{"id":80963,"date":"2026-02-07T08:45:00","date_gmt":"2026-02-07T07:45:00","guid":{"rendered":"https:\/\/blog.urbanitae.com\/?p=80963"},"modified":"2026-02-06T16:38:23","modified_gmt":"2026-02-06T15:38:23","slug":"el-plantio-repaid-11-6-irr-and-12-1-return-closed-5-months-early-see-how-the-exit-happened-and-what-it-means-for-investors","status":"publish","type":"post","link":"https:\/\/blog.urbanitae.com\/en\/2026\/02\/07\/el-plantio-repaid-11-6-irr-and-12-1-return-closed-5-months-early-see-how-the-exit-happened-and-what-it-means-for-investors\/","title":{"rendered":"El Plant\u00edo: 11.6% IRR return, five months ahead of schedule"},"content":{"rendered":"\n

The El Plant\u00edo<\/strong> project is now part of Urbanitae\u2019s track record. The investment closed with a final return of 12.1%<\/strong> and an IRR of 11.6%<\/strong>, completing its cycle five months earlier than initially estimated<\/strong>, without needing to activate the contractual extension.<\/p>\n\n\n\n

This repayment, while slightly below the initially estimated CoC, reflects an orderly execution, solid time management, and an early exit that reduced the total risk assumed by investors.<\/p>\n\n\n\n

What was the El Plant\u00edo project?<\/h2>\n\n\n\n

El Plant\u00edo<\/a> was a debt project designed to finance the acquisition, demolition, and development of a residential project of six single-family homes<\/strong> in one of the most established residential areas in northwest Madrid<\/a>.<\/p>\n\n\n\n

The transaction was structured as a loan secured by a mortgage<\/strong>, with an estimated term of 21 months<\/strong>, intended to support the developer through the project\u2019s early stages: asset purchase, planning and permitting process, and obtaining the building permit\u2014an essential step for bringing in bank financing later on.<\/p>\n\n\n\n

From the outset, the project was built around a clear exit strategy<\/strong>: once the permit was obtained, the developer would be able to secure a bank development loan to repay Urbanitae\u2019s loan early<\/strong>, which is exactly what ultimately happened.<\/p>\n\n\n\n

Partial amortization in April 2025<\/h2>\n\n\n\n

After the financing was successfully completed and the loan agreement was signed in early October 2024<\/a>, the project progressed according to plan, with a strong focus on key urban-planning milestones.<\/p>\n\n\n\n

In the first months, demolition<\/strong> works were carried out, while the building permit process advanced in parallel through an urban-planning collaborating entity (ECU). Although this process faced some administrative delays, the project continued to move forward in an orderly way, with no material deviations from its initial approach.<\/p>\n\n\n\n

In April 2025, a partial loan amortization<\/strong> took place, linked to the sale of an asset serving as additional collateral. This allowed a significant portion of the investment to be repaid early and reduced overall risk exposure.<\/p>\n\n\n\n

The decisive milestone arrived in October 2025 with the granting of the building permit<\/strong>, which unlocked negotiations for the bank development loan. After several months of work with the financial institution, finalizing that financing made it possible to fully repay Urbanitae\u2019s loan in early February 2026<\/strong>, closing the project ahead of schedule.<\/p>\n\n\n\n

12.1% return in 16 months<\/h2>\n\n\n\n

El Plant\u00edo closed with the following final results:<\/p>\n\n\n\n