**NEXT OPENING ON MONDAY, MAY 11 AT 16:00 HOURS (UCT+2)**

*Click HERE to watch again the Webinar "Urbanitae up close - Retiro Project" that took place on Monday, May 11 at 11:00h (UCT+2)*

Retiro Project | Madrid

• Debt project in Retiro, Madrid

• Amount: €1,370,000 // Term: 12 months 

• 9.5% Simple annual interest

• Loan guarantees:

1. First rank mortgage on the underlying asset (130% liability).

2. First rank pledge on the shares of the borrowing SPV.

3. First rank pledge on the current accounts of the borrowing SPV.

4. Sales mandate and 100% cash sweep mechanism for amortization.

We present a new project that consists of the granting of a Loan aimed at partially financing the acquisition and renovation costs for the replacement and subsequent sale of an exclusive 189 m² flat, located in the consolidated Retiro neighborhood, Madrid.

The asset, located on the third floor of Antonio Acuña Street 19, has an interior built area of 171 m² and a built area including common areas of 189 m². The house is exterior and faces west. 

After a high quality comprehensive reform, the house will have 3 bedrooms, 2 bathrooms and a toilet and will be delivered fully equipped and furnished under the Home of Ambrose commercial brand. Positioning the house as a differential product, ready to move in. 

As it is a reform, the works will be processed via Responsible Declaration, eliminating any urban risk. 

The exit and repayment of the loan will be made through the sale of the underlying asset. The marketing will start after the acquisition of the asset through an off-market strategy with the support of agencies specialized in the luxury segment in Madrid. 

The asset is located in the Retiro neighborhood, in Madrid, next to Torre Valencia and just 300 meters from the Retiro Park. It is one of the most consolidated and demanded residential enclaves in Madrid due to its proximity to the Retiro Park, excellent connectivity and varied offer of services, restoration and culture.