Invest in Nueva Andalucía: 9.5% Annual Return with Villa Alcalá III

We are excited to present Villa Alcalá III, the third and final tranche of a loan financing the construction of a luxury villa in Nueva Andalucía, Marbella. This is a real estate debt project offering a fixed annual return of 9.5% over an estimated term of 8.5 months, designed to cover the final construction phase and remaining soft costs.

• Project opening: Tuesday, December 9 at 12:00 PM (UTC+1)
• Maximum ticket per investor: €10,000

This tranche completes the financing previously obtained in February 2024 (Tranche A) and December 2024 (Tranche B), meaning many Urbanitae investors are already familiar with the asset, its progress, and the track record of the manager.

Construction 90% Complete

The Urbanitae loan, structured through Tranche C, has a maximum amount of €975,000 and will allow:

• Completion of the villa construction (currently around 90% progress)
• Coverage of certain soft costs associated with the final phase of the project

Tranche A, financed in February 2024, allowed the refinancing of the land purchase and initial construction costs. Tranche B, financed in December 2024, continued funding for construction and general costs. Tranche C now completes the necessary financing until the asset is finished.

The loan will have a 9.5% annual return and an estimated term of 8.5 months, which already includes a possible 6-month extension that could be activated after the agreed milestones are met.

Prime Location in Marbella

Villa Alcalá III is located in the prestigious Nueva Andalucía neighborhood, a high-end residential area near golf courses, large villas, and exclusive complexes. The villa features 5 bedrooms and 5 bathrooms, spacious and bright living areas, an entertainment and TV room, a gym and wine cellar, parking for 4 vehicles, an outdoor kitchen equipped for barbecues, and a private pool with solarium

The property is situated opposite the Real Club de Golf Las Brisas and less than five minutes from three other golf courses, in a highly sought-after area by high-net-worth national and international buyers.

Marbella continues to be one of the strongest residential and tourist destinations on the Mediterranean, with a combination of climate, premium services, shopping, dining, and hotel offerings, supporting a highly liquid luxury real estate market.

Total Return: 6.75% in 8.5 Months

The total financing of the operation amounts to €5,290,000, divided into three tranches: A, B, and C. The conditions are as follows:

• Tranche A (financed in February 2024): €2,175,000 → 11% annual → 24-month term.
• Tranche B (financed in December 2024): €2,140,000 → 10.5% annual → approx. 15-month term.
• Tranche C (now available): €975,000 → 9.5% annual → estimated 8.5 months (2.5 + possible 6-month extension).

All tranches are disbursed via monthly construction certificates validated by an independent Project Monitor. Principal and interest will be paid at maturity, accruing from day one. Early repayment is possible at any time, with a minimum guaranteed return of 2.5 months of interest.

Loan Guarantees

The project features a robust guarantee package consistent with the advanced stage of development:

• First-ranking mortgage on the property under construction
• First-ranking pledge on the borrower company’s shares
• First-ranking pledge on the SPV’s bank accounts

These guarantees are extensions of those in the previous tranches, so Tranche C investors will be subrogated into the same protection structure as previous investors.

Experienced Costa del Sol Manager

The project is managed by Cogitari Homes, a real estate group with over 10 years of experience, specializing in high-end villas and residential developments in Marbella, Benahavís, and Málaga. Led by Lars Christensen—over 30 years in real estate in Denmark and the Costa del Sol—the company emphasizes contemporary architecture, sustainability, and quality of life.

For Urbanitae, Villa Alcalá III is the fifth project financed with Cogitari on the platform, following Gate 3, Pinares de San Antón, Hills 14, and Alcalá 4 Golf. Their proven execution record and high-quality developments are key reasons why this manager enjoys investor trust.

Investment Timeline

The expected timeline is as follows:

• December 2025 → Loan granted and construction continues.
• Q1 2026 → Construction completion and first occupancy license (LPO) obtained.
• Q2 2026 → Villa sale and loan repayment.

The total estimated term is 8.5 months, with a minimum guaranteed return of 2.5 months.

In this video we explain the project details: