{"id":87355,"date":"2026-06-19T13:14:04","date_gmt":"2026-06-19T11:14:04","guid":{"rendered":"https:\/\/blog.urbanitae.com\/?p=87355"},"modified":"2026-06-19T13:33:45","modified_gmt":"2026-06-19T11:33:45","slug":"ronda-nord-10-annual-debt-for-a-residential-development-on-the-costa-brava","status":"publish","type":"post","link":"https:\/\/blog.urbanitae.com\/en\/2026\/06\/19\/ronda-nord-10-annual-debt-for-a-residential-development-on-the-costa-brava\/","title":{"rendered":"Ronda Nord: 10% Annual Debt for a Residential Development on the Costa Brava"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"87355\" class=\"elementor elementor-87355 elementor-87347\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-1601245b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1601245b\" 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-56fcd2af\" data-id=\"56fcd2af\" 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-58e9d7b6 elementor-widget elementor-widget-text-editor\" data-id=\"58e9d7b6\" 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>We are returning to the Costa Brava with <strong>Project Ronda Nord<\/strong>, a new real estate debt opportunity in <strong>Sant Feliu de Gu\u00edxols<\/strong>, Girona. The transaction consists of partially financing the construction costs and general costs of an ongoing residential development, comprising <strong>28 multifamily homes<\/strong> with parking spaces, a garden and a communal swimming pool.<\/p>\n<p> <\/p>\n<p>The project has a valid building permit and construction has already begun, with progress at <strong>25%<\/strong>. In addition, the loan will be secured by a first-ranking mortgage over the homes that make up the development.<\/p>\n<p> <\/p>\n<ul class=\"wp-block-list\">\n<li>\ud83d\udcc5 <strong>Investment opening:<\/strong> Tuesday, June 23, at 16:00 (UTC+2)<\/li>\n \n<li>\ud83c\udf99 <strong>Project <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_QRAqQ9pHTFatOauW2wldmw\" target=\"_blank\" rel=\"noreferrer noopener\">webinar<\/a>:<\/strong> Monday, June 22, at 12:00 noon (UTC+2)<\/li>\n<\/ul>\n<p> <\/p>\n<p>In this webinar, we will explain all the details of the project and answer investors\u2019 questions.<\/p>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">28 Homes in Sant Feliu de Gu\u00edxols<\/h2>\n<p> <\/p>\n<p>The <a id=\"https:\/\/urbanitae.com\/en\/project\/P000486\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=asset&amp;utm_content=en_proyecto_ronda_nord\" href=\"https:\/\/urbanitae.com\/en\/project\/P000486\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=asset&amp;utm_content=en_proyecto_ronda_nord\" target=\"_blank\" rel=\"noreferrer noopener\" type=\"link\">asset<\/a> is located at <strong>Ronda Nord 37<\/strong>, in the upper part of the municipality of <strong>Sant Feliu de Gu\u00edxols<\/strong>, <a id=\"https:\/\/blog.urbanitae.com\/en\/2026\/04\/24\/new-project-24-homes-in-playa-de-aro-in-the-heart-of-the-costa-brava\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=locations_costa_brava&amp;utm_content=en_proyecto_ronda_nord\" href=\"https:\/\/blog.urbanitae.com\/en\/2026\/04\/24\/new-project-24-homes-in-playa-de-aro-in-the-heart-of-the-costa-brava\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=locations_costa_brava&amp;utm_content=en_proyecto_ronda_nord\" target=\"_blank\" rel=\"noreferrer noopener\" type=\"link\">one of the most relevant locations on the Costa Brava<\/a>.<\/p>\n<p> <\/p>\n<p>The development is being built on an urban land plot of <strong>1,277 sqm<\/strong> and will comprise <strong>28 multifamily homes<\/strong>, distributed across two blocks of 14 units each. The homes will have between <strong>2 and 4 bedrooms<\/strong>, spacious terraces, parking spaces and access to a communal swimming pool. The units will also have sea views.<\/p>\n<p> <\/p>\n<p>The surrounding area is residential, quiet and family-oriented, located around six minutes by car from the town centre and the beach. The area has nearby access to supermarkets, schools and the main transport links towards Girona and Barcelona.<\/p>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">Construction Under Way and Permit Granted<\/h2>\n<p> <\/p>\n<p><a id=\"https:\/\/urbanitae.com\/en\/project\/P000486\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=ronda_nord_1&amp;utm_content=en_proyecto_ronda_nord\" href=\"https:\/\/urbanitae.com\/en\/project\/P000486\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=ronda_nord_1&amp;utm_content=en_proyecto_ronda_nord\" target=\"_blank\" rel=\"noreferrer noopener\" type=\"link\">Ronda Nord<\/a> has a <strong>valid building permit<\/strong> and the horizontal division has been registered with the Land Registry.