The project manager is Proprietes & Co, a family real estate group founded and led by Miguel Espada, with over 20 years of experience in the sector. The company specializes in the development of high-end resorts and luxury residential complexes in southern Europe and the Caribbean, and has a highly qualified team both technically and commercially. 

Throughout its trajectory, the group has developed projects worth over 500 million euros (GDV) and currently has a pipeline exceeding 1.5 billion euros, reflecting its solid experience and execution capacity in large-scale projects.

The Port Marseillan Project is the first project to be financed on the Platform with Proprietes & Co and, in addition, represents the first debt operation of Urbanitae in France, which represents a significant milestone in the platform's geographical diversification and internationalization strategy. 

The project consists of the real estate development of 56 “Branded Residences”, distributed in 34 villas and 22 garden suites, located in Marseillan, a coastal town in southern France. A location with great tourist and residential appeal.

The development is part of an exclusive residential complex on the front line of the coast, developed under the concept of “Branded Residences” and will be managed by an internationally renowned hotel operator, combining private homes with high-end hospitality services and standards. 

The project for the 56 villas currently has a valid building license and a level of commercialization that represents 39% of the total expected income, which demonstrates the good market reception and significantly reduces the commercial risk of the operation.

Urbanitae investors will enter the project through the granting of a loan granted in a single tranche to partially refinance the existing debt and cover the initial construction costs of the 56 luxury villas. 

The expected exit of the loan will be carried out by the priority assignment of income through notarial payment orders on the first disbursements committed by the buyers under the French VEFA system, which allows the purchase of homes off-plan through progressive payments as construction progresses and under a regulated framework

Also, the additional marketing of three units will allow the full repayment of the principal and accrued interest during the 24-month term, providing clear visibility of the exit strategy.

STRUCTURE

This operation will be structured via debt, where Urbanitae Investors will grant a fixed-rate loan to the company SCI PORT MARSEILLAN I.

The total amount of the gross loan will amount to 5,000,000 €, to be financed in its entirety by Urbanitae investors. 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"):

• Simple annual fixed interest rate of 12%.

• Total return of 24%. 

• Loan term: 24 months 

• 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).

Total early repayment will be allowed at any time, subject to a minimum interest return equivalent to 8 months of interest. 

Regarding the Main Guarantees of the loan, the following is established in the financing contract: 

• Notarial personal guarantee from the manager for an amount of 1 million euros

• Priority assignment of income through irrevocable payment orders before a notary for 17% of sales under the French VEFA system, which allows the purchase of homes off-plan through progressive payments as construction progresses and under a regulated framework

• Guarantee on another real estate project composed of eight residential plots valued at 20 M€ (VAT inc.), constituted as a trust under French legislation on 100% of the shares and collection rights of the owning company

WHY INVEST?

There are several reasons to invest in this project:

• Privileged location on the south coast of France, in Marseillan, with an exclusive residential product under the concept of "Branded Residences", with all licenses granted and in force, associated with a globally recognized brand and within a high-level tourist-residential complex.

• Consolidated local developer, with extensive experience in the development of luxury residential projects, second homes and similar "Branded Residences" products, which provides solidity and knowledge of the target market.

• High exit visibility, thanks to the high degree of progress in marketing (39% of turnover) and to the anticipated fund calls with buyers and the priority allocation of income through irrevocable notarial payment orders. The additional marketing of three units will cover the total repayment of the principal and accrued interest over a 24-month period.

• Attractive risk-return ratio, with an annual return of 12% and a minimum return equivalent to 8 months of interest.

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. 

WHEN WILL I RECOVER THE INVESTED MONEY?

The estimated term of this project is 24 months 

• April 2026, granting of the loan from Urbanitae investors and refinancing of existing debt 

• second quarter 2026, continuation of construction works and marketing of the homes

• first quarter 2028, completion of works and delivery of the homes

• April 2028, repayment and reimbursement of the Urbanitae loan

RISKS

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

• Construction risk derived from possible delays in the work deadlines necessary to reach the earthmoving phase, from which the irrevocable notarial payment orders corresponding to 17% of the sale price are executed. This risk is mitigated thanks to the developer's experience in the development of luxury residential projects and the figure of the Project Monitor who will carry out a monthly follow-up of the progress of the works. Also, the expected exit by Urbanitae investors does not contemplate the complete development of the project but to reach the earthmoving phase, significantly reducing the risk. 

• Commercial risk derived from a sales speed lower than expected, which could affect the loan repayment schedule. This risk is mitigated by the commercial progress already achieved, with 39% of pre-marketed income, as well as by the premium positioning of the asset, the backing of a prestigious international hotel operator and the high demand for second homes on the south coast of France. The additional marketing of three units will cover the total repayment of the principal and accrued interest over a 24-month period.

• 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 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 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.