New project! Invest in luxury with a 14.25% return
We’re opening a new investment opportunity on the Costa del Sol with Tranche B of the Hills 14 project, a debt project that continues an operation previously financed on the platform. This is the second tranche of a loan structured in three phases, aimed at building a luxury villa and a private sports complex in one of the most exclusive residential areas in the province of Málaga.
This new tranche opens for funding on Monday, February 9 at 16:00 (UTC+1), allowing investors to join a project that is already underway, with construction progress above 40% and the license granted.
A project progressing as planned
Hills 14 consists of a high-end single-family home, called The Hills 14, located in the El Herrojo urbanization in Benahavís. The property is being built on a 2,374 m² plot and will have a total built area of approximately 2,250 m², distributed over three levels.
The asset is designed to meet the most demanding standards of the prime segment: outdoor and indoor pools, spacious landscaped areas, garage, sea views, and a lower level dedicated to leisure and wellness, including a wine cellar, cinema, gym, spa, and games room. In addition, the project includes a private sports club, developed on a second adjacent plot of 10,982 m², with tennis and padel courts, mini football, volleyball, and a CrossFit area—creating a truly unique, hard-to-replicate asset in the area.
Works began in December 2024 and, as of today, show certified progress above 40%, significantly reducing the execution risk typical of the earliest stages of a new-build project.
What does Tranche B involve?
This article refers to Tranche B of the loan, initially formalized in June 2025 with a Tranche A already financed on the platform. Tranche B aims to continue construction works and cover certain general project costs.
Key features of this tranche include:
- Tranche B amount: €2,600,000
- Fixed interest rate: 9.50% simple annual interest
- Term: 18 months, with a possible 9-month extension
- Estimated total return: 14.25%
- Minimum guaranteed return: equivalent to 15 months of interest
Interest and principal are paid at maturity. Full early repayment is allowed at any time, provided the agreed minimum return is respected.
Loan structure and security
The operation is structured as debt, through the granting of a fixed-rate loan to the special purpose vehicle (SPV) that owns the asset. The total loan for the project reaches up to €8.16 million, structured in three tranches.
For Tranche B, the contract includes a set of robust security packages, typical of this kind of operation on Urbanitae:
- First-ranking mortgage over both project plots, with mortgage liability of 150%.
- First-ranking pledge over the shares of the SPV.
- First-ranking pledge over the SPV’s bank accounts.
- Irrevocable power of sale in favor of investors for 75% of the appraisal value, activatable in case of default.
- Independent oversight via a project monitor, who validates construction certifications, tracks timelines, and authorizes monthly disbursements.
We explain the key points of the project in this video.
Why invest in Hills 14 II?
This second tranche offers several differentiating elements for debt investors:
- Project located in one of the prime areas of the Costa del Sol, with strong international demand for luxury housing.
- A unique, hard-to-compare asset combining an ultra-luxury residence with private sports facilities.
- Project already underway, with license granted and construction well advanced.
- Fixed return of 9.50% per year, with a minimum return equivalent to 15 months of interest.
- Continuity of an existing relationship on the platform, as this is the fifth project financed together with this developer.
- Marketing planned through a leading real estate agency in the area, once a higher level of construction progress is reached.
When will I get my invested money back?
The estimated term of Tranche B is 18 months, with a possible additional 9-month extension if needed. Investors’ exit is expected through the sale of the home, once construction is completed and the marketing process has concluded.
The estimated timeline anticipates construction completion between late 2026 and early 2027, with loan repayment following the sale of the asset.
Overall, Hills 14 II represents a fixed-return debt opportunity, backed by real collateral and an advanced-stage project, in one of the most exclusive enclaves in southern Europe.
