The project manager is Influence Property, an independent company specializing in real estate promotion and design. The management team has extensive experience in the real estate sector. In particular, one of the two joint administrators serves as the director of the Investment in Hotels and Leisure division in Europe for an international real estate investment fund.

The company has experience developing projects in the United Kingdom, Spain, and Italy. In the United Kingdom, it has carried out two operations of purchase, renovation, and sale of residential assets in London. In Spain, Influence Property acquired a plot in La Zagaleta (Benahavís), which it later sold after developing the project and obtaining the necessary licenses and permits for its development. Likewise, the management team has experience in the acquisition and renovation of hotels in Madrid and Rome.

The project consists of the demolition of an existing detached single-family home and the subsequent segregation of the plot into two resulting plots of 972 m² each, on which two semi-detached villas with a built area of 466 m² each will be developed.

The acquisition of the asset took place in 2005 through the promoter's own funds for an amount of 1,000,000 €, with the purpose of using it for personal use.

The project currently has a building license and segregation license in force. 

Work began in December 2024, once the loan agreement corresponding to tranche A was formalized. At present, the project is more than 46% complete, and the work is expected to be completed during the fourth quarter of 2026.

The marketing of the homes will begin in the coming months and will be supported by recognized real estate agencies specializing in the residential market of the Costa del Sol and Marbella.

Urbanitae investors will enter the project through the granting of the third tranche of the loan (Tranche C) which will have a fixed annual rate of 9.75% to finance the outstanding construction costs until the completion of the project. 

The exit of Urbanitae investors will be made through the income from the sale of one of the villas.

STRUCTURE

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

The project manager has requested a modification of the conditions originally agreed in the loan contract, in order to increase the gross amount of the loan to 3,805,000 €, which will be reflected in Tranche C. This increase is intended to improve the finishes and equipment of the homes, with the aim of raising their quality.

After the approval of the investors corresponding to Tranches A and B, the total amount of the loan will amount to 3,805,000 €, fully financed by Urbanitae investors. The total loan is structured in three tranches, whose main characteristics are as follows (more information in the document "Fundamental Data of the Investment"):

• Total loan amount: up to a maximum of 3,805,000 € committed in three tranches:

    I. Tranche A, for an amount of 1,050,000 €, formalized in December 2024.

    II. Tranche B, for an amount of up to 1,190,000 €, formalized in July 2025.

    III. Tranche C, for an amount of up to 1,565,000 € intended to finance the outstanding construction costs until the completion of the project. This tranche will have an estimated term of 8 months and an interest rate of 9.75% per annum.

• Tranche C will be disbursed through work certifications on a monthly basis.

• Loan term: 8 months.

• 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 guaranteed return for Tranche C equivalent to 8 months of interest. 

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

• First rank mortgage guarantee on the registered properties that make up the project through a guarantee agent.

• First rank pledge on the SPV's shares.

• First rank pledge on the SPV's bank accounts.

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

WHY INVEST?

There are several reasons to invest in this project:

• Set of two semi-detached villas located in Nueva Andalucía (Marbella) with a degree of progress of the works exceeding 46%.

• The return that the investor will obtain will be 9.75% per annum, with a minimum return equivalent to 8 months of interest (6.50%).

• The project has a first rank mortgage guarantee on the underlying assets to the financing

MARKET

A market study has been carried out to determine whether 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 8 months with a possible extension of 6 months in month 8.

• April 2026, granting of Tranche C by Urbanitae investors to the developer and continuation of construction works.

• Fourth quarter 2026, completion of construction and interior design works of the villas

• December 2026, sale of one of the villas and repayment of the loan granted by Urbanitae investors.

RISKS

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

• Delay in the sale of the homes that may cause delays in the repayment of the debt. This risk is mitigated as the marketing will be managed by several renowned real estate agencies in the area. 

• Risk of deviations in terms due to unforeseen events associated with construction. This risk is mitigated by having the figure of the Project monitor who controls and follows up on the development of the project. 

• 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 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 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 sense, 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.