The manager of this operation 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.

The project has a capital gains strategy, which consists of an alliance with the developer for the development of the project consisting of the acquisition of a single-family home for its subsequent comprehensive reform and sale. In addition, the project will have numerous amenities such as a swimming pool, gym, spa, etc.

The contributions from Urbanitae investors will be delivered to the developer via a capital increase to the vehicle company that will bring together all the funds from the investors: RIVENDEL PROPERTIES 6, S.L. This company will later enter the project's promoting company, FINTECH BUSINESS CASA FORTUNA II, S.L. with a contribution of €1,947,500.

The manager contributes 25% of the necessary investment to carry out the project.

The promotion materializes in the development of a luxury single-family home with an interior built area of over 1,400 m², on a plot of 2,000 m². The asset is located in front of the coast of Puerto Banús, on the mountainside overlooking the sea.

The manager is currently developing other projects in the same location, which is progressing favorably.

The marketing of the asset, by typology, will begin when the project has a high degree of work progress. Other similar projects developed by the manager give an estimated sale in six months.

STRUCTURE

The operation will be structured via a capital increase, where Urbanitae investors will make a capital contribution to the vehicle company of the operation. This vehicle company plans to resort to external financing to cover part of the purchase of the asset and the development of the work, which is packed with a financial entity. The contribution corresponding to Urbanitae investors will be equivalent to €1,947,500. The total capital of the project amounts to €4,000,000 where Urbanitae investors will enter together with the manager and other partner investors.

The manager will be dedicated to the comprehensive management of the promotion and his contribution amounts to 25% of the total value of the investment.

WHY INVEST?

There are several reasons to invest in this project: 

• Investment opportunity in a new construction promotion project.

• The project has the building license, which allows starting the construction work in a short term.

• Synergies with the projects under development in the same location by the manager.

• Financing in the process of closing with a financial entity to cover part of the acquisition costs and the construction and development costs.

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

ECONOMIC SCENARIOS

According to the criteria of the CNMV, in addition to the base (favorable) scenario proposed by the manager and which we contrast from 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 BÁSICO RE valuation report. In this project the total revenue forecast amounts to 18,125,000 €, while the estimate of the total costs for the execution of the promotion corresponds to 16,236,647 €.

2. MODERATE

The moderate scenario contemplates an upward deviation of the construction costs estimated by the manager which raises the amount of the total costs to 16,903,689 €, maintaining the revenue forecast, with the total being 18,125,000 €. 

3. UNFAVORABLE

The unfavorable scenario contemplates an increase in construction costs and a drop in sales 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 more than 20 % and a reduction in sales prices equivalent to 10 % has been considered, which would result in a total revenue figure of 16,312,500 € and total costs of 16,474,580 € (reduced compared to the favorable and moderate scenarios as the payment of Corporate Tax is avoided by incurring losses).

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. As an example, in the FAVORABLE scenario, the calculation would be REVENUE FORECAST (18,125,000 €,) minus EXPENSE FORECAST (16,236,647 €) divided by the total Equity (4,000,000 €). The result of this quotient multiplied by 100 will be the percentage of profitability on the contributed capital of 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 sales 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 "Market Report", where you will find a study carried out by Solvilla.

WHEN WILL I RECOVER THE INVESTED MONEY?

The estimated term of this project is 26-30 months.

• First quarter 2026 – capital contribution.

• First quarter 2026 – start of execution works.

• Fourth quarter 2027 – End of construction works.

• Second quarter 2028 – Distribution of profits to investors.

It is important to bear in mind that in any real estate promotion, 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: 

• Extension of the project's planned deadlines, due to delays in marketing or provision of external financing.

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

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

• Possibility of changing 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 (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 on its Website is for informational purposes only and can in no case be considered as recommendations to investors.

The participatory financing 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 investment of the project, the period 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. 

The investment 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 sense, Urbanitae guarantees that the investments of any of these people will be made through the platform, under 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.