<\/p>\n<p> <\/p>\n<p>Construction has already begun and currently stands at <strong>25% progress<\/strong>. To date, earthworks have been completed, along with the first slab of Block 1 and the enclosures of Block 2.<\/p>\n<p> <\/p>\n<p>This situation makes it possible to give direct continuity to the construction work with the funds from Urbanitae\u2019s loan, reducing part of the uncertainty usually associated with projects in earlier stages.<\/p>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">The Manager: Dinarosi Costa Brava<\/h2>\n<p> <\/p>\n<p>The project manager is <strong>Dinarosi Costa Brava<\/strong>, a development company with more than <strong>20 years of experience<\/strong> in the real estate sector, specialising in the development of <a id=\"https:\/\/blog.urbanitae.com\/en\/2026\/05\/27\/the-residential-imbalance-intensifies-at-the-start-of-2026\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=residential_assets&amp;utm_content=en_proyecto_ronda_nord\" href=\"https:\/\/blog.urbanitae.com\/en\/2026\/05\/27\/the-residential-imbalance-intensifies-at-the-start-of-2026\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=residential_assets&amp;utm_content=en_proyecto_ronda_nord\" target=\"_blank\" rel=\"noreferrer noopener\" type=\"link\">residential assets<\/a> at regional level.<\/p>\n<p> <\/p>\n<p>The company focuses its activity on residential developments in consolidated locations on the Costa Brava, with a strong presence in Sant Feliu de Gu\u00edxols. Its model is based on direct control of the operations, technical development and construction process of the asset.<\/p>\n<p> <\/p>\n<p>The developer acquired the land and began the works entirely with its own funds. The asset is currently fully owned by the company and is free of encumbrances.<\/p>\n<p> <\/p>\n<p>Construction is being carried out by <strong>Daleks Construction<\/strong>, the developer\u2019s trusted construction company, with more than 20 years of experience in residential building and renovation. It is a regular partner of the developer in the area, together with other local contractors, which strengthens control over costs and timelines.<\/p>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">Planned Commercialisation<\/h2>\n<p> <\/p>\n<p>Commercialisation of the homes will combine the developer\u2019s direct management with specialised local agencies.<\/p>\n<p> <\/p>\n<p>Sales have not yet begun, as the developer aims to <a id=\"https:\/\/blog.urbanitae.com\/en\/glossary\/value-added-strategy\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=maximise_value&amp;utm_content=en_proyecto_ronda_nord\" href=\"https:\/\/blog.urbanitae.com\/en\/glossary\/value-added-strategy\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=maximise_value&amp;utm_content=en_proyecto_ronda_nord\" target=\"_blank\" rel=\"noreferrer noopener\" type=\"link\">maximise the value of the project<\/a> by selling at more advanced stages of construction. However, the area has limited new-build supply and solid demand, as validated by the commercial due diligence.<\/p>\n<p> <\/p>\n<p>In addition, the developer has direct experience on the same street: it developed a nearby project, <strong>Ronda Nord 13<\/strong>, comprising 32 homes, which was fully sold off-plan in 14 months.<\/p>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">Total Return of 15% Over 18 Months<\/h2>\n<p> <\/p>\n<p>The <a id=\"https:\/\/urbanitae.com\/en\/project\/P000486\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=transaction&amp;utm_content=en_proyecto_ronda_nord\" href=\"https:\/\/urbanitae.com\/en\/project\/P000486\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=transaction&amp;utm_content=en_proyecto_ronda_nord\" target=\"_blank\" rel=\"noreferrer noopener\" type=\"link\">transaction<\/a> is structured as debt, through a fixed-rate loan. The total loan amounts to up to <strong>\u20ac4,500,000<\/strong>, fully financed by Urbanitae investors and committed in four tranches:<\/p>\n<p> <\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Tranche A:<\/strong> up to \u20ac1,240,000<\/li>\n \n<li><strong>Tranche B:<\/strong> up to \u20ac1,120,000<\/li>\n \n<li><strong>Tranche C:<\/strong> up to \u20ac1,070,000<\/li>\n \n<li><strong>Tranche D:<\/strong> up to \u20ac1,070,000<\/li>\n<\/ul>\n<p> <\/p>\n<p>This opening will finance <strong>Tranche A<\/strong>, with the following