<style id="elementor-post-91974">.elementor-widget-container .eael-protected-content-message{font-family:var( --e-global-typography-secondary-font-family ), Sans-serif;font-weight:var( --e-global-typography-secondary-font-weight );}.elementor-widget-container .protected-content-error-msg{font-family:var( --e-global-typography-secondary-font-family ), Sans-serif;font-weight:var( --e-global-typography-secondary-font-weight );}.elementor-91974 .elementor-element.elementor-element-298199d{--display:flex;}.elementor-widget-text-editor .eael-protected-content-message{font-family:var( --e-global-typography-secondary-font-family ), Sans-serif;font-weight:var( --e-global-typography-secondary-font-weight );}.elementor-widget-text-editor .protected-content-error-msg{font-family:var( --e-global-typography-secondary-font-family ), Sans-serif;font-weight:var( --e-global-typography-secondary-font-weight );}.elementor-widget-text-editor{font-family:var( --e-global-typography-text-font-family ), 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.elementor-element.elementor-element-94f292a .elementor-wrapper{--video-aspect-ratio:1.77777;}.elementor-91974 .elementor-element.elementor-element-0098463{--display:flex;}</style>{"id":91974,"date":"2026-09-25T17:00:00","date_gmt":"2026-09-25T15:00:00","guid":{"rendered":"https:\/\/blog.urbanitae.com\/?p=91974"},"modified":"2026-09-25T14:21:11","modified_gmt":"2026-09-25T12:21:11","slug":"palo-alto-sur-debt-at-10-5-per-year-for-two-luxury-villas-in-ojen","status":"publish","type":"post","link":"https:\/\/blog.urbanitae.com\/en\/2026\/09\/25\/palo-alto-sur-debt-at-10-5-per-year-for-two-luxury-villas-in-ojen\/","title":{"rendered":"Palo Alto Sur: debt at 10.5% per year for two luxury villas in Oj\u00e9n"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"91974\" class=\"elementor elementor-91974 elementor-91970\" data-elementor-post-type=\"post\">\n\t\t\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-298199d e-flex e-con-boxed e-con e-parent\" data-id=\"298199d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2ef5ac88 elementor-widget elementor-widget-text-editor\" data-id=\"2ef5ac88\" 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>Next <strong>Tuesday, 29\u00a0September at 16:00 h<\/strong> <strong>(UTC+2)<\/strong>, we will open <strong>the <a href=\"https:\/\/urbanitae.com\/en\/project\/P000512\/\" target=\"_blank\" rel=\"noreferrer noopener\">Palo Alto Sur<\/a> project<\/strong> for investment, a new debt opportunity in Oj\u00e9n, M\u00e1laga.<\/p><p>The transaction consists of granting a loan to finance the construction costs and general costs of <strong>two luxury villas<\/strong> in the <strong>Palo Alto Sur<\/strong> development, one of the most exclusive residential enclaves on the Costa del Sol.<\/p><p>Tranche A will amount to <strong>1,560,000 euros<\/strong>, with a term of <strong>24 months<\/strong>, a fixed interest rate of <strong>10.5% simple annual interest<\/strong> and a total return of <strong>21.0%<\/strong>.<\/p><ul class=\"wp-block-list\"><li><strong>Opening for investment:<\/strong> Tuesday, 29 September at 16:00 h (UTC+2)<\/li><li><strong>Project <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_RZB3fQcDTgCuf4vNwURxWA#\/registration\" target=\"_blank\" rel=\"noreferrer noopener\">webinar<\/a>:<\/strong> Tuesday, 29 September at 11:00 h (UTC+2)<\/li><\/ul><h2 class=\"wp-block-heading\">Two villas in Palo Alto Sur<\/h2><p>The <a href=\"https:\/\/urbanitae.com\/en\/project\/P000512\/\" target=\"_blank\" rel=\"noreferrer noopener\">project<\/a> involves the construction of two detached single-family homes on two plots of <strong>1,077 m\u00b2<\/strong> and <strong>1,129 m\u00b2<\/strong>, with a total land area of <strong>2,206 m\u00b2<\/strong>.<\/p><p>Each villa will have <strong>668 m\u00b2 built<\/strong>, distributed across three floors \u2014 two above ground and one below ground \u2014, with 4 bedrooms, 5 bathrooms, covered parking, a solarium on the upper floor, a private swimming pool and a garden.<\/p><p>The development is part of <strong>Palo Alto<\/strong>, a private mixed-use residential community with a single entrance, 24-hour security, an equestrian club, tennis courts, wellness facilities and restaurants.<\/p><h2 class=\"wp-block-heading\">A location between the mountains and Marbella<\/h2><p>Palo Alto is located in Oj\u00e9n, in an environment that combines privacy, nature and proximity to Marbella.<\/p><p>The asset is located <strong>4.2 kilometres from La Ca\u00f1ada shopping centre<\/strong>, <strong>4.6 kilometres from access to the AP-7<\/strong>, <strong>7.5 kilometres from the centre of Marbella<\/strong> and <strong>14 kilometres from Puerto Ban\u00fas<\/strong>.<\/p><p>This location makes it possible to offer a <a href=\"https:\/\/blog.urbanitae.com\/en\/2026\/06\/11\/prime-residential-in-spain-less-volume-more-quality\/\" target=\"_blank\" rel=\"noreferrer noopener\">luxury product in a private residential setting<\/a>, with good connections to some of the main service, leisure and tourism hubs on the Costa del Sol.