We present Benasque, a new real estate debt project in one of the most spectacular natural areas of the Aragonese Pyrenees. The operation consists of a single-tranche bridge loan of €2,140,000, with a fixed interest rate of 10% per year, an estimated term of 12 months, and a possible 6-month extension.
- Informational Webinar: Thursday, December 11 at 12:00 AM (UTC+1)
- Funding Opens: Monday, December 15 at 16:00 PM (UTC+1)
The webinar will feature Iñaki Arteagabeitia, partner at Regen Regeneración Inmobiliaria and project manager, who will explain in detail the structure, urban planning progress, and development characteristics.
Bridge Loan Until the Promoter Loan
The operation involves granting a bridge loan aimed at refinancing an existing charge on urban land in Benasque. The goal is to allow the manager to advance all preliminary work necessary for the bank to grant the promoter loan, which will be the milestone enabling repayment of Urbanitae’s loan.
Repayment is expected once two conditions are met:
- Obtaining the building permit
- Reaching the pre-sales threshold required by the financial institution
Discussions with the bank are already well advanced.
Prime Location in the Pyrenees
The underlying asset is urban land located in La Pleta de Benasque, one of the most attractive residential and tourist areas of the municipality. The subdivision plan has already been approved, dividing the land into 9 independent plots, allowing the project to be developed in three phases of three blocks each.
The planned development consists of 86 multifamily units across 9 blocks, with 4 floors above ground + 1 underground floor. The units include 2 and 3 bedrooms, garage and storage, private terraces on upper floors, and gardens on the ground floor.
The total buildable area amounts to 8,168 m², and the estimated sale price has been confirmed by an independent market study, validating the promoter’s assumptions.
Benasque is one of the most valued destinations in the Aragonese Pyrenees. Surrounded by mountains, valleys, and glaciers, the town is located near some of the highest peaks of the Pyrenees, such as Aneto, and just 10 minutes from the Cerler ski resort. Additionally, a cable car is under construction that will directly connect the center of Benasque with the resort, further increasing its appeal.
Experienced Asset Regeneration Manager
The project is led by Regen Regeneración Inmobiliaria, a firm specialized in identifying and structuring investment opportunities in undeveloped assets or buildings for transformation. They have proven experience in project coordination, urban analysis, technical execution, and asset repositioning.
Their model focuses on transforming land and buildings into new residential, commercial, or mixed-use opportunities, always emphasizing quality and sustainability.
10% Annual in 12 Months
Urbanitae investors will enter through a committed single-tranche loan with the following characteristics:
- Total Amount: €2,140,000
- Fixed Interest Rate: 10% simple annual
- Term: 12 months + optional 6-month extension
- Minimum Interest: 6 months
- Principal and Interest Payment: at maturity
- LTC: 72% until refinancing
- LTV: below 36% of appraisal value
Full early repayment is allowed at any time, provided the minimum return equivalent to six months of interest is respected.
Loan Guarantees
The project has a set of first-class guarantees:
- First-ranking mortgage on the land, with 135% liability of the principal
- Pledge of control without fund intervention on the project accounts
- Pledge promise over development contracts
These guarantees provide a solid protection structure for investors.
Timeline and Expected Repayment
The estimated project timeline is as follows:
- Q4 2025: Loan grant and refinancing of the existing charge
- Q1 2026: Completion of the Basic Project and permit application
- Q2-Q3 2026: Obtaining the building permit
- Q4 2026: Milestone achievement and promoter loan grant → loan repayment
Why Invest in Benasque?
In our opinion, the main reasons are:
- Asset in one of the most valued areas of the Pyrenees
- First-ranking mortgage and LTV below 36%
- 10% annual return, with minimum guaranteed interest
- Market with stable demand for second homes and tourism
- Advanced urban planning and favorable regulatory environment
- Well-advanced discussions with the bank for the promoter loan
If you have questions, you can ask them in the webinar with the manager—via our Telegram channel in advance—email us at contacto@urbanitae.com, or call (+34) 911 23 25 22.
Invest in Huesca with 10% total annual returns!
