*NEXT OPENING ON FRIDAY, OCTOBER 31 AT 12:00 (UTC+1)*

**Click HERE to watch again the Webinar "Urbanitae up close - El Maro Project", which took place on Thursday, October 30 at 12:00 (UTC+1) along with Per Abrahamsson, General Manager of Navigare Properties**

El Maro Project | Málaga

• Debt project in Mijas, Málaga

• Amount: €3,995,000 // Term: 18 months

• 12% Simple annual interest

• 18% Total profitability 

• Loan guarantees

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

2. First rank pledge on the shares of the SPV owning the asset

3. First rank pledge on the project's bank accounts

4. Corporate guarantee on the parent company owning the SPV

5. Sale mandate on the asset with a 25% discount on the current appraisal value

6. Pledge of the credit rights of the project contracts

7. Cash sweep of the revenues from the sale, partial or total, of the underlying guarantee

We present a new project that consists of the granting of a loan to refinance an existing mortgage charge on a plot of land and partially finance the initial works for a development of 19 single-family homes in Mijas, Málaga. 

The project consists of the development of an off-plan promotion to build 19 single-family homes — 13 villas and 6 semi-detached houses — which will be sold under a self-promotion scheme to future owners or investors. The final customer will acquire the plot with a basic project drafted and will then finance the construction works. 

The project manager's business plan consists of obtaining part of the profits through the construction of the houses, as well as through the management of the rentals of some of the units for a period of 15 years.

The Project is located in the El Maro urbanization in Mijas, situated on a high hill with sea views and good access to Málaga, Fuengirola and Marbella. El Maro offers an environment of tranquility and privacy without giving up the proximity of the main services and attractions of the area. Its careful urban planning, combined with an elegant and contemporary architectural design, makes this urbanization an ideal option for both regular residence and investment, guaranteeing quality of life, comfort and high potential for revaluation.

Mijas, located on the prestigious Costa del Sol in the province of Málaga, stands out for its unique combination of Andalusian tradition and modernity. This municipality offers a privileged environment, with beautiful whitewashed streets, panoramic views of the Mediterranean Sea and an exceptional climate all year round. Thanks to its proximity to Marbella and Malaga international airport, as well as its wide cultural, gastronomic and leisure offer, Mijas consolidates itself as a high-value residential enclave and an excellent opportunity for real estate investment.