Invest in affordable housing in Zaragoza at 10% annual return

Urbanitae opens a new investment opportunity in Zaragoza with the second phase of Residencial Arquerías, a debt project offering a fixed return of 10% annually over a 12-month term. Funding will open on the platform on Friday, August 29 at 12:00 p.m. (UTC+2), with a total loan ticket of €1,000,000 in a single tranche.

174 affordable homes in Arcosur

Residencial Arquerías II represents the development of the second phase of a project already financed by Urbanitae in 2023, which encompasses a total of 174 homes. This phase involves the construction of 85 subsidized housing units (VPO) with three bedrooms, all including parking and storage, as well as a community swimming pool, landscaped areas, and 40 additional parking spaces for sale.

The development is located on Avenida Patio de los Naranjos, in Arcosur, Zaragoza’s main expansion district, where more than 3,000 homes have been built in the last decade and which currently accounts for over 80% of the city’s new-build permits. It is a consolidating area, just five minutes from the Plaza Imperial shopping center and ten minutes from downtown Zaragoza and the airport.

Second project with Coanfi

The developer of this project is Coanfi, a construction and real estate development company founded in 2004, with operations in Zaragoza, Valencia, Málaga, and Barcelona. With a team of more than 140 professionals—including in-house architecture and engineering—its activity spans residential development, corporate projects, premium housing, and technical facilities.

In the first phase of Residencial Arquerías, Coanfi successfully completed 89 homes, which have already been delivered to buyers. Consequently, it repaid Urbanitae investors with a final IRR of 10.3%, in line with forecasts. Now, with Phase II, the developer continues to consolidate the neighborhood with a project that already has a building permit granted, a development loan signed with a top-tier financial institution, and 60% of construction completed.

A highly advanced commercial project

Phase II shows a strong level of presales: 81 of the 85 homes (95%) have already been sold under purchase agreements. Of the 40 parking spaces available, 32 have already been sold (80%). This high degree of commercialization provides security and reduces risks.

Urbanitae investors’ contribution will be used to recapitalize the developer, allowing it to recover part of the invested capital and allocate it to new real estate projects.

The loan repayment to Urbanitae investors will be made through the sale of the homes in the development.

Structure and guarantees

The operation is structured as a fixed-rate loan under the following key conditions:

• Total loan amount: €1,000,000 in a single tranche.
• Loan term: 12 months, with full repayment (principal and interest) at maturity.
• Minimum return: 9 months of guaranteed interest.
• Additional guarantee: in case of default, the loan may be converted into equity for the principal plus interest plus 10%.

In this video, we explain the key aspects of the operation.