{"id":65140,"date":"2025-06-20T15:18:03","date_gmt":"2025-06-20T13:18:03","guid":{"rendered":"https:\/\/blog.urbanitae.com\/?p=65140"},"modified":"2025-06-24T16:06:37","modified_gmt":"2025-06-24T14:06:37","slug":"new-project-frontline-golf-investment-in-benalmadena","status":"publish","type":"post","link":"https:\/\/blog.urbanitae.com\/en\/2025\/06\/20\/new-project-frontline-golf-investment-in-benalmadena\/","title":{"rendered":"Frontline golf investment in Benalm\u00e1dena"},"content":{"rendered":"\t\t
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Urbanitae returns to the Costa del Sol<\/a> with a new real estate investment opportunity. This time, we present Green Village<\/strong>, a debt project with a mortgage guarantee in Benalm\u00e1dena (M\u00e1laga), aimed at financing part of the acquisition and related costs of a plot designated for protected housing (VPO). The project will open for funding on Tuesday, June 24 at 4:00 p.m. (UTC+2).<\/strong><\/p>\n

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Financing secured by a golf-front plot<\/h2>\n

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The Green Village<\/a> project consists of a \u20ac5,000,000 loan over a 24-month term<\/strong> (extendable by an additional 6 months) with a fixed annual interest rate of 12.5%<\/strong>, and a minimum return equivalent to 18 months of interest<\/strong>. The loan will be used to finance part of the acquisition cost of a 25,140 m\u00b2 plot with a buildable area of 29,217 m\u00b2, located on the front line of a golf course, as well as the associated costs needed to reach the milestones required for bank financing. Urbania will contribute the remaining capital from its own funds.<\/p>\n

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The main asset is a plot currently designated for hotel and sports (golf) use, which can be adapted for protected housing in accordance with Andalusian Law 13\/2005. As additional collateral, the project includes three plots located in Llinars del Vall\u00e8s (Barcelona), as well as a joint and several corporate guarantee from the promoter\u2019s parent company.<\/p>\n

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A solid project in a prime location<\/h2>\n

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The land securing the loan is located between the Torrequebrada and Bil Bil Golf courses, in a fully urbanized area with strong residential demand. The project plans to develop 344 protected homes (VPO)<\/strong>, along with their corresponding parking spaces and storage units. Sales are expected to be at regulated prices, with an estimated average sales price of \u20ac245,807 \u2014 significantly below comparable developments in Benalm\u00e1dena.<\/p>\n

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The town, located just 15 minutes from M\u00e1laga Airport, has experienced very positive demographic and economic growth over the past two decades. Its appeal as both a residential and tourist destination ensures strong demand for quality affordable housing<\/strong>.<\/p>\n

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The developer: Urbania<\/h2>\n

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Urbania is a developer, manager, and investor with more than \u20ac1.2 billion in projects delivered<\/strong> across Spain, Portugal, and Brazil. With a team of over 150 professionals, Urbania has extensive experience across all phases of the real estate process. This will be their second project funded on Urbanitae.<\/p>\n

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The company acquired the Green Village<\/a> plot through a competitive sales process organized by a major Spanish firm. Following the acquisition, the developer will submit a detailed development plan and apply for a building permit, a process estimated to take between 15 and 18 months. During this period, they must also reach the required number of pre-sales for the bank to grant a development loan that will refinance the Urbanitae loan and return funds to investors.<\/p>\n

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Loan terms and guarantees<\/h2>\n

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The loan will be structured as a single \u20ac5,000,000 tranche with the following terms:<\/p>\n

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