{"id":83059,"date":"2026-03-11T20:00:00","date_gmt":"2026-03-11T19:00:00","guid":{"rendered":"https:\/\/blog.urbanitae.com\/?p=83059"},"modified":"2026-03-11T23:21:20","modified_gmt":"2026-03-11T22:21:20","slug":"new-project-invest-in-barajas-with-a-9-875-annual-return","status":"publish","type":"post","link":"https:\/\/blog.urbanitae.com\/en\/2026\/03\/11\/new-project-invest-in-barajas-with-a-9-875-annual-return\/","title":{"rendered":"New project! Invest in Barajas with a 9.875% annual return"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"83059\" class=\"elementor elementor-83059 elementor-83053\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6591648b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6591648b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7fc99e18\" data-id=\"7fc99e18\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-689ad4c1 elementor-widget elementor-widget-text-editor\" data-id=\"689ad4c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><\/p>\n<p>Next <strong>Monday, March 16 at 4:00 p.m. (UTC+2)<\/strong>, we will open <strong>G\u00e9minis II<\/strong> for investment, the second financing tranche of a residential project located in the Barajas district of Madrid.<\/p>\n<p> <\/p>\n<p>This project continues the <a href=\"https:\/\/blog.urbanitae.com\/en\/2025\/09\/16\/new-project-invest-in-madrid-with-a-15-return\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0326&amp;utm_term=geminis&amp;utm_content=en_proyecto_geminis_ii\" target=\"_blank\" rel=\"noreferrer noopener\">G\u00e9minis<\/a> transaction, financed in September 2025 on Urbanitae. If you want to learn all the details of the project \u2014 location, developer, and overall development approach \u2014 you can watch the <strong>G\u00e9minis project <a href=\"https:\/\/youtu.be\/rTC5VDI1teg\" target=\"_blank\" rel=\"noreferrer noopener\">webinar<\/a><\/strong>, where we explain the transaction together with the project manager.<\/p>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">A 44-home residential development in Barajas<\/h2>\n<p> <\/p>\n<p>The <a href=\"https:\/\/urbanitae.com\/en\/project\/P000453\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0326&amp;utm_term=geminis_ii_1&amp;utm_content=en_proyecto_geminis_ii\" target=\"_blank\" rel=\"noreferrer noopener\">G\u00e9minis II<\/a> project involves the development of a residential scheme of <strong>44 homes with parking spaces and storage rooms<\/strong>.<\/p>\n<p> <\/p>\n<p>The building will be distributed across <strong>ground floor plus three above-ground floors and two basement levels<\/strong>, with a total gross buildable area of approximately <strong>3,415 sqm<\/strong>.<\/p>\n<p> <\/p>\n<p>The homes will offer <strong>1, 2, and 3 bedrooms<\/strong>, in an area with limited supply of new-build housing and solid residential demand.<\/p>\n<p> <\/p>\n<p>The asset is located <strong>less than 300 meters from the metro<\/strong>, providing direct access to central <a href=\"https:\/\/blog.urbanitae.com\/2025\/12\/22\/madrid-uno-de-los-destinos-mas-atractivos-para-la-inversion-inmobiliaria\/\" target=\"_blank\" rel=\"noreferrer noopener\">Madrid<\/a> and Adolfo Su\u00e1rez Madrid-Barajas Airport.<\/p>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">Just 20 minutes from central Madrid<\/h2>\n<p> <\/p>\n<p>The project is located in the Barajas district, in the northeast of Madrid.<\/p>\n<p> <\/p>\n<p>With a population of close to <strong>50,000 inhabitants<\/strong>, the district combines established residential neighborhoods with large green areas and a strong public transport network.<\/p>\n<p> <\/p>\n<p>Its immediate proximity to <strong>Adolfo Su\u00e1rez Madrid-Barajas Airport<\/strong> and major road infrastructure makes it a strategic area within the city\u2019s urban and economic structure.<\/p>\n<p> <\/p>\n<p>In addition, the district is around <strong>12 kilometers from <a href=\"https:\/\/observatorioinmobiliario.es\/noticias\/inversion-inmobiliaria\/madrid-concentra-en-febrero-un-tercio-de-la-inversi%C3%B3n-en-activos-terciarios-en-espa%C3%B1a\/\" target=\"_blank\" rel=\"noreferrer noopener\">Madrid city center<\/a><\/strong>, allowing access to the center in approximately 20 minutes by car or less than 30 minutes by public transport.<\/p>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">A technical particularity that has already been resolved<\/h2>\n<p> <\/p>\n<p>The plot has one distinctive feature: <strong>Madrid Metro Line 8 runs underneath the site<\/strong>.