PROJECT DESCRIPTION

Gruppo Masera is a well-established and active real estate developer throughout Lombardy, with a strong presence in Milan, Pavia and selected areas of Como and Brianza. The group specializes in residential rehabilitation and new construction, leveraging a solid network of professionals to develop high-quality, market-oriented projects. 

Its track record includes conservative rehabilitations, new construction developments and quick execution investments, ensuring both strong market acceptance and solid financial performance.

The developer already owns the asset which has a commercial area of 957 m2. The plot has a Building License granted in the second quarter of 2025.

Construction works began in the second quarter of 2025 and has a work progress of over 45% with expectations of completion in the fourth quarter of 2026.

The project developer commits a total capital of 751,000 €. Urbanitae investors will enter the project through the granting of a committed loan in 1 tranche, to finance part of the construction costs and general project costs. The Tranche will have a fixed annual rate of 12% and a term of 12 months with a possible extension of 6 months in month 12.

The exit of Urbanitae investors will occur through the sale of the homes, once the developer loan is repaid.

The asset is being marketed by a local commercial agency with extensive experience in the area.

STRUCTURE

This operation will be structured via debt, where Urbanitae Investors will grant a fixed-rate loan to the company DPM Europa, S.R.L.

The total amount of the gross loan will rise to an amount of 800,000 €. The total loan will be structured in a single tranche, whose main characteristics are as follows (you can consult more information in the document "Fundamental Data of the Investment"):

• Total loan amount: up to a maximum of 800,000 €, committed in one tranche:

• Simple annual fixed interest rate of 12%.

• Loan term: 12 months + 6 months extension.

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

• The part of the loan intended to finance construction works will be disposed by the developer through monthly work certifications, subject to the favorable report issued by the Project Monitor.

Total early repayment will be allowed at any time, subject to a minimum return of interest equivalent to 9 months of interest. 

Regarding the loan guarantees, the following is established in the financing contract: 

• Private contract of first rank pledge on the shares of the Borrower SPV.

• Private Contract of first rank pledge on the bank accounts of the Borrower SPV.

• Sales mandate in favor of Urbanitae investors that will be activated in month 12 if the extension does not occur, in month 18 in case of extension or upon the materialization of any loan default.

As in all debt projects, the figure of the Project Monitor is incorporated in this project, who will review the work certifications, progress in construction, possible deviations in time / cost and who will in turn approve the monthly loan disbursements.

WHY INVEST?

There are several reasons to invest in this project:

• Guarantee on the shares of the SPV and first rank pledge on bank accounts.

• Second Urbanitae project in Italy in an area of great growth in real estate investment.

• Building license granted and execution of works with a progress rate above 45%.

• An annual return of 12%, with a minimum return equivalent to 9 months of interest.

• Manager's experience in similar real estate products in Italy and specifically in Lombardy.

MARKET

A market study has been carried out to determine if the selling prices proposed by the manager are reasonable. In turn, a commercial Due Diligence has been carried out by an external agent who has issued a favorable report corroborating the proposed prices. 

There is information available on the market within the "Sales Witnesses" documentation, where you will find a list of homes 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.

• December 2025, loan granted by Urbanitae investors to the developer to finance part of the construction costs and general project costs.

• Fourth quarter 2026, completion of construction works.

• Fourth quarter 2026 delivery of the homes and repayment of the loan to Urbanitae.

RISKS

All investments carry a risk. Below are the main risks identified for this project:

• Commercial risk derived from a possible delay in the sale of the homes, which could cause delays in the repayment of the debt. This risk is mitigated by the participation of a leading real estate agent in the sector, as well as the support of the favorable report issued during the commercial due diligence, which validates the selling price set in the Business Plan.

• Risk of deviations in the project deadlines due to possible unforeseen events during the construction phase. To mitigate this risk, the developer has the support of a Project Manager in charge of the rigorous supervision and control of the execution schedule ensuring the fulfillment of the established milestones. Also, it is an experienced manager in similar real estate products in Lombardy.

• Risk of deviations in construction costs derived from unforeseen contingencies.

• Possibility of change of the agreed conditions. This risk includes potential substantial changes that take place from the beginning of the financing campaign until the formalization of the loan contract, in which case the project would be canceled 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 can in no case 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 the project's 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 Urbanitae's Internal Code of Conduct, these investors are obliged to internally communicate these operations.

Once the investment in the project is closed, Urbanitae will provide in the project's investment area information 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.