New project! Invest in Ibiza with a 15% return in 18 months

At Urbanitae we’re launching a new debt project, Project Alegre—a transaction backed by prime residential luxury assets in Ibiza and structured to deliver a return known from the outset, supported by a strong package of guarantees.

Funding will open on Thursday 29 January at 16:00 (UTC+1). We’ll also host an informational webinar on Wednesday 28 January at 12:00 (UTC+1) with Juan Mínguez and Joaquín Uríbarri, Director and VP of Urbanitae’s debt team, where we’ll explain the deal in detail and answer all your questions.

10% annual return

Project Alegre consists of granting a mortgage-backed loan for the refinancing of an existing loan, completion of the works, and a partial recapitalization of the developer for two luxury villas located in the municipality of Sant Josep de Sa Talaia (Ibiza)—one of the island’s most exclusive residential areas.

These are two assets at an advanced stage of construction, with an estimated progress of approximately 60% and 70%, respectively, which significantly reduces execution risk and improves visibility on the project timeline.

The investment has an estimated term of 18 months, with a fixed interest rate of 10% per annum and a total return of 15%, calculated for the full term. The loan also includes two possible 6-month extensions if needed—in the second extension the interest rate would increase from 10% to 10.5%—with a minimum guaranteed return equivalent to 9 months of interest.

Investor exit is expected through the sale of one or both villas, supported by a multi-channel marketing strategy with international agencies specialized in Ibiza’s prime market.

Two prime villas in Sant Josep de Sa Talaia

Project Alegre is backed by two high-end single-family homes:

Villa Infinity – Vista Alegre

Located in the prestigious private community of Vista Alegre, this villa features 702 m² of interior space and 380 m² of terraces on a 1,000 m² plot. The structure is already complete and the estimated timeframe to finish the works is 4 to 6 months. Its elevated setting offers open views of the Mediterranean and Formentera, in a low-density environment with strong international demand.

Villa Caleta – Sa Caleta

Set on a large rural plot of 50,000 m², this villa has 410 m² of interior space and 250 m² of terraces, with unobstructed views over the island’s southern natural surroundings, including the Ses Salines Natural Park. Construction progress is above 70%, with a similar expected completion timeline.

Financial structure and guarantees

The project is structured entirely as debt, with a loan granted by Urbanitae investors to the borrowing company. The transaction includes a strong package of guarantees, designed to protect investors:

• First-ranking mortgage over both assets, with a mortgage liability of 125%.
• First-ranking pledge over the shares of the owning company.
• First-ranking pledge over the SPV’s bank accounts.
• 100% cash sweep from the sale of either villa, allocated to repay the loan.
• Sales mandate enabling the divestment of the assets if certain time milestones are reached or in case of contractual breach.
• Ongoing technical monitoring through an independent Project Monitor, who validates work certifications and disbursements.

We explain the key points of the project in this video: