{"id":50405,"date":"2024-09-28T08:45:00","date_gmt":"2024-09-28T06:45:00","guid":{"rendered":"https:\/\/blog.urbanitae.com\/?p=50405"},"modified":"2024-09-27T13:15:32","modified_gmt":"2024-09-27T11:15:32","slug":"urbanitae-doubles-its-funding-in-the-third-quarter","status":"publish","type":"post","link":"https:\/\/blog.urbanitae.com\/en\/2024\/09\/28\/urbanitae-doubles-its-funding-in-the-third-quarter\/","title":{"rendered":"Urbanitae doubles its funding in the third quarter"},"content":{"rendered":"\n<p>As September comes to a close, we reflect on our performance at Urbanitae. Although we have one ongoing funding <a href=\"https:\/\/urbanitae.com\/en\/project\/P000317?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0924&amp;utm_term=project&amp;utm_content=en_urbanitae_resumen_septiembre\">project<\/a>\u2014and <a href=\"https:\/\/urbanitae.com\/en\/project\/P000315?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0924&amp;utm_term=another&amp;utm_content=en_urbanitae_resumen_septiembre\">another<\/a> announced\u2014we can confidently say this has been our best September to date.<\/p>\n\n\n\n<p>Without counting Salvia II Tramo II, Urbanitae&#8217;s funding in September has reached \u20ac13.9 million. This figure represents a 200% increase compared to the same month in 2023. September is typically not a particularly strong month for us, but the good news is that our performance in the previous two months has significantly boosted our quarterly figures. <strong>Between July and September, we financed \u20ac44.7 million,<\/strong> more than double what we raised in the third quarter of last year.<\/p>\n\n\n\n<p>By the end of September, we will have opened six projects for funding at Urbanitae: three in capital gains, two in debt, and one in rentals\u2014where you can invest on Monday the 30th. As for the activity segments, there are few updates: we have focused on new residential developments, except for the rental project in Palma, which is a commercial space. This month, we have already recorded <strong>over 4,400 investments.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">M\u00e1laga takes center stage in September<\/h2>\n\n\n\n<p>Two of our funded projects in September are located in the province of M\u00e1laga: one in the capital and another in Marbella. Various media outlets reported on the funding of the Bulevar 360 project, in collaboration with <a href=\"https:\/\/www.ejeprime.com\/residencial\/nuovit-homes-y-urbanitae-obtienen-225-millones-para-un-proyecto-residencial-en-malaga\" target=\"_blank\" rel=\"noreferrer noopener\">Nuovit<\/a>. In September, we completed the second tranche of this loan aimed at developing 165 homes in M\u00e1laga. With this project, we also achieved the milestone of <strong>putting over 4,000 homes in the pipeline in Spain and Portugal.<\/strong><\/p>\n\n\n\n<p>The <a href=\"https:\/\/urbanitae.com\/en\/project\/P000317?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0924&amp;utm_term=salvia_ii&amp;utm_content=en_urbanitae_resumen_septiembre\" target=\"_blank\" rel=\"noreferrer noopener\">Salvia II<\/a> project, which is still open for investment, involves the development of the second phase of Salvia: a promotion of 98 homes in Marbella, in partnership with one of the most reputable developers in Andalusia, Grupo ABU. With this, we have now financed over thirty projects in the province of M\u00e1laga, making it one of our most active locations in Spain.<\/p>\n\n\n\n<p>In September, we repeated our collaboration with Nuovit and Grupo ABU, but we also partnered with Quadratia, which is developing an entire sector\u2014Allonbay\u2014in Villajoyosa (Alicante) in collaboration with us. Allonbay Urban is the fourth project we have financed on the platform with this developer. Additionally, we welcomed Grupo Laseca to our roster of developers, which debuted with a prime housing project in the El Plant\u00edo area of Madrid.<\/p>\n\n\n\n<p>On another note, in September, we completed the financing of Torre Zenit in Burgos, thanks to the participation of 1,925 investors, setting a new record.