New Project! 11% Annual Debt to Finance Residential Land in Vigo

Next Monday the 9th at 16:00 (UTC+1), we are opening a new real estate debt project for investment in the Bouzas neighborhood of Vigo.

This financing is intended for the acquisition of land for the development of a residential scheme and a coliving project in one of the city’s most attractive areas.

• Investment opening: Monday the 9th at 16:00 (UTC+1)
• Project webinar: Monday the 9th at 12:00 (UTC+1)

In this webinar, we will explain the transaction in detail together with the developer and answer all investors’ questions.

12-Month Loan

The project consists of granting a loan aimed at partially financing the acquisition of two urban plots in the Bouzas neighborhood.

The planned development on these plots includes:

• 13 multi-family homes with 1 and 2 bedrooms
• Associated garages and storage units
• A coliving building to be developed in a second phase

The plots are part of an urban planning action located in Block No. 6 of the Special Protection and Interior Reform Plan (PEPRI) of Bouzas’s historic center.

The urban planning area includes the construction of five buildings that will collectively house 27 homes and one tertiary-use building, as well as public open spaces that will function as a square and pedestrian area.

Urbanization works have already been completed and formally accepted by the city council, so the entire area qualifies as fully serviced urban land.

One of Vigo’s Most Distinctive Neighborhoods

Bouzas is a coastal neighborhood located west of Vigo, traditionally linked to maritime activity and with a historic center that has undergone a gradual rehabilitation process.

The area combines seafaring tradition with growing residential appeal, thanks to its proximity to the city center and its urban quality.

Vigo is Galicia’s main economic engine and accounts for more than 25% of the region’s business turnover. With more than 290,000 inhabitants, its residential market maintains solid demand driven by both local professionals and young families.

In recent years, residential prices in the city have shown positive momentum, with annual increases of between 8% and 13%.

Manager with More Than 20 Years of Experience

The project is managed by Ledicia Real Estate, a Galician real estate group founded by professionals with more than 20 years of experience in the real estate and financial sectors.

The company operates across different areas of the real estate business—management, investment, development, commercialization, and asset operation—and has specialized in full building refurbishments, change-of-use projects, and land development in Galicia, especially in the city of Vigo.

The Bouzas project will be the third project financed on Urbanitae with this manager, following previous transactions in Galicia.

11% Return in 12 Months

The investment is structured through a fixed-rate loan with the following features:

• Loan amount: €955,000
• Interest rate: 11% simple annual interest
• Estimated total return: 11%
• Term: 12 months
• Possible extension: 6 additional months

Interest and principal will be paid at loan maturity, accruing from the moment the contract is formalized.

Early repayment will be allowed at any time, with a minimum return equivalent to 6 months of interest (5.5% interest).

The loan includes a set of guarantees designed to strengthen the security of the transaction:

• First-ranking mortgage over the residential land (“Sólido 1”).
• Pledge over the shares of the borrowing company.
• Pledge over the bank accounts of the project SPV.
• Pledge over the VAT account, with a cash sweep mechanism.
• Pledge over credit rights derived from dividends from other group developments until full debt repayment is covered.

Exit Strategy

The planned exit strategy for investors is bank refinancing.

Once the building permit is obtained and the level of presales required by the bank is reached, a financial institution will grant the developer loan that will allow the refinancing of the debt contributed by Urbanitae investors.

Return in 12 Months

The estimated term of this transaction is 12 months, with a possible 6-month extension.

• March 2026. Loan grant and acquisition of the plots.
• Second quarter of 2026. License applications and start of commercialization.
• First quarter of 2027. Building permit obtained and minimum presales level required by the bank reached.
• First quarter of 2027. Developer loan granted and repayment to investors.

Why Invest in Bouzas

These are some of the project’s main strengths:

• Prime location in the Bouzas neighborhood, Vigo, with solid residential demand and limited supply of new-build homes.
• Experienced local developer, specialized in real estate projects in Galicia and with deep market knowledge.
• Project with commercial potential, supported by existing housing demand in the city.
• First-ranking mortgage guarantee over the residential land.
• Fixed annual return of 11% for investors.

If you want to know all the details of the project, you can join the webinar on Monday the 9th at 12:00 (UTC+1).

And remember: the Bouzas project opens for investment on Monday the 9th at 16:00 (UTC+1).

If you have any questions, you can write to us at contacto@urbanitae.com or call us at (+34) 911 23 25 22.