PROJECT DESCRIPTION

The promoter of this opportunity is CASAS FINTECH, an investment management company dedicated to the development and promotion of luxury real estate. It is part of the Madre SGPS Group; one of the most recognized investment consortia in Portugal with an international presence, which owns and manages companies in the tourism, real estate, healthcare, publishing, media, renewable energy, agriculture and food sectors.

CASAS FINTECH has a team of professionals with extensive experience in project development, budgeting, construction, architecture, investment portfolio management, sales and marketing. Its team has a long track record in real estate investment management on the Costa del Sol and combines experience, as well as technical and marketing and sales knowledge to take care of each project and adapt to the needs of each user.

The Casa Coral and Casa Coragem projects will be the fourth and fifth villa financed by CASAS FINTECH through Urbanitae after the Casa Piamonte, Casa Cazorla and Casa Orquídea projects, all located in Malaga. Casa Piemonte has already been sold at a price higher than that established in the business plan, demonstrating the commercial and managerial capacity of the promoter. 

The project has a capital gains strategy, which consists of an alliance with the manager for the development of a promotion located in Benahavís. The contributions of Urbanitae investors will be delivered to the manager via a capital increase to the vehicle company that will gather all the contributions of Urbanitae investors in the project: RIVENDEL PROPERTIES 2, S.L. This company will later increase capital in the project's promoter company, F.B. CASA CORAL, S.L.

The manager has formalized a purchase and sale contract and has already disbursed earnest money. The license is requested with expectations of concession in Q4 of 2025. 

The contribution of Urbanitae investors will be used to support part of the land acquisition, along with the funds provided by the manager. The execution of the work will be financed by a developer loan granted by a financial entity.

The marketing of the project has not started, as being a luxury villa this will begin once the construction is finishing. In addition, it will be led by a local marketer with great experience in the area.

STRUCTURE

The operation will be structured via a capital increase, where both the manager and Urbanitae investors will make a capital contribution to the promoter company of the operation. This promoter company plans to resort to alternative financing for the development of the work. 

The manager will be dedicated to the integral management of the promotion and will be an investor in the project, contributing 25% of the total capital of the investment. 

WHY INVEST?

There are several reasons to invest in this project:

• Investment opportunity in a luxury new construction promotion project.

• The project will be managed by CASAS FINTECH, with a long track record in real estate investment management on the Costa del Sol.

• The Casa Coral and Casa Coragem projects will be the third and fourth villas financed by CASAS FINTECH through Urbanitae after the Casa Piamonte, Casa Cazorla and Casa Orquídea projects, all located in Benahavís.

• Urbanitae investors have a preferred return of 14% net annual IRR. 

• The project manager invests his own capital, which aligns the interests of all parties involved in the investment.

ECONOMIC SCENARIOS

According to the CNMV criteria, in addition to the base (favorable) scenario proposed by the manager and contrasted by Urbanitae, in Equity projects 2 additional scenarios must be published that show potential variations in the business plan.

1. FAVORABLE

The base, or favorable, scenario contemplates the revenue and expense estimates proposed by the manager, verified by Urbanitae, and contrasted by the Solvilla valuation report. In this project, the total revenue forecast amounts to €8,350,000, while the estimate of total costs for the execution of the promotion corresponds to €7,525,299.

2. MODERATE

The moderate scenario contemplates a downward deviation of the sale prices estimated by the manager. In this project, a reduction in sale prices equivalent to 10% has been considered, which decreases the amount of sales to €7,515,702.

3. UNFAVORABLE

The unfavorable scenario contemplates an increase in construction costs and a drop in sale prices wide enough to obtain a negative result, with partial loss of the contributed capital. In this project, an increase in construction costs corresponding to 15% and a reduction in sale prices equivalent to 10% has been considered, which would result in a total revenue figure of €7,515,000 and total costs of €7,582,124.

According to the supervisor's criteria, crowdfunding platforms should not communicate the estimated profitability in an equity project. The total profitability of a project is the REVENUE FORECAST minus the COST ESTIMATE, divided by the TOTAL EQUITY. For example, in the FAVORABLE scenario, the calculation would be REVENUE FORECAST (€8,350,000) minus EXPENSE FORECAST (€7,525,299) divided by the total equity (€1,950,000). The result of this quotient multiplied by 100 will be the percentage of profitability on the capital contributed in this scenario.

The forecasts are mere estimates, and are subject to variations that could arise from the economic, social or other situation throughout the duration of the project.

MARKET

A market study has been carried out to determine if the sale prices proposed by the manager are reasonable.

There is information available about the market within the "Sales Witnesses" documentation, where you will find a list of homes for sale in the area, and in the "Solvilla Report", where you will find a study carried out by Solvilla, one of the main luxury marketers in Malaga.

WHEN WILL I RECOVER THE INVESTED MONEY?

The estimated timeframe for this project is 26-30 months.

• Fourth quarter 2025, capital increase, land acquisition and granting of the building permit.

• First quarter 2026, start of the execution of the work.

• Second quarter 2027 – third quarter 2027, end of construction and start of marketing.

• First quarter 2028 – second quarter 2028, sale of the villa, liquidation of the company and distribution of profits to investors.

It is important to bear in mind that in any real estate development, the deadlines can vary both upwards and downwards. 

RISKS

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

• Increase in the deadlines set in the project, due to delays in the granting of the building permit.

• Deviation of the fixed costs associated with the investment, unforeseen events in construction. 

• Delays in sales, and/or need to lower their price to attract customers.

• Possibility of change of the agreed conditions. This risk includes potential substantial changes that take place from the start of the financing campaign until the formalization of the capital increase, in which case the project would be cancelled and the capital contributed by the investors would be returned.

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Warnings and Risks

Urbanitae Real Estate Platform PFP (Urbanitae) does not hold the status of an investment services company, nor of a credit institution and is not attached to any investment guarantee fund or deposit guarantee fund. The information published by Urbanitae Real Estate Platform PFP 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.

The estimated return on investment is net for the investor. In any case, the withholdings established by tax regulations will be applied to the returns obtained, and additionally, a 0.3% corresponding to the commission of the Lemonway payment entity will be deducted.

Urbanitae expressly informs that, in case of non-compliance with the total volume of investment of the project, the deadline 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. All this according to what is established in Article 69 of Law 5/2015 on the Promotion of Business Financing.

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' investment made.