*NEXT OPENING ON MONDAY, NOVEMBER 24 AT 16:00 HOURS (UCT +1)*

*Click HERE to watch again the Webinar "Urbanitae up close - San Jacinto Project", along with Margarita Cosín, CDO & Co-founder and Carmine Tobiello, CIO&Co-founder of Alerce Real Estate Partners*

*There has been a modification in the attached "Economic Summary" document, without implying any substantial change in the conditions of the Loan or the Business Plan*

San Jacinto Project | Valencia

• Debt project in Valencia

• Amount: €3,470,000 // Term: 12 months

• 9.75% Simple annual interest

• 9.75% Total return 

• Loan guarantees

1. First rank mortgage on the asset

2. First rank pledge on the future cash flows of the project, including the corporate guarantee granted by the buyer in favor of the Borrower and the bank guarantee with cash collateral already deposited

We present a new project that consists of the comprehensive reform of an existing building to convert it into an aparthotel in Valencia. The property, acquired by the developer in 2022, has all the necessary licenses and permits to start construction. 

The project has already been marketed through a turnkey contract signed in November 2025 with an international hotel operator. Urbanitae's financing will be used to provide liquidity to the developer, taking as mortgage guarantee the asset —already sold— subject of the promotion. 

The asset was acquired by the developer in December 2022 and is free of charges.

The project for sale consists of a comprehensive reform with a change of use to tertiary hotel (Aparthotel) of an eight-story building above ground to develop 27 accommodation units and 8 parking spaces.

The project has all the permits and Licenses for the change of use and to start the reform works, which are expected to begin in the coming weeks and last approximately 12 months. The partial demolition works have already been completed.

Once the reform works are finished, the Activity License has been obtained and the last agreed deferred payment is completed, the keys will be handed over to the buyer who will start the activity in the first quarter of 2027.

The asset is located at Santo Jacinto 22 street, in the La Petxina neighborhood, within the Extramurs district, Valencia. Residential neighborhood west of the historic center, close to the old bed of the Turia river and the Turia Garden, one of the main green lungs of the city. The area is well connected by public transport and surrounded by urban services, making it a comfortable and practical place to live or work

Extramurs is one of the most central and oldest districts of Valencia, located just outside the old walled enclosure of the city. It is composed of the neighborhoods of La Petxina, El Botànic, La Roqueta and Arrancapins. Extramurs combines traditional architecture with modernist buildings and renovated areas. It is a very well connected area by metro, bus and bike lanes, and hosts numerous services, shops, schools and cultural spaces, making it one of the most complete and dynamic areas of Valencia.