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Three returns<\/h2>\n\n\n\n<p>In September, we also closed the return of three projects. The first was <a href=\"https:\/\/urbanitae.com\/en\/project\/P000124?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0924&amp;utm_term=oblit_66&amp;utm_content=en_urbanitae_resumen_septiembre\" target=\"_blank\" rel=\"noreferrer noopener\">Oblit 66<\/a>, a residential project of nine homes in Barcelona, managed by Panonia Consulting Group. This project ultimately closed with an IRR of 7.3%, compared to a forecast of 13%. This performance is mainly due to delays in certain aspects of the construction and in the completion of the last homes. Additionally, the project&#8217;s margin was impacted by increased costs of construction materials throughout 2022. Nevertheless, investors achieved a total return of 22%, three points below expectations.<\/p>\n\n\n\n<p>We also returned the investment from <a href=\"https:\/\/blog.urbanitae.com\/en\/2023\/10\/25\/invest-in-madrid-with-a-13-return\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0924&amp;utm_term=islas_medas&amp;utm_content=en_urbanitae_resumen_septiembre\" target=\"_blank\" rel=\"noreferrer noopener\">Islas Medas<\/a> with Gestilar, less than a year after funding it on the platform. In this case, the project involved the development of 46 homes in the Ensanche de Vallecas (Madrid). The project reached Urbanitae with 60% of the construction completed and 20% of reservations, allowing for a short timeframe. Capital was returned to over 1,000 investors who participated, two months ahead of schedule, with a return in line with expectations\u201413%\u2014and an IRR of 19.3%.<\/p>\n\n\n\n<p>We take this opportunity to remind everyone that for all debt projects, such as Islas Medas, <strong>the IRR is calculated from the date of the loan agreement.<\/strong> We use this criterion because the signing of the contract marks the moment when the money is put at risk, as well as the start of interest accrual. Therefore, in Islas Medas\u2014given the short initial term\u2014the final IRR for investors exceeded expectations by six points.<\/p>\n\n\n\n<p>Finally, we returned a new storage project with Grupanxon. There were few surprises, as is customary in these cases. <a href=\"https:\/\/urbanitae.com\/en\/project\/P000198?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0924&amp;utm_term=puerta_del_angel&amp;utm_content=en_urbanitae_resumen_septiembre\" target=\"_blank\" rel=\"noreferrer noopener\">Puerta del \u00c1ngel<\/a> was completed on time and within budget, generating a <strong>total return of 12.8% over 18 months<\/strong> for 1,700 investors.<\/p>\n\n\n\n<p>September has thus been a good month for Urbanitae\u2014and it&#8217;s not over yet. You can still invest with us this month, and we will soon announce new projects. Will you join us?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We have financed six projects in September, along with the closure of Torre Zenit, totaling nearly 45 million euros. We also returned three projects in the same month.<\/p>\n","protected":false},"author":1,"featured_media":50417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1027,1085],"tags":[2104,1963,879,895],"class_list":["post-50405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-investment-en","category-urbanitae-en","tag-inversion-inmobiliaria","tag-real-estate-crowdfunding","tag-real-estate-investment","tag-urbanitae-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Urbanitae doubles its funding in the third quarter - Urbanitae Blog<\/title>\n<meta name=\"description\" content=\"September has been a good financing month for Urbanitae. 