The manager of this opportunity is ALERCE REAL ESTATE PARTNERS, an independent investment management company dedicated to the search, structuring and active management of real estate assets in Spain and in certain European markets. Currently, the company manages a gross asset value (GAV) of approximately 62 million euros  in two investment vehicles that make up a portfolio of five assets.

With a team of six experienced professionals covering the entire investment cycle, from origination and structuring to development supervision and asset management, Alerce integrates decades of collective experience from financial institutions, investment firms and leading real estate operators. The company's track record spans more than 70 million euros in development projects and consistent partnerships with top-tier European hotel operators, reflecting its strong technical and institutional capabilities.

The San Jacinto Project is the first project financed together with ALERCE REAL ESTATE PARTNERS through URBANITAE.

The underlying project of the financing is a turnkey project consisting 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 located on San Jacinto Street 22, Valencia.

The project promoter has committed to date about 3,150,000 €, intended for the purchase of the asset and part of the general costs of the project. The Urbanitae loan will be up to 3,470,000 € and will be used to give the Borrower access to the capital deposited in a bank account and guaranteed by the bank, presented by the selling party as part of the guarantee package agreed with the buying party in the purchase contract.

Urbanitae investors will enter the project through the granting of a single tranche loan. This tranche will have a fixed annual rate of 9.75% and minimum interests equivalent to 5 months of interest.

The exit of the Urbanitae investors' loan will be through bank refinancing via the granting of a bank guarantee without cash pledge with mortgage guarantee granted by a banking entity. Conversations have been initiated with the bank and are in an advanced stage, it is expected to be granted in the coming months.

Alternatively, the repayment of the Urbanitae loan will occur through (i) either the release of the capital deposited in the bank account as the purchase price of the asset, once the property is delivered to the buyer or (ii) in case of withdrawal without default by the seller, by executing the buyer's corporate guarantee and releasing the amount currently withheld as the first payment of the turnkey purchase contract.

STRUCTURE

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

The total amount of the loan amounts to 3,470,000 € to be fully financed by the platform through Urbanitae investors. The total loan is structured in a single tranche, whose main characteristics are the following (more information in the document "Fundamental Data of the Investment"):

• Total loan amount: up to 3,470,000 € in a single tranche intended to partially release the capital deposited in the bank and guaranteed by it as part of the guarantee package offered by the selling party. This capital corresponds to the first payment of the turnkey purchase contract paid by the buyer as part of a future sale scheme structured in deferred payments to acquire a project that consists of the comprehensive reform of an aparthotel with 27 accommodation units. 

• Loan term: 12 months with an extension option of 6 months in month 12.

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

Total early repayment will be allowed at any time, subject to a minimum guaranteed return equivalent to 5 months of interest. 

Regarding the guarantees of return of said loan, the following is established in the debt contract: 

• First rank mortgage real guarantee on the registered property in which the project is developed through a Guarantee Agent. 

• 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 granted to the seller.

WHY INVEST?

There are several reasons to invest in this project:

•    The underlying asset of the debt is a property located in Valencia, in the La Petxina neighborhood in the Extramurs district. It is a well-established residential area very close to the Turia Garden and the city center. 

•    No urban risk. On one hand, the project has all the licenses and permits to start the work.

• No commercial risk. The manager has a turnkey sales contract closed with a renowned international operator specializing in short stays. Likewise, it has been contrasted with operators of tourist apartments in case the operator decided to abandon the project they would be interested in the operation of the asset.

• High visibility of loan repayment. Either via bank refinancing by granting a bank guarantee with a mortgage guarantee - replacing the current guarantee scheme offered by the selling party - either by delivering the asset and signing the deed of sale, or by resorting to the corporate guarantee of the buyer's parent company in case of withdrawal by the buyer.

• The return that the investor will obtain will be 9.75% per year, with a minimum return equivalent to 5 months of interest and commissions.

• Solid guarantee package. The project has among others a first rank mortgage guarantee on the registered property where the project is developed. 

MARKET

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

There is information available about the market within the "Market Study" documentation, where you will find a list of properties for sale in the area.

WHEN WILL I RECOVER THE INVESTED MONEY?

The estimated term of this project is 12 months with a possible extension of 6 months in month 12.

• November 2025, granting of the loan from Urbanitae investors.

• Fourth quarter 2025 – fourth quarter 2026, renovation works and obtaining of the Activity License.

• Second half of 2026, granting of the mortgage loan by the bank, refinancing the loan from Urbanitae investors. Alternatively, the repayment of the Urbanitae loan will occur through (i) either the release of the capital deposited in the bank account as the purchase price of the asset, once the property is delivered to the buyer or (ii) the execution of the buyer's corporate guarantee in case of withdrawal on their part.

• Fourth quarter 2026, delivery of the asset to the buying party, signing of the deed of sale and transfer of the property of the asset, releasing the bank account in which the purchase price will be deposited.

RISKS

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

• Delay in the execution times of the works, which could generate delays in the delivery of the asset. This risk is mitigated by hiring a Project Manager by the manager, in charge of supervising the development of the works, and the participation of a top-level construction company in the area, with extensive experience in the rehabilitation of similar assets

• Non-compliance by the buyer in meeting the deferred payments established in the turnkey sales contract. This risk is mitigated thanks to the existence of a first rank pledge on future cash flows, including the corporate guarantee granted by the buyer's parent company in favor of the developer

• Possibility of changing the agreed conditions. This risk includes potential substantial changes that may occur from the start of the financing 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 S.L. (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 in no case can it be considered as an investment recommendation to potential 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 project investment, the deadline for fundraising 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;

• Managers or employees of Urbanitae;

• 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 the rest of the investors registered in Urbanitae. In accordance with the Internal Code of Conduct of Urbanitae, 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.