characteristics:<\/p>\n<p> <\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Amount:<\/strong> \u20ac1,240,000<\/li>\n \n<li><strong>Interest rate:<\/strong> 10.0% simple annual interest<\/li>\n \n<li><strong>Total return:<\/strong> 15.0%<\/li>\n \n<li><strong>Term:<\/strong> 18 months<\/li>\n \n<li><strong>Possible extension:<\/strong> an additional 6 months<\/li>\n \n<li><strong>Minimum interest period:<\/strong> equivalent to 9 months<\/li>\n \n<li><strong>Principal and interest payment:<\/strong> at maturity<\/li>\n<\/ul>\n<p> <\/p>\n<p>The part of the loan intended to finance the works will be drawn down through monthly certifications, subject to a favourable report from the <strong>Project Monitor<\/strong>.<\/p>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">Loan Guarantees<\/h2>\n<p> <\/p>\n<p>The loan includes a guarantee package made up of:<\/p>\n<p> <\/p>\n<ul class=\"wp-block-list\">\n<li><strong><a id=\"https:\/\/blog.urbanitae.com\/en\/2025\/05\/26\/mortgage-backed-loan-what-it-is-and-why-its-key-in-real-estate-investing\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=first_ranking_mortgage&amp;utm_content=en_proyecto_ronda_nord\" href=\"https:\/\/blog.urbanitae.com\/en\/2025\/05\/26\/mortgage-backed-loan-what-it-is-and-why-its-key-in-real-estate-investing\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=first_ranking_mortgage&amp;utm_content=en_proyecto_ronda_nord\" target=\"_blank\" rel=\"noreferrer noopener\" type=\"link\">First-ranking mortgage<\/a><\/strong> over the 28 homes that make up the project, with mortgage liability equal to 140% of the debt principal.<\/li>\n \n<li><strong>Promise of mortgage<\/strong> over the project\u2019s 28 parking spaces.<\/li>\n \n<li><strong>First-ranking pledge<\/strong> over the shares of the borrower.<\/li>\n \n<li><strong>First-ranking pledge<\/strong> over the borrower\u2019s bank accounts.<\/li>\n \n<li><strong>Cash-sweep mechanism<\/strong> covering 70% of net income derived from the sale of the units, allocated to loan amortisation.<\/li>\n \n<li><strong>Equity Commitment Letter<\/strong> to cover part of the budgeted contingencies and possible unforeseen events not included in the business plan.<\/li>\n<\/ul>\n<p> <\/p>\n<p>The 30% of income not swept may only be used for reinvestment in the project, increasing the value of the loan collateral for the benefit of Urbanitae investors.<\/p>\n<p> <\/p>\n<p>As in all debt projects, the figure of the <strong>Project Monitor<\/strong> is included. The Project Monitor will review construction certifications, construction progress, possible deviations in terms of timing or cost, and approve the periodic loan disbursements.<\/p>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">Exit Strategy<\/h2>\n<p> <\/p>\n<p>The expected exit for investors will take place through the <strong>income generated by the sale of the homes<\/strong>.<\/p>\n<p> <\/p>\n<p>The project has a building permit, construction already under way and a developer with experience in the same area. In addition, the cash-sweep mechanism allows a significant portion of sales income to be allocated to loan amortisation.<\/p>\n<p><\/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 data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-90a765c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"90a765c\" 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-848a5ba\" data-id=\"848a5ba\" 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-6fecdc9 elementor-widget elementor-widget-video\" data-id=\"6fecdc9\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/5cGbZ6WN3k8?si=_peZlsl2JE1V-N1R&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 data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-081a6fa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"081a6fa\" 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-eed03cc\" data-id=\"eed03cc\" 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-cc8d7c5 elementor-widget elementor-widget-text-editor\" data-id=\"cc8d7c5\" 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 Ronda Nord<\/h2>\n<p> <\/p>\n<p>These are some of the <a id=\"https:\/\/urbanitae.com\/en\/project\/P000486\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=project&amp;utm_content=en_proyecto_ronda_nord\" href=\"https:\/\/urbanitae.com\/en\/project\/P000486\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=project&amp;utm_content=en_proyecto_ronda_nord\" target=\"_blank\" rel=\"noreferrer noopener\" type=\"link\">project<\/a>\u2019s main strengths:<\/p>\n<p> <\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Ongoing residential development<\/strong> in Sant Feliu de Gu\u00edxols, one of the municipalities with the highest demand on the Costa Brava.