New project! 9.75% annual return on a turnkey aparthotel in Valencia

We present San Jacinto, a new real estate debt project that allows us to take part in the full transformation of an urban building into a 27-unit aparthotel, located in the heart of Valencia’s Extramurs district. This is a debt operation offering a fixed annual return of 9.75%, an estimated 12-month term, and an exceptionally strong security package backed by a signed turnkey purchase agreement with an international hospitality operator.

The informational webinar will take place on Friday 21 at 12:00 (UTC+1) together with Alerce Real Estate, the manager of the project. Funding will open on Monday 24 at 16:00 (UTC+1).

Licenses secured and final buyer guaranteed

The financed asset is a building located at San Jacinto 22, in the La Petxina neighborhood. It is already acquired by the developer, completely free of encumbrances, and holds all the necessary permits and licenses to start construction. Partial demolition works have also been completed, meaning renovation will begin in the coming weeks.

San Jacinto has been sold in advance to an international operator specialized in tourist accommodation. The sale has been structured as a turnkey agreement, divided into five deferred payments that will be released as construction progresses and specific technical milestones are met. The first payment, representing 40% of the total price, has already been made by the buyer and is being held in a bank-guaranteed escrow account.

Our loan will provide liquidity for the developer to continue construction while preserving all contractual guarantees.

9.75% return in 12 months

Urbanitae investors will participate through the granting of a fixed-rate loan of up to €3,470,000, structured as a single tranche. The loan has an initial duration of 12 months, with the option to extend by an additional six months. Interest will be paid in full at maturity, and a minimum return equivalent to five months of interest is guaranteed even in the event of early repayment.

Security package

The loan is backed by:

• First-rank mortgage over the asset’s land registry plot.
• First-rank pledge over future cash flows linked to the turnkey contract.
• First-rank pledge over the corporate guarantee provided by the buyer’s parent company.
• First-rank pledge over the bank guarantee held in the escrow account securing the first payment.

These guarantees provide high visibility and security on repayment, making both development and commercial risk virtually nonexistent: the asset has full permits, and the final buyer is already secured.

Experienced institutional manager and strategic location

The San Jacinto project is led by Alerce Real Estate Partners, an independent firm with €62 million GAV and a senior team experienced across the entire real estate lifecycle. The company has over €70 million in development projects and a strong track record in the hospitality segment, working with leading European operators.

La Petxina is one of Valencia’s most central and complete areas. It belongs to the Extramurs district, known for its blend of modernist buildings, renovated urban spaces, cultural amenities, and excellent connectivity via metro, bus, and bicycle lanes. The building is also just a few meters from the Turia Garden, one of the city’s main green corridors, and is surrounded by shops, schools, restaurants, and urban services—an ideal environment for the planned hotel activity.

This strategic location, combined with the fact that the asset has already been sold to an international operator, provides exceptional stability and liquidity for a debt project of this nature.