<\/p><h2 class=\"wp-block-heading\">The manager: Roel Homes<\/h2><p>The project manager is <strong>Roel Homes<\/strong>, a real estate developer with <strong>50 years of experience<\/strong> in southern Spain and headquartered in Marbella.<\/p><p>The company has delivered assets with an aggregate value of more than <strong>215 million euros<\/strong>, with <strong>298 units<\/strong> developed. Roel Homes is a 50\/50 joint venture between <strong>Grupo Villarroel<\/strong>, as technical partner, and <strong>Ib\u00e9rica Capital Partners<\/strong>, as financial partner.<\/p><p>The manager operates in a vertically integrated way, internally handling the design, development and construction of its projects.<\/p><p>Roel Homes has fully developed and delivered <strong>Palo Alto Norte<\/strong>, a development of 298 apartments. It is currently executing <strong>Palo Alto Sur<\/strong>, the single-family villa phase of the same master plan, where it has already launched 15 villas: 7 are practically completed and were 100% sold off-plan before construction began, and 8 villas are under construction, 2 of which have already been sold.<\/p><h2 class=\"wp-block-heading\">Licence granted and earthworks started<\/h2><p>Both plots have a <strong>valid building licence<\/strong> and earthworks have already begun. Therefore, the project does not present planning or licensing risk before the loan drawdown.<\/p><p>The estimated construction execution period is <strong>18 months<\/strong>, followed by a commercialisation and completion period of <strong>5-6 months<\/strong>.<\/p><p>Commercialisation will mainly be carried out through the manager\u2019s internal sales channels and specialised agencies in the area. The expected launch price is <strong>4 million euros per villa<\/strong>, 8 million in total, placing the product approximately 20% below the market price of a comparable completed villa in the development.<\/p><h2 class=\"wp-block-heading\">10.5% per year and total return of 21%<\/h2><p>The <a href=\"https:\/\/urbanitae.com\/en\/project\/P000512\/\" target=\"_blank\" rel=\"noreferrer noopener\">transaction<\/a> is structured as debt, through a fixed-rate loan, with a total amount of up to <strong>4,670,000 euros<\/strong> and structured in three tranches:<\/p><ul class=\"wp-block-list\"><li><strong>Tranche A:<\/strong> 1,560,000 euros, corresponding to this opening.<\/li><li><strong>Tranche B:<\/strong> 1,460,000 euros.<\/li><li><strong>Tranche C:<\/strong> 1,650,000 euros.<\/li><\/ul><p>The main characteristics of tranche A are:<\/p><ul class=\"wp-block-list\"><li><strong>Amount:<\/strong> 1,560,000 euros<\/li><li><strong>Interest rate:<\/strong> 10.5% simple annual interest<\/li><li><strong>Total return:<\/strong> 21.0%<\/li><li><strong>Term:<\/strong> 24 months<\/li><li><strong>Possible extension:<\/strong> additional 6 months<\/li><li><strong>Minimum return:<\/strong> equivalent to 18 months of interest<\/li><li><strong>Principal and interest payment:<\/strong> at maturity<\/li><\/ul><p>The use of funds from tranche A will be allocated to financing the first phase of the construction costs of both villas, as well as the project\u2019s general costs associated with that period.<\/p><h2 class=\"wp-block-heading\">Loan guarantees<\/h2><p>The loan has a guarantee package consisting of:<\/p><ul class=\"wp-block-list\"><li><a href=\"https:\/\/blog.urbanitae.com\/en\/2025\/05\/26\/mortgage-backed-loan-what-it-is-and-why-its-key-in-real-estate-investing\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>First-ranking mortgage<\/strong><\/a> over the two assets being financed, with mortgage liability of 135% of the principal.<\/li><li><strong>First-ranking pledge<\/strong> over the shares of the borrower company.<\/li><li><strong>First-ranking pledge<\/strong>, without intervention of funds, over the project\u2019s bank accounts, including the VAT account.<\/li><li><strong>Letter of commitment to contribute additional capital<\/strong>, under which the developer undertakes to cover any cost overrun not contemplated in the business plan.<\/li><li><strong>100% cash sweep<\/strong> of the income generated by the sale of the two villas.<\/li><li><strong>Additional cash sweep<\/strong> over the net cash flows generated by the sale of other homes in the development owned by the manager or related companies.<\/li><li><strong>Irrevocable sale mandate<\/strong>, exercisable in month 24, or in month 30 in the event of extension, at a minimum price equivalent to 80% of the updated valuation value.<\/li><\/ul><p>In addition, the role of <strong>Project Monitor<\/strong> is included, which will review construction certifications, construction progress, possible deviations in time and cost, and approve the monthly loan disbursements.<\/p><h2 class=\"wp-block-heading\">Exit strategy<\/h2><p>The planned exit for Urbanitae investors will take place through the <strong>income from the sale of the two villas<\/strong>.