<\/li>\n \n<li><strong>Valid building permit<\/strong> and registered horizontal division.<\/li>\n \n<li><strong>25% construction progress<\/strong>, with earthworks, first slab and enclosures already completed.<\/li>\n \n<li><strong>First-ranking mortgage<\/strong> over the 28 homes in the project.<\/li>\n \n<li><strong>Developer with local experience<\/strong>, including a previous development on the same street that was fully sold off-plan.<\/li>\n \n<li><strong>Capital committed by the developer<\/strong>, with approximately \u20ac1.86 million allocated to the acquisition and part of the construction costs.<\/li>\n \n<li><strong>Fixed return of 10% simple annual interest<\/strong>, with a minimum interest period of 9 months.<\/li>\n \n<li><strong>Conservative LTV<\/strong>, with an initial ratio of approximately 30% over the current-state valuation and 47% over the valuation assuming the completed building.<\/li>\n<\/ul>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">Estimated Timeline<\/h2>\n<p> <\/p>\n<p>The estimated term of Tranche A is <strong>18 months<\/strong>, with a possible 6-month extension.<\/p>\n<p> <\/p>\n<p>The main expected milestones are:<\/p>\n<p> <\/p>\n<ul class=\"wp-block-list\">\n<li><strong>June 2026:<\/strong> granting of the loan to partially finance the construction costs and general costs of the project.<\/li>\n \n<li><strong>Third quarter of 2026:<\/strong> continuation of construction works and start of commercialisation.<\/li>\n \n<li><strong>Fourth quarter of 2027:<\/strong> completion of construction works.<\/li>\n \n<li><strong>First quarter of 2028:<\/strong> delivery of the homes and repayment of the loan to Urbanitae investors.<\/li>\n<\/ul>\n<p> <\/p>\n<p>As with any real estate investment, timelines may vary depending on the actual progress of the works, commercialisation and market conditions.<\/p>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">A Residential Transaction on the Costa Brava<\/h2>\n<p> <\/p>\n<p>Project <a id=\"https:\/\/urbanitae.com\/en\/project\/P000486\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=ronda_nord_2&amp;utm_content=en_proyecto_ronda_nord\" href=\"https:\/\/urbanitae.com\/en\/project\/P000486\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_0626&amp;utm_term=ronda_nord_2&amp;utm_content=en_proyecto_ronda_nord\" target=\"_blank\" rel=\"noreferrer noopener\" type=\"link\">Ronda Nord<\/a> offers the opportunity to participate in the financing of an ongoing residential development in Sant Feliu de Gu\u00edxols, with a granted permit, advanced construction progress and a first-ranking mortgage guarantee over the homes.<\/p>\n<p> <\/p>\n<p>The combination of location, the developer\u2019s local experience, capital already invested, technical control of the project and a reinforced guarantee structure places this transaction among Urbanitae\u2019s residential debt opportunities.<\/p>\n<p> <\/p>\n<p>The investment opening will take place on <strong>Tuesday, June 23, at 16:00 (UTC+2)<\/strong>.<\/p>\n<p> <\/p>\n<h2 class=\"wp-block-heading\">Do You Have Questions About the Project?<\/h2>\n<p> <\/p>\n<p>You can ask your questions in the <strong><a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_QRAqQ9pHTFatOauW2wldmw\" target=\"_blank\" rel=\"noreferrer noopener\">webinar<\/a> on Monday, June 22, at 12:00 noon (UTC+2)<\/strong>.<\/p>\n<p> <\/p>\n<p>You can also write to us at <strong><a href=\"mailto: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>Ronda Nord finances an ongoing residential development in Sant Feliu de Gu\u00edxols, with 28 homes, valid permits, construction 25% complete and a first-ranking mortgage.<\/p>\n","protected":false},"author":1,"featured_media":87354,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1076,926],"tags":[1169,2104,1963,1953,888],"class_list":["post-87355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt","category-projects","tag-catalogne","tag-inversion-inmobiliaria","tag-real-estate-crowdfunding","tag-real-estate-crowdlending","tag-residential-sector"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real estate debt in Costa Brava at 10% annual return<\/title>\n<meta name=\"description\" content=\"Invest in real estate debt in Costa Brava at 10% annually with Ronda Nord: 28 homes, construction underway and a first-ranking mortgage.\" \/>\n<meta name=\"robots\" content=\"index, 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