Urbanitae presents a new debt project in the capital: the Margaritas project, which will open for funding on Thursday, August 28 at 12:00 p.m. (UTC+2). The operation offers investors a fixed return of 13% per year (26% total in 24 months), with a total loan amount of €970,000 in a single tranche.
The Margaritas project consists of granting a loan to partially finance the acquisition of an existing building, as well as part of the demolition costs and planning for the development of a new property at 56 Margaritas Street, Berruguete neighborhood (Tetuán), Madrid.
The future development foresees the construction of 15 one- and two-bedroom apartments, all with storage rooms, distributed across a four-story building above ground plus a basement. The ground floor will feature shared spaces such as a gym, bicycle parking, and technical rooms, in addition to the storage rooms.
Tetuán is a central and multicultural district of Madrid, with excellent transport connections, proximity to the Bravo Murillo shopping axis, and the AZCA financial district. It is a consolidated area that blends tradition and modernity and continues to attract new residential development projects.
The developer behind the Margaritas project is Grupo Abauco, a real estate company created in 2019 and formed by a team with more than 15 years of industry experience. The company has participated in projects in Spain and Germany with an investment volume of over €500 million, focusing on the residential and hotel sectors.
This will be the ninth project Urbanitae has financed with Grupo Abauco, following successful operations such as López de Hoyos, Santa Hortensia 58, and Embajadores 199 in Madrid, as well as projects in Seville and Marbella.
The deal is structured through a €970,000 loan, with a term of 24 months and the possibility of a 12-month extension. Capital and interest will be paid at maturity, with a minimum return equivalent to 12 months of interest.
Exit from the loan will take place through bank refinancing, once the building permit has been obtained and the required level of presales set by the bank has been reached.
The loan includes several guarantees for investors:
In this video we explain the key details of the project.
Here’s a summary of the project’s strengths:
The Margaritas project has an estimated term of 24 months, with a possible 12-month extension at month 24.
The project will be available on our platform on Thursday, August 28 at 12:00 p.m. (UTC+2). If you have any questions, feel free to write us at contacto@urbanitae.com or call us at (+34) 911 23 25 22.
Don’t miss this opportunity to invest in central Madrid with Urbanitae!
diego.gallego@urbanitae.com