<\/p>\n<p> <\/p>\n<p><a href=\"https:\/\/urbanitae.com\/en\/project\/P000453\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0326&amp;utm_term=the_project&amp;utm_content=en_proyecto_geminis_ii\" target=\"_blank\" rel=\"noreferrer noopener\">The project<\/a> has been designed taking this circumstance into account and has been developed with the support of specialized engineering and architecture teams, as well as in coordination with the City Council and Metro de Madrid.<\/p>\n<p> <\/p>\n<p>Among the factors that mitigate this issue are the following:<\/p>\n<p> <\/p>\n<ul class=\"wp-block-list\">\n<li>The metro line is located <strong>12 meters below ground level<\/strong>.<\/li>\n \n<li>It will remain <strong>6 meters below the building\u2019s -2 basement floor<\/strong>.<\/li>\n \n<li>The soil conditions are favorable from a geotechnical point of view.<\/li>\n<\/ul>\n<p> <\/p>\n<ul class=\"wp-block-list\">\n<li>Line 8 is one of the most modern lines in the network, and its route beneath Barajas was designed with future surface urban developments in mind.<\/li>\n<\/ul>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">A developer with more than 25 years of experience<\/h2>\n<p> <\/p>\n<p>The project manager behind the transaction is <strong>Behike Capital<\/strong>, a developer specialized in new-build multifamily housing.<\/p>\n<p> <\/p>\n<p>With <strong>more than 25 years of experience<\/strong>, the team has developed and delivered <strong>more than 1,500 homes<\/strong>.<\/p>\n<p> <\/p>\n<p>It currently has <strong>six projects under development<\/strong> totaling more than 250 homes in cities such as Madrid, Mallorca, Bilbao, and Granada.<\/p>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">9.875% return over 12 months<\/h2>\n<p> <\/p>\n<p>The project\u2019s total financing is structured as a <strong>mortgage-backed loan divided into two tranches<\/strong>.<\/p>\n<p> <\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Total loan amount<\/strong>: up to \u20ac3,435,000<\/li>\n \n<li><strong>Tranche A<\/strong>: \u20ac2,110,000 (formalized in September 2025)<\/li>\n \n<li><strong>Tranche B<\/strong>: \u20ac1,325,000 (the subject of this new investment opportunity)<\/li>\n<\/ul>\n<p> <\/p>\n<p><strong>Tranche B<\/strong> has the following terms:<\/p>\n<p> <\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Interest rate<\/strong>: 9.875% simple annual interest<\/li>\n \n<li><strong>Term<\/strong>: 12 months<\/li>\n \n<li><strong>Possible extension<\/strong>: 6 additional months<\/li>\n \n<li><strong>Minimum interest<\/strong>: equivalent to 6 months<\/li>\n \n<li>Interest and principal will be repaid at maturity.<\/li>\n<\/ul>\n<p> <\/p>\n<p>The loan is secured by a <strong>first-rank mortgage over the project\u2019s underlying asset<\/strong>.<\/p>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">What Tranche B will be used for<\/h2>\n<p> <\/p>\n<p>The land acquisition was structured in <strong>two payments equivalent to 50% of the purchase price each<\/strong>.<\/p>\n<p> <\/p>\n<ul class=\"wp-block-list\">\n<li>The <strong>first payment<\/strong> was made in September 2025, partially financed through Tranche A.<\/li>\n<\/ul>\n<p> <\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Tranche B<\/strong> will finance approximately <strong>53% of the deferred payment for the land acquisition<\/strong>, as well as part of the associated acquisition costs.<\/li>\n<\/ul>\n<p> <\/p>\n<p>The developer has already invested <strong>approximately \u20ac2.5 million of equity<\/strong> into the project.<\/p>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">Exit strategy<\/h2>\n<p> <\/p>\n<p>The repayment of the loan is expected to come through <strong>bank refinancing<\/strong>.<\/p>\n<p> <\/p>\n<p>Once the building permit has been obtained and the pre-sales level required by the financing bank has been reached, the developer loan will be granted, allowing Urbanitae\u2019s loan to be refinanced.