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We share the highlights of the month and figures on returned projects. Read more.","breadcrumb":{"@id":"https:\/\/blog.urbanitae.com\/en\/2024\/09\/28\/urbanitae-doubles-its-funding-in-the-third-quarter\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blog.urbanitae.com\/en\/2024\/09\/28\/urbanitae-doubles-its-funding-in-the-third-quarter\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/blog.urbanitae.com\/en\/2024\/09\/28\/urbanitae-doubles-its-funding-in-the-third-quarter\/#primaryimage","url":"https:\/\/blog.urbanitae.com\/wp-content\/uploads\/2024\/09\/urbanitae-financiacion-resumen-mes-septiembre.webp","contentUrl":"https:\/\/blog.urbanitae.com\/wp-content\/uploads\/2024\/09\/urbanitae-financiacion-resumen-mes-septiembre.webp","width":1400,"height":735,"caption":"Urbanitae duplica su financiaci\u00f3n en el tercer trimestre. Urbanitae doubles its funding in the third quarter. Urbanitae double son financement au troisi\u00e8me trimestre. Urbanitae duplica o seu financiamento no terceiro trimestre. Urbanitae raddoppia il suo finanziamento nel terzo trimestre. Urbanitae verdoppelt seine Finanzierung im dritten Quartal."},{"@type":"BreadcrumbList","@id":"https:\/\/blog.urbanitae.com\/en\/2024\/09\/28\/urbanitae-doubles-its-funding-in-the-third-quarter\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/blog.urbanitae.com\/en\/"},{"@type":"ListItem","position":2,"name":"Urbanitae doubles its funding in the third quarter"}]},{"@type":"WebSite","@id":"https:\/\/blog.urbanitae.com\/en\/#website","url":"https:\/\/blog.urbanitae.com\/en\/","name":"Urbanitae Blog | Las mejores noticias sobre inversi\u00f3n inmobiliaria","description":"Real estate investment for everyone","publisher":{"@id":"https:\/\/blog.urbanitae.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blog.urbanitae.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/blog.urbanitae.com\/en\/#organization","name":"Urbanitae","url":"https:\/\/blog.urbanitae.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/blog.urbanitae.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/blog.urbanitae.com\/wp-content\/uploads\/2020\/04\/logo-verde_350x100.svg","contentUrl":"https:\/\/blog.urbanitae.com\/wp-content\/uploads\/2020\/04\/logo-verde_350x100.svg","width":350,"height":100,"caption":"Urbanitae"},"image":{"@id":"https:\/\/blog.urbanitae.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/urbanitae","https:\/\/x.com\/urbanitae","https:\/\/www.instagram.com\/urbanitae","https:\/\/www.linkedin.com\/company\/urbanitae","https:\/\/www.pinterest.es\/UrbanitaeSL\/_created\/","https:\/\/www.youtube.com\/c\/Urbanitae_RE"]},{"@type":"Person","@id":"https:\/\/blog.urbanitae.com\/en\/#\/schema\/person\/e7b2d152f5654066832c53f5aa04fbf7","name":"Equipo Urbanitae","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/609fc476d418cc335b448bbedc29eaff37167c473b42f9ca55d41a91a3f0a1df?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/609fc476d418cc335b448bbedc29eaff37167c473b42f9ca55d41a91a3f0a1df?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/609fc476d418cc335b448bbedc29eaff37167c473b42f9ca55d41a91a3f0a1df?s=96&d=mm&r=g","caption":"Equipo Urbanitae"},"sameAs":["https:\/\/urbanitae.com"],"url":"https:\/\/blog.urbanitae.com\/en\/author\/urbanitae\/"}]}},"modified_by":"Gonzalo Urdiales","_links":{"self":[{"href":"https:\/\/blog.urbanitae.com\/en\/wp-json\/wp\/v2\/posts\/50405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.urbanitae.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.urbanitae.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.urbanitae.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.urbanitae.com\/en\/wp-json\/wp\/v2\/comments?post=50405"}],"version-history":[{"count":3,"href":"https:\/\/blog.urbanitae.com\/en\/wp-json\/wp\/v2\/posts\/50405\/revisions"}],"predecessor-version":[{"id":50426,"href":"https:\/\/blog.urbanitae.com\/en\/wp-json\/wp\/v2\/posts\/50405\/revisions\/50426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.urbanitae.com\/en\/wp-json\/wp\/v2\/media\/50417"}],"wp:attachment":[{"href":"https:\/\/blog.urbanitae.com\/en\/wp-json\/wp\/v2\/media?parent=50405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.urbanitae.com\/en\/wp-json\/wp\/v2\/categories?post=50405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.urbanitae.com\/en\/wp-json\/wp\/v2\/tags?post=50405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}