Next Tuesday, March 24 at 4:00 p.m. (UTC+1), we will open for investment Villafontana, a real estate debt investment opportunity to finance the development of 132 storage units and 3 lofts in Madrid (Móstoles) and Albacete.
There will be no webinar on this occasion, as this is a type of project that is already well known on the platform and is being developed together with a sponsor Urbanitae has worked with on numerous occasions.
The transaction consists of granting a loan to finance the acquisition of two commercial premises and their transformation into two separate developments:
76 storage units
3 lofts
Location: 19 Camino de Leganés Street
The project has a declaration of responsibility, which allows construction works to begin after acquisition of the premises.
56 storage units
Location: 500 metres from Abelardo Sánchez Park
In this case, the project has received a favourable urban planning viability report issued by the City Council.
The units will be marketed once construction has progressed, although the sponsor already has prior experience and identified demand in similar projects.
The sponsor of the Villafontana project is a company linked to Grupanxon, a business holding with more than 20 years of experience and its own construction company.
This is a regular sponsor on Urbanitae, with whom multiple transactions have already been financed, including Madrid Sur, Puerta del Ángel and Palos de la Frontera.
Moreover, a large share of these projects has already been successfully repaid to investors, in many cases improving on the initially expected return.
Since 2017, the group has developed a specific business line focused on storage units, garages and small residential units, a segment with strong demand in urban environments.
The investment is structured as a fixed-rate loan granted to a special purpose vehicle created for the project.
The main features are:
The loan may be repaid early at any time, with a minimum return equivalent to 15 months of interest.
The Villafontana project has a guarantee structure that includes:
The project strategy consists of:
The loan will be repaid through the sale of the units, without the need to sell all of the storage units in order to repay investors.
The estimated duration of the project is 18 months.
In this video, we explain the key aspects of the project.
These are some of the project’s main strengths:
Remember: Villafontana opens for investment on Tuesday, March 24 at 4:00 p.m. (UTC+1).
If you have any questions, you can email us at contacto@urbanitae.com or call us on (+34) 911 23 25 22.
diego.gallego@urbanitae.com