*NEXT OPENING: TUESDAY, DECEMBER 9 AT 12:00 PM (UTC+1)*

**Participation in this project is limited to €10,000 per investor**

*The loan term is 2.5 months with the option to extend for 6 months up to month 8.5. The extension will be applied in month 2.5 once the agreed milestones to activate the extension are met*

Project Villa Alcalá III | Marbella 

• Debt project in Marbella

• Amount Tranche C: €975,000 // Term Tranche C: 8.5 months

• Return Tranche C: 9.50% annual // 6.75% estimated return for 8.5 months

• Main loan guarantees:

1. First rank mortgage on the asset, with a mortgage liability of 150% on the total principal amount.

2. First rank pledge of the Borrower's shares.

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

We present the third tranche (Tranche C) of a loan granted in February 2024 to COGITARI HOMES for partial financing of the development of a luxury villa in Nueva Andalucía, Marbella. The loan from Urbanitae investors will be used to cover construction costs until the completion of the asset and certain outstanding soft costs of the project.

Tranche A was raised in February 2024 to refinance (i) the mortgage loan originally granted for the purchase of the land and (ii) finance part of the construction costs and initial general costs of the project. In December 2024, Tranche B was formalized to continue financing the works and the soft costs linked to the development.

The developer owns the asset - initially acquired with own funds and a loan granted by an alternative lender, has a license and the works are at a stage of progress close to 90% according to the latest work certification validated by the Project Monitor. 

The villa has 5 bedrooms, 5 bathrooms, parking for 4 vehicles, entertainment and TV room, space to incorporate a gym and wine cellar. Outside there is a space equipped with a kitchen for barbecues, private pool and sunbathing area.

The house is located in the urbanization of Nueva Andalucía, in the municipality of Marbella, Málaga. It is a high-level residential area characterized by its natural environment and privacy, with good connections to Málaga, Marbella and Puerto Banús. The house is surrounded by landscaped areas and natural vegetation, overlooking the Real Club de Golf Las Brisas golf course and less than 5 minutes from 3 additional golf courses.

Marbella, located on the Costa del Sol, is one of the main destinations in the entire province of Málaga. It has large beaches, natural spaces, golf courses, luxury residential complexes, shops and restaurants. It is the main tourist attraction both nationally and for high-income foreigners.