Invest in Sabadell with an 11% IRR

Next Thursday the 26th at 16:00 (UTC+1) we’re opening a new debt project for investment in Sabadell (Barcelona). It’s financing for the development of a residential project of 18 homes in one of the main cities in the Barcelona metropolitan area.

• Investment opens: Thursday the 26th at 16:00 (UTC+1)
• Webinar with the developer: Wednesday the 25th at 10:00

In this webinar you’ll be able to learn all the details of the project and ask your questions directly to the people responsible for it.

A residential project in an established city

The project consists of granting a mortgage-backed loan to partially finance construction costs and general expenses for a multi-family residential development at Miquel Àngel 20, Sabadell.

The asset is an 844 m² urban plot where a building will be developed with:

• 18 homes with 1, 2, and 3 bedrooms
• 19 storage rooms
• 20 parking spaces
• 4 floors above ground and 1 basement level
• Shared landscaped garden area on the ground floor

The project already has a construction and demolition permit granted in July 2025, which makes it possible to start works once the purchase and financing are formalized.

The land will be acquired through a swap deal (permuta) the developer will deliver 4 homes, 4 storage rooms, and 4 parking spaces to the seller in exchange for the land. The Urbanitae loan will have a first-ranking mortgage over the units not included in the swap.

Sabadell, with more than 225,000 inhabitants, is one of Catalonia’s main urban hubs and has maintained steady population growth, driven in part by its proximity to Barcelona and strong connections to the metropolitan area. The development is located less than 2 km from the city center and about 40 minutes by car from Barcelona.

22% return in 24 months

The transaction is structured as fixed-rate debt. The total loan amount is up to €2,435,000, split into two tranches. In this opening, tranche A will be financed:

• Tranche A amount: €1,105,000
• Fixed annual simple interest rate: 11.0%
• Term: 24 months
• Possible extension: 6 additional months
• Minimum guaranteed interest: equivalent to 18 months
• Interest and principal payment: at maturity

Full early repayment is allowed at any time, with a minimum of 18 months of interest.

Loan guarantees

The project includes a reinforced security package:

• First-ranking mortgage over the underlying asset (excluding the swapped units), with mortgage liability equal to 150% of principal
• First-ranking pledge over the borrower’s shares
• Control pledge over bank accounts, including an escrow account where the developer will deposit additional equity funds from the start
• 100% cash sweep of proceeds from the sale of the units not swapped

The expected repayment event is the sale of approximately the first 8 homes, whose marketing will begin after construction starts.

Estimated timeline

• March 2026: loan granted, asset purchase, and demolition begins
• 2027: construction completion
• Q1 2028: home delivery and loan repayment

The estimated term is 24 months, with a possible 6-month extension.