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Next Monday, April 27 at 16:00 (UTC+2), we open investment in Villa Eneas, a new real estate debt opportunity in Casares, Málaga.
- 📅 Investment opening: Monday, April 27 at 16:00 (UTC+2)
- 🎙 Project webinar: Monday, April 27 at 12:00 (UTC+2)
In this webinar, we will explain all the details of the project and answer investors’ questions.
A luxury villa in Finca Cortesín
The project consists of granting a loan to finance the construction costs of a luxury villa in the Finca Cortesín development, in Casares, Málaga.
The planned property will be a detached single-family home with:
- 790 sqm built area
- 1,633 sqm plot
- 4 bedrooms
- 5 bathrooms
- Swimming pool
- Views of the sea and the Finca Cortesín golf course
The house will be developed across three levels and located within one of the most exclusive residential enclaves on the Costa del Sol.
One of the most exclusive locations in the Mediterranean
The asset is located just 4 minutes by car from the 5-star Finca Cortesín Hotel and golf course, within an internationally renowned luxury complex.
Casares, in the heart of the Costa del Sol, combines natural surroundings, privacy and proximity to established destinations such as Marbella and Sotogrande.
Its location within Finca Cortesín provides several key advantages:
- exclusivity
- security
- top-tier services
- strong appeal for high-net-worth international buyers
All of this positions the asset clearly within the premium residential segment.
Sponsor with over 30 years of experience
The project sponsor is Gazar Inversiones, a family-owned firm active since 2018 in real estate acquisition, construction, management and advisory.
Its founder and managing director has more than 30 years of experience in the sector through various development and construction companies, and has successfully delivered projects in the Casares area.
The company operates as a developer-contractor, enabling direct control over both execution and costs. The team also has specific experience on the Costa del Sol, where it has delivered a development of 146 luxury apartments, among other projects.
Land already owned and building permit in place
One of the project’s strengths is that the land was acquired in October 2020 using the sponsor’s own funds.
It is a 1,633 sqm plot that already has a valid building permit, allowing construction to begin without reliance on additional major planning approvals.
The sponsor is also committing approximately €1.47 million in equity, reinforcing alignment of interests.
Transaction structure
The investment is structured as a fixed-rate mortgage loan. The total loan amount is up to €2,965,000, divided into three tranches:
- Tranche A: up to €960,000
- Tranche B: up to €870,000
- Tranche C: up to €1,135,000
At this stage, Tranche A is being offered, with the following characteristics:
- Interest rate: 11.0% simple annual interest
- Term: 24 months
- Possible extension: 12 months at month 24
- Interest and principal payment: at maturity
The portion of the loan allocated to construction will be drawn down through monthly certifications, subject to approval by the project monitor.
Early repayment will be allowed at any time, with a minimum return equivalent to 15 months of interest for Tranche A.
Loan security
The project includes a typical security package for this type of real estate debt transaction:
- First-ranking mortgage over the property, with 150% mortgage liability
- Pledge over the shares of the borrower SPV
- Pledge over the bank accounts of the SPV
- Sales mandate in favour of Urbanitae investors, enforceable at maturity or in case of default
In addition, as in all debt projects, a project monitor will oversee certifications, construction progress, potential cost or timing deviations and approve monthly drawdowns.
Exit strategy
The exit for investors is expected through the sale of the completed villa.
Marketing will rely primarily on the direct sales channels of the Finca Cortesín Hotel, the main commercial reference for luxury residential assets in the area. This sales office provides direct access to an international client base well aligned with the product.
Why invest in Villa Eneas
Key strengths of the project include:
- Prime location within Finca Cortesín, one of the most exclusive residential enclaves on the Costa del Sol
- First-ranking mortgage over the asset
- Building permit in place and land already acquired with sponsor equity
- Experienced developer-contractor with a track record in the area
- Fixed return of 11% annually
- Minimum return equivalent to 15 months of interest
Estimated timeline
The estimated project duration is 24 months, with a possible extension.
Main milestones:
- May 2026: loan granted to finance construction and general costs
- Q3 2027: completion of construction
- Q2–Q3 2028: sale of the villa and repayment of the Urbanitae loan
A luxury project on the Costa del Sol
Villa Eneas combines several elements that make it particularly attractive within the real estate debt segment: an exceptional location, a clearly luxury-oriented asset, an existing building permit, land already acquired and a sponsor with direct experience in the local market.
In an environment such as Finca Cortesín—where brand, location and product quality are key drivers—the project offers exposure to one of the most exclusive niches in the Costa del Sol residential market.
Do you have any questions? Contact us at contacto@urbanitae.com or by phone at (+34) 911 23 25 22. You can also ask your questions during the webinar on Monday, April 27.
Remember: Villa Eneas opens for investment on Monday, April 27 at 16:00 (UTC+2).