<\/p>\n<p> <\/p>\n<p>The building permit was applied for in <strong>December 2025<\/strong> through an ECU (<strong>Urban Planning Collaborating Entity<\/strong>), and it is expected to be obtained between <strong>Q2 and Q3 2026<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b086477 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b086477\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ff97019\" data-id=\"ff97019\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2d804d1 elementor-widget elementor-widget-video\" data-id=\"2d804d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/AJcq9q93zlU&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-920db55 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"920db55\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e5ba79\" data-id=\"4e5ba79\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5b368a8 elementor-widget elementor-widget-text-editor\" data-id=\"5b368a8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 class=\"wp-block-heading\">Why invest in G\u00e9minis II<\/h2>\n<p> <\/p>\n<p>These are some of the project\u2019s main strengths:<\/p>\n<p> <\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Residential development in Madrid<\/strong>, in an area with limited new-build supply.<\/li>\n \n<li><strong>Highly experienced developer<\/strong> with a strong track record in the Spanish residential market.<\/li>\n \n<li><strong>First-rank mortgage<\/strong> over the underlying asset.<\/li>\n \n<li><strong>Approximate LTV of 49.3%<\/strong>, with an appraisal value close to twice the loan amount.<\/li>\n \n<li><strong>Fixed annual return of 9.875%<\/strong>.<\/li>\n<\/ul>\n<p> <\/p>\n<p>Remember that <strong><a href=\"https:\/\/urbanitae.com\/en\/project\/P000453\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0326&amp;utm_term=geminis_ii_2&amp;utm_content=en_proyecto_geminis_ii\" target=\"_blank\" rel=\"noreferrer noopener\">G\u00e9minis II<\/a> opens for investment on Monday, March 16 at 4:00 p.m. (UTC+2)<\/strong>.<\/p>\n<p> <\/p>\n<p>If you have any questions, you can email us at <strong><a href=\"contacto@urbanitae.com\" target=\"_blank\" rel=\"noreferrer noopener\">contacto@urbanitae.com<\/a><\/strong> or call us on <strong>(+34) 911 23 25 22<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The transaction, managed by Behike Capital, is backed by a 44-home residential development in Barajas and includes a first-rank mortgage over the underlying asset.<\/p>\n","protected":false},"author":1,"featured_media":83118,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1076,926],"tags":[2104,895],"class_list":["post-83059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt","category-projects","tag-inversion-inmobiliaria","tag-urbanitae-en"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New project! Invest in Barajas with a 9.875% annual return<\/title>\n<meta name=\"description\" content=\"Invest in Barajas with a 9.875% annual return through G\u00e9minis II, a 44-home residential project in Madrid with first-rank mortgage security.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.urbanitae.com\/en\/2026\/03\/11\/new-project-invest-in-barajas-with-a-9-875-annual-return\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"G\u00e9minis II: a new real estate investment opportunity in Barajas\" \/>\n<meta property=\"og:description\" content=\"Invest in Barajas with a 9.875% annual return through G\u00e9minis II, a 44-home residential project in Madrid with first-rank mortgage security.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.urbanitae.com\/en\/2026\/03\/11\/new-project-invest-in-barajas-with-a-9-875-annual-return\/\" \/>\n<meta property=\"og:site_name\" content=\"Urbanitae Blog | The best real estate investment news\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/urbanitae\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-11T19:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-11T22:21:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.urbanitae.com\/wp-content\/uploads\/2026\/03\/Destacada-blog-2026-03-11T182432.515.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"735\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Equipo Urbanitae\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@urbanitae\" \/>\n<meta name=\"twitter:site\" content=\"@urbanitae\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Equipo Urbanitae\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":[\"Article\",\"BlogPosting\"],\"@id\":\"https:\\\/\\\/blog.urbanitae.com\\\/en\\\/2026\\\/03\\\/11\\\/new-project-invest-in-barajas-with-a-9-875-annual-return\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blog.urbanitae.com\\\/en\\\/2026\\\/03\\\/11\\\/new-project-invest-in-barajas-with-a-9-875-annual-return\\\/\"},\"author\":{\"name\":\"Equipo Urbanitae\",\"@id\":\"https:\\\/\\\/blog.urbanitae.com\\\/en\\\/#\\\/schema\\\/person\\\/e7b2d152f5654066832c53f5aa04fbf7\"},\"headline\":\"New project! 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