the Sants project has obtained its final construction certificate and is in the process of securing the first occupancy license, expected by October 2025. The residence is scheduled to open in the first quarter of 2026.

An experienced operator: BelVillage

The project is managed by BelVillage, an international coliving operator with assets in Barcelona, Berlin, and Italy, and part of the real estate group Bel Invest. In Spain, BelVillage manages two coliving residences in Barcelona — Diputació and Aurora — and the Sants project will be their third opening in the city.

The company provides centralized management based on technology and operational efficiency, allowing them to optimize costs and deliver a high-quality experience for residents. The building was acquired in 2015, and development began in 2023 after consolidating other projects in the portfolio.

Structure and guarantees of the operation

Urbanitae investors will grant a first-lien mortgage loan to Barcelona Smart Invest S.L. for a total of up to €3,005,000. The capital will be used to refinance the previous development loan and complete the furnishing and equipping of the property.

The loan has a fixed annual interest rate of 10% and an initial term of 12 months, with two optional six-month extensions. Interest and principal will be paid at maturity, with a minimum return equivalent to 9 months of interest.

The guarantees include:

• First-rank mortgage on the asset with a 130% mortgage liability
• First-ranking pledge on the rights to collect future rental income
• First-ranking pledge on the project’s operational account

This video explains the key points of the project.