New project! Invest at 10% annual interest in tourist apartments in Porto

Next Friday at 12:00 p.m. (UTC+1), we will open for investment Torrinha Gardens, a new real estate debt investment opportunity in Porto.

📅 Investment opens: Friday at 12:00 p.m. (UTC+1)
🎙 Project webinar: Wednesday at 1:00 p.m. (UTC+1)

The management team will take part in the webinar to explain all the details of the project and answer investors’ questions.

A tourism project in central Porto

The project consists of granting a loan to partially finance the construction costs and general expenses of a development comprising:

• 27 tourist apartments
• 1 ground-floor commercial unit

The development is located on Rua da Torrinha, in a central and established area of Porto, very close to emblematic areas such as Cedofeita and Jardim da Cordoaria.

The project has a total built area of 3,197 sqm, with one- and two-bedroom units averaging approximately 85 sqm, all of them with a balcony and/or garden.

Construction already under way

One of the distinguishing features of Torrinha Gardens is that construction is already under way, having started in October 2025.

To date, the project has been financed through:

• The sponsor’s own equity
• Income from presales

In addition, the project already has a first-ranking bank loan in place, which will be drawn once 50% presales have been reached (14 units).

This will be precisely the event that enables the exit for Urbanitae investors, as the bank financing will be used to repay the loan.

One of Portugal’s most dynamic markets

Porto is the country’s second most important city and one of its main economic, cultural and tourist centres.

The asset is located in a prime area within the municipality:

• A few minutes from Porto’s Baixa
• Close to areas such as Cedofeita
• Excellent access to transport, services and universities

This is a consolidated urban environment with strong appeal both for residents and for the tourist market, which reinforces the project’s positioning.

Operation and asset management

The sponsor plans to develop the apartments with an approach focused on maximising profitability.

The asset will be operated by LovelyStay, one of Portugal’s leading companies in the management of short-, medium- and long-stay rentals.

The aim is to optimise the asset’s operation and its positioning in the market, also supported by a market study carried out by Savills validating the proposed sales prices.

Transaction structure

The investment is structured as a fixed-rate loan with a total amount of €2,000,000, divided into two tranches. The first one, Tranche A, is the subject of the Torrinha Gardens project:

• Amount: up to €1,000,000
• Interest rate: 10.0% simple annual interest
• Term: 12 months
• Possible extension: 6 additional months
• Minimum interest: equivalent to 8 months

Interest and principal will be paid at maturity.

The project’s total loan amounts to up to €2,000,000, structured in two tranches.

Loan security package

The project has a security structure that includes:

• Second-ranking mortgage over the asset
• Commitment that bank debt will not be drawn until Urbanitae has been repaid
• Pledge over the shares of the project company
• Irrevocable power of sale over the asset

This structure ensures that bank financing will not coexist with the Urbanitae loan on the asset.

Exit strategy in 12 months

The project exit is expected to take place through the drawdown of the bank loan already in place, once the required level of presales (50%) has been reached.

At that point, the bank financing will be used to fully repay Urbanitae investors.

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

• March 2026: loan disbursement and continuation of construction
• 2026–2027: progress in commercialisation
• First quarter of 2027: bank drawdown and repayment to investors

In this video, we explain the details of the project.