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Sabadell Project | Barcelona

• Debt project in Sabadell, Barcelona

• Amount Tranche A: 1,105,000€ // Term: 24 months

• 11.0% Simple annual interest | 22.0% Total return 

• Minimum interests equivalent to 18 months

•      First rank mortgage on the underlying asset of the project.

•      First rank pledge on the shares and bank accounts of the borrower. 

•      Cash sweep for 100% of the sale amount, both total and partial, of the underlying guarantee.

We present a new project that consists of the granting of a loan to partially finance the construction costs and general costs of a multi-family residential project consisting of a building with 18 homes, 19 storage rooms and 20 parking spaces in the municipality of Sabadell, Barcelona. The loan also finances the structuring costs of Urbanitae's financing. The developer will pay the remaining construction costs from his own funds, which will be deposited in a bank account pledged by Urbanitae at the date of signing the loan, as well as the remainder of the project's general costs. The expected repayment event of the loan will occur through the sale of the first 8 homes approximately. 

The asset is an urban plot of 844 m² on Miquel Àngel 20 Street in the municipality of Sabadell, Barcelona, with a small construction that will be demolished as soon as the purchase and financing of Urbanitae is formalized. 

The developer proposes the development of a residential promotion of 18 homes, 19 storage rooms and 20 parking spaces to be developed in a multi-family building with 4 floors above ground and 1 floor below ground and a common garden area on the ground floor. With a built area of 1,459m², the project contemplates the development of 1, 2 and 3 bedroom homes. The sale price €/m² has been contrasted with a market study prepared by a reputable independent advisor and the estimated sale price set by the developer is consistent with the conclusions of the study. The asset is very well located next to the road that connects Sabadell with the neighboring municipalities and very well connected with the center of Barcelona. 

The purchase will be formalized through a swap agreement, in which the developer commits to contribute 4 homes, 4 storage rooms and 4 parking spaces to the seller when the work is finished in exchange for the plot.

In unity of act with the signing of the financing and purchase, the horizontal division of the units will take place, so that the Urbanitae loan will have a first rank mortgage on the non-exchanged units.

The Project has a building and demolition license, granted in July 2025 to the Borrower SPV.

Sabadell is one of the main cities in the province of Barcelona currently consolidated as an important urban, economic and residential center within the Barcelona metropolitan area. 

The city has a population that exceeds 225,000 inhabitants, ranking among the most populated municipalities in Catalonia and experiencing sustained demographic growth in recent years mainly driven by the arrival of people from other locations —especially from Barcelona and its surroundings— who are looking for better residential opportunities and quality of life.

The promotion is very well located within the municipality, about 40 minutes by car from the center of Barcelona, very well connected with the neighboring municipalities and less than 2km from the center of the city of Sabadell.