The project manager is VANGUARDIA 360º, a real estate promotion and consulting firm specialized in the Mallorca market. The group operates under a comprehensive management model that covers the entire promotion cycle: asset identification, legal and financial structuring, architectural design and execution of work for high net worth international profiles.

The company acts as a developer-builder, which allows direct control over execution and costs on the island, where the team has accumulated experience of more than 15 projects in the last 15 years. In the luxury segment of Mallorca, they have successfully completed two promotions of villas with similar characteristics in the last five years, consolidating their trajectory in contemporary design and the delivery of exclusive residential assets.

VANGUARDIA 360º focuses its activity on strategic locations in Mallorca. The current project is being developed on a plot of 7,655 m² acquired with own funds. It is a finalist urban land with a valid Building License, after obtaining the approval of the basic project in November 2024 and the execution project in September 2025.

The project promoter commits a total capital of c. € 950k. Urbanitae investors will enter the project through the granting of a mortgage loan committed in 2 tranches, to finance part of the construction costs. Tranche A will have a fixed annual rate of 10.5% and a term of 24 months with the option of a double extension of 6 months in month 24.

The exit of Urbanitae investors will occur through the sale of the house.

The marketing of the asset will be carried out by top-tier real estate agencies with which the promoter has previously collaborated to capture the international market, mainly German and Nordic customers. The marketing period will begin once an advanced degree in construction has been reached, as is usual in this type of assets.

STRUCTURE

This operation will be structured via debt, where Urbanitae Investors will grant a fixed-rate loan to the company VANGUARDIA 360 SEAVIEW VILLA S.L.

The total amount of the gross loan will amount to an amount of 2,040,000 € which will be fully financed by Urbanitae investors. The total loan will be structured in two tranches, whose main characteristics are the following (you can consult more information in the document "Fundamental Data of the Investment"):

• Total loan amount: up to a maximum of 2,040,000 €, committed in two tranches:

I. A first tranche or Tranche A, for an amount of up to 990,000 €, raised by Urbanitae investors. 

II. A second tranche or Tranche B, for an amount of up to 1,050,000 €, raised by Urbanitae investors.

• Simple annual fixed interest rate of 10.5% for Tranche A.

• Loan term: 24 months with the option of a double extension of 6 months in month 24.

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

Total early repayment will be allowed at any time, subject to a minimum return of interest for Tranche A equivalent to 11 months of interest. 

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

• First rank mortgage real guarantee on the property object of the financing, with Mortgage Responsibility of 140%. 

• First rank mortgage guarantee on the asset contributed by the Project Manager as additional real estate guarantee, with Mortgage Responsibility of 140%.

• 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 24 if the 1st extension does not occur, in month 30 if the 1st extension occurs and not the 2nd, in month 36 if both extensions occur or in the event of any breach of the loan.

As in all debt projects, the figure of the Project Monitor is incorporated into 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:

• First rank mortgage guarantee on the underlying asset, located in the prestigious Puntiró urbanization, Palma de Mallorca.

• The profitability is 10.5% per year, with a minimum return equivalent to 11 months of interest (9.625%).

• The asset has all licenses and permits in force 

• Experience of the manager-builder in similar real estate products in Mallorca and in the international market.

MARKET

A market study has been carried out to determine if the sale prices proposed by the manager are reasonable. In turn, a technical Due Diligence and a Commercial Due Diligence have been carried out by external agents who have 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 houses for sale in the area.

WHEN WILL I RECOVER THE INVESTED MONEY?

The estimated term of this project is 24 months with a possible double extension of 6 months in month 24.

• March 2026, loan grant by Urbanitae investors to the promoter for construction costs and general project costs.

• First quarter 2028, completion of construction works.

• Second-Third quarter 2028 sale of the villa 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 asset, 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 sale price established 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 promoter 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. Likewise, it is an experienced manager in similar real estate products in Mallorca.

• Risk of deviations in construction costs derived from unforeseen contingencies. To mitigate this risk, a contingency item has been included in the Business Plan that will be financed in the B Tranche of the loan to absorb possible cost overruns without compromising the financial viability of the project. 

• Possibility of change of the agreed conditions. This risk includes potential substantial changes that take place from the start 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 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 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 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 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.