Punta Umbría Towers Project | Huelva

• Urbanitae Tranche Amount: €3,000,000 // Term: 12 months

• 11% Simple annual interest | 11% Total return (12 months)

• Minimum interests equivalent to 6 months

• First rank mortgage on the underlying asset of the project

We present a new project that consists of granting a bridge loan aimed at partially financing the acquisition of three estates located in Punta Umbría (Huelva) for the subsequent development of a project of 120 homes. The bridge loan will also cover the costs of structuring the financing, as well as the rest of the expenses prior to the formalization of the developer loan.

The repayment of the loan is expected at the time the bank financing is formalized, once the building license has been obtained and the level of pre-sales required by the financial entity has been reached. At that time, a capital increase will be carried out with which it is expected to repay the principal and interest of the bridge loan. The manager estimates a term of 12 months to reach this milestone. It has been agreed with the developer that Urbanitae reserves the right to attend this capital increase through a new project that will be offered to its investors.

The project requires a detailed study and an urbanization project that are already being developed in coordination with the Punta Umbría town hall to expedite its processing. In parallel, work is also being done on the basic project to start marketing in the coming months and to be able to present the building license as soon as possible.

The location of the project is in Punta Umbría, a coastal municipality in the province of Huelva located at the mouth of the Odiel river, opposite the provincial capital. It stands out for its privileged natural environment, surrounded by protected landscapes such as the Marismas del Odiel and the Enebrales, and for its extensive fine sandy beaches that stretch for more than 10 kilometers. Traditionally linked to fishing and tourism, the municipality has consolidated a quality tourist and residential offer, with good communications with Huelva and Seville and a mild climate throughout the year. Its quiet character out of season and its strong summer appeal make Punta Umbría a balanced enclave between nature, services and quality of life, increasingly valued by both permanent residents and those looking for a second home on the Andalusian coast.