New project! 12% return in Benicàssim
Urbanitae is opening a new real estate investment opportunity: the El Desert project, a debt operation consisting of a bridge loan to finance the acquisition of a plot in Benicàssim (Castellón). Funding will open on Wednesday, October 22 at 4:00 p.m. (UTC+2).
On Tuesday the 21st at 4:00 p.m. (UTC+2) we’ll host an info webinar together with Sergio Beltrán Chabrera, CEO of Sebeco, the project manager.
67 homes across 4 floors
The loan will finance part of the land purchase price and acquisition costs, as well as expenses associated with Urbanitae’s structured financing.
Repayment will occur when the development loan is formalized with a financial institution, once the milestones of obtaining the building permit and achieving sufficient pre-sales have been met. Alternatively, repayment could take place via the entry of an investor partner in the project’s equity.
The site already has registered horizontal division, which will be revoked and unified after the sale. The plan calls for 67 homes with communal areas, a pool, gym, and parking (ground floor plus three above-ground stories), with a total buildable area of 6,539 sqm.
The El Desert project is located in central Benicàssim, 1 km from the beach. The town combines natural surroundings, quality of life, and strong connectivity via the AP-7 and N-340, backed by robust residential and holiday demand. The sales campaign launched in late August already totals 20 reservations (30% of the development).
Sebeco: over 30 years of experience
Sebeco has more than 30 years of experience in development and construction in the province of Castellón. It is currently developing over 200 homes in various towns and preparing new large-scale residential areas. Its local knowledge and technical solvency make it a trusted partner.
12% annual return
Key terms of the El Desert loan:
- Loan amount: €1,210,000
- Term: 12 months (+ optional 6-month extension)
- Interest rate: Fixed 12% per year
- Minimum guaranteed interest: 6 months
- Interest and principal: At maturity
Security package
- First-rank mortgage on the asset (mortgage liability equal to 150% of the loan).
- First-rank pledge over the borrower’s share capital.
- Pledge and control of project bank accounts (including the VAT account), with VAT refunds swept to amortize the loan.
- Joint and several corporate guarantee from Sebeco.
Why invest in El Desert?
Key strengths of the El Desert project:
- Fixed 12% annual return with a six-month minimum.
- First-rank mortgage and corporate guarantee from the manager.
- Developer with a long track record and strong focus in Castellón.
- Prime location in Benicàssim, 1 km from the sea.
- Pre-sales underway (30% since late August).
Returns in 12 months
The estimated duration of this project is 12 months, with a possible 6-month extension at month 12.
- Q4 2025: Loan granted and asset acquired.
- Q4 2025: Building permit application submitted.
- Q1–Q2 2026: Building permit obtained.
- H2 2026: Development loan secured and repayment of the Urbanitae loan.
Questions? Join us for the webinar on Tuesday the 21st at 4:00 p.m. (UTC+2) and, as always, reach us at contacto@urbanitae.com or (+34) 911 23 25 22.