<\/p><p>The expected launch price, 4 million euros per villa, is below the estimated market value for a comparable completed villa in Palo Alto. This strategy seeks to strengthen the product\u2019s commercial competitiveness and facilitate the sale within the expected timeframe.<\/p><p>The project also has a favourable commercial due diligence, which validates the proposed prices and the developer\u2019s business plan.<\/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\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-58cc676 e-flex e-con-boxed e-con e-parent\" data-id=\"58cc676\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-94f292a elementor-widget elementor-widget-video\" data-id=\"94f292a\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=KKH66BjxEE4&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\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-0098463 e-flex e-con-boxed e-con e-parent\" data-id=\"0098463\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b602f51 elementor-widget elementor-widget-text-editor\" data-id=\"b602f51\" 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 the Palo Alto Sur project<\/h2><p>These are some of the main strengths of the transaction:<\/p><ul class=\"wp-block-list\"><li><strong>Two luxury villas in Palo Alto<\/strong>, a private residential community in Oj\u00e9n, next to Marbella.<\/li><li><strong>Valid building licence<\/strong> and earthworks already started.<\/li><li><strong>First-ranking mortgage<\/strong> over the two assets being financed.<\/li><li><strong>Extended cash sweep<\/strong>, both over the financed villas and over other homes in the development owned by the manager or related companies.<\/li><li><strong>Irrevocable sale mandate<\/strong> as an additional protection mechanism.<\/li><li><strong>Developer with 50 years of experience<\/strong> and direct knowledge of the location.<\/li><li><a href=\"https:\/\/blog.urbanitae.com\/en\/2026\/04\/01\/how-sponsor-co-investment-affects-a-real-estate-project\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Developer capital already contributed<\/strong><\/a>, amounting to approximately 2.1 million euros.<\/li><li><strong>Proven commercial absorption<\/strong> in previous phases of Palo Alto Sur.<\/li><li><strong>Fixed return of 10.5% simple annual interest<\/strong>, with a minimum return equivalent to 18 months of interest.<\/li><\/ul><h2 class=\"wp-block-heading\">Estimated timeline<\/h2><p>The estimated term of tranche A is <strong>24 months<\/strong>, with a possible 6-month extension.<\/p><p>The main expected milestones are:<\/p><ul class=\"wp-block-list\"><li><strong>September 2026:<\/strong> granting of the loan, drawdown of Tranche A and continuation of construction works.<\/li><li><strong>First quarter of 2028:<\/strong> expected completion of construction works, obtaining of the Final Works Certificate and application for the First Occupancy Licence.<\/li><li><strong>Third quarter of 2028:<\/strong> completion of the sale of the villas and expected repayment of the loan to Urbanitae.<\/li><\/ul><p>As with any real estate investment, timelines may vary depending on the actual progress of construction, commercialisation and market conditions.<\/p><h2 class=\"wp-block-heading\">Do you have any questions about the project?<\/h2><p>The opening for investment of <a href=\"https:\/\/urbanitae.com\/en\/project\/P000512\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Palo Alto Sur<\/strong><\/a> will be on <strong>Tuesday, 29\u00a0September at 16:00 h<\/strong> <strong>(UTC+2)<\/strong>.<\/p><p>You can ask your questions in the <strong><a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_RZB3fQcDTgCuf4vNwURxWA#\/registration\" target=\"_blank\" rel=\"noreferrer noopener\">webinar<\/a> on Tuesday, 29 September at 11:00 h (UTC+2)<\/strong>.<\/p><p>You can also write to us at <a href=\"mailto:contacto@urbanitae.com\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>contacto@urbanitae.com<\/strong><\/a> 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\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Palo Alto Sur finances a debt operation for two luxury villas in Oj\u00e9n, near Marbella, with approved permits, earthworks underway, a first-ranking mortgage, 100% cash sweep and a total return of 21%.<\/p>\n","protected":false},"author":1,"featured_media":91973,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1076,926],"tags":[1953,2060],"class_list":["post-91974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt","category-projects","tag-real-estate-crowdlending","tag-vivienda-de-lujo-en"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":8}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Invest in housing in Oj\u00e9n: Palo Alto Sur<\/title>\n<meta name=\"description\" content=\"Discover how to invest in housing in Oj\u00e9n with Palo Alto Sur: two luxury villas, approved permits and a first-ranking mortgage.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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