New Debt Opportunity in Marbella with 10.5% Annual Return

On Thursday, August 21 at 12:00 p.m. (UTC+2), Urbanitae will launch financing for a new debt project in Marbella: Alcalá 4 Golf, a luxury villa under construction located in the exclusive Nueva Andalucía residential area. This is the fifth project in collaboration with Cogitari Homes, a developer with extensive experience on the Costa del Sol, following Villa Alcalá, Gate 3, Pinares de San Antón, and Hills 14.

A Luxury Villa in Nueva Andalucía

The Alcalá 4 Golf project consists of the construction of a detached single-family villa on a 1,458 m² plot, with a total built area of 1,468 m² spread across four levels. The villa will feature:

• 5 bedrooms and 6 bathrooms
• Outdoor pool and garden
• Underground parking
• Wine cellar, gym, spa, and games room
• Privileged views of the Real Club de Golf Las Brisas and the mountains

Construction began in April 2025 and is currently 10–15% complete. The building permit was granted in November 2024.

Transaction Details

The project is structured through a mortgage loan granted in three tranches, with a total amount of up to €5,100,000. In addition, the developer is committing a total of €2.8 million in equity to the project. Tranche A, which is now open, amounts to €2,185,000, under the following terms:

• 10.5% simple annual interest
• 24-month term, with the possibility of a 12-month extension
• Principal and interest paid at maturity
• Minimum return equivalent to 18 months of interest (15.75%)

The loan is secured by the following guarantees:

• First-ranking mortgage on the financed property (with 150% mortgage liability)
• Pledge of the borrower’s shares
• Pledge of the borrower’s bank accounts
• Mandate to sell the asset in case of default

As with all Urbanitae debt projects, an independent project monitor will supervise the construction and validate milestones before authorizing disbursements. In this video, we explain the key aspects of the project.