The Manager of this project is SHEVAT, a real estate company founded in 2006 by CEO Uriel Benguigui. It is made up of a team of professionals dedicated to the design, management, and construction of projects in all areas.

Since its inception, Shevat has placed the values of safety and quality at work, and the fulfillment of deadlines among its top priorities. Its main activity is located throughout Catalonia, although it has also begun its expansion with projects under development in the Balearic Islands and the Madrid region.

Shevat has more than 17 years of experience in which it has carried out 75 real estate projects. In its 17 years of activity, they have invested more than 85 million in share capital, with a growth obtained last year of 45%.

From Urbanitae, two Projects have been successfully financed with this Manager, Golf Terraces, which is 100% sold and on time, and Gavá Mar.

The project consists of the granting of a loan whose use of funds includes the financing of pending costs for the closure of a real estate development project, through the recapitalization of part of the own funds invested by the manager.  

The real estate project materializes in the development of 20 homes in a multi-family building with large green areas, swimming pool, garage, and storage room. The promotion is 95% sold with signed contracts, with the sale of the last house pending. The delivery of the sold homes is scheduled for September of this year. The work is 95% executed, justified by a project monitoring report that has validated the progress of the work. The project is in its final phase and has an existing loan with a top-tier entity at the national level.

The manager maintains own funds amounting to € 2,578,327. 

Urbanitae investors will enter the project through the granting of a loan in a single tranche with a fixed annual rate of 10.00% for 12 months with a minimum period of guaranteed interest of 4 months.

The exit of Urbanitae investors will take place once the homes are delivered and the bank debt service is faced. The project generates sufficient margin to attend to the bank debt service, to repay the Urbanitae loan and the accrued interest, as well as an additional margin for the manager. Additionally, the manager has another ongoing project in Madrid, the margin of which will go to the repayment of the investors' loan, increasing the guarantees.

STRUCTURE

This operation is going to be structured via debt, where Urbanitae Investors will grant a fixed-rate loan to the company SIVAN INVESTMENTS 5782, S.L.

The total amount of the loan will amount to € 1,300,000 fully financed by Urbanitae investors. The total loan will be structured in a single tranche, whose main characteristics are the following (more information in the document "Fundamental Data of the Investment"):

• Loan amount:  up to a maximum of € 1,300,000 committed by Urbanitae investors in a single tranche.

• Interest Rate: 10.00% per annum.

• Loan term: 12 months.

• Minimum interest period: 4 months.

• Interest and principal of the loan will be paid at maturity (interest will begin to accrue from the moment of the formalization of the loan contract).

Full early repayment will be allowed at any time, subject to a minimum return equivalent to 4 months of interest. 

Regarding the loan guarantees, the following is established in the loan contract: 

• Corporate guarantee from SHEVAT INVESTMENTS, S.L. 

• Pledge of collection rights by the Manager of the benefits derived from the Hamilton Gardens project.

• Pledge of collection rights by the Manager of the benefits derived from the Abel 12 project.

• Assignment to the Lenders, in case of execution of the guarantees, of any contract or agreement with third parties related to the development or execution of the Project.

• Maintenance of the Guarantees during the life of the loan and impossibility of granting the same or better guarantees in favor of other creditors.

• Any additional corporate loan must be subordinated to our debt. 

WHY INVEST?

There are several reasons to invest in this project:

• Project almost 100% sold with only one housing unit left to be awarded.

• The return that the investor will get will be 10.00% per year, with a minimum return equivalent to 4 months of interest.

• The project has a first demand guarantee from the parent company SHEVAT INVESTMENTS, S.L.

• 85% of the work is completed, with the promotion expected to be delivered in September.

MARKET

A market study has been carried out to determine if the selling prices proposed by the manager are reasonable. In addition to having almost all units sold with purchase contracts.

There is information available about the market in the "Sales Witnesses" documentation, where you will find a list of homes for sale in the area.

WHEN WILL I RECOVER THE INVESTED MONEY?

The estimated term of this project is 12 months.

• july 2025, granting of the Loan by Urbanitae investors to the manager.

• Q4 2025, completion of the work and delivery of the homes, opening the possibility of loan repayment.

• July 2026, maximum repayment date of the loan granted by Urbanitae investors.

RISKS

All investments carry a risk. We detail the clearest risks we have identified for this project: 

• Delay in the delivery of the homes that may cause delays in debt repayment.

• Risk of deviations in deadlines due to unforeseen events associated with construction. This risk is limited since the work is > 95% complete.

• Possibility of change of the agreed conditions. This risk includes potential substantial changes that take place from the start of the funding campaign until the formalization of the loan contract, in which case the project would be cancelled and the investment returned.

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Warnings and Risks

Urbanitae Real Estate Platform (Urbanitae) does not hold the status of an investment services company, nor a credit institution and is not attached to any investment guarantee fund or deposit guarantee fund. The information published by Urbanitae Real Estate Platform on its Website is for informational purposes only and can in no case be considered as recommendations to investors.

The crowdfunding projects published by Urbanitae on its Website are not subject to authorization or supervision by the National Securities Market Commission or the Bank of Spain, therefore, all the information provided by the manager in relation to the projects has not been reviewed by them.

Urbanitae expressly informs that, in case of non-compliance with the total volume of investment of the project, the period for raising funds may be exceeded by up to 25%, maintaining the same investment conditions. Likewise, the project may be financed by Urbanitae when at least 90 percent of the financing objective has been reached, once the participation in the project that the platform itself may have is discounted. 

Investing in the projects published on this Website may entail certain risks, such as, the risk of total or partial loss of the invested capital, of not obtaining the expected monetary return or of lack of liquidity. Therefore, we warn investors to only invest an amount they are willing to lose and we suggest they diversify their investments to minimize and mitigate potential risks. In the event that the manager is unable to return or remunerate the funds received, Urbanitae will not return the investors their investment made.

This project will be open to any investor registered in Urbanitae, and any of the following registered persons may invest in it:

• Urbanitae partners who own at least 20% of the share capital or voting rights;

• Urbanitae managers or employees;

• Individuals or legal entities linked to these partners, managers or employees by control.

In this regard, Urbanitae guarantees that the investments of any of these people will be made through the platform, on the same terms and conditions as any other investor, without receiving any preferential treatment, or privileged access to information compared to other investors registered in Urbanitae. In accordance with Urbanitae's Internal Code of Conduct, these investors are obliged to internally communicate these operations.

Once the investment in the project is closed, Urbanitae will provide information in the project's investment area about the amount invested by these investors, the type of investor who has made the investment and the percentage it represents with respect to the total financed, always complying with the data protection policy.