The Promoter of this project is Urbania, a promoting, managing and investing company with extensive real estate experience. To date, it has developed projects worth over € 1.2 billion euros in Spain, Portugal and Brazil. It has a staff of over 150 professionals and operates across the entire real estate spectrum, from land development to the promotion of flex-living formulas. This is the third project on the Platform after the Sky Villas project (Ibiza), which has already been successfully returned to investors, and the Green Village project (Benalmádena), which is progressing as expected.

The promoter will commit about € 2,300,000 to our entry, intended to pay the deposits and costs derived from the purchase of the land. The loan from Urbanitae and the co-investors amounts to up to € 11,875,000 intended to finance the remaining amount of the land purchase.

Urbanitae investors will enter the project through the granting of a loan in a single tranche. This tranche will have a fixed annual rate of 12.50%.

The exit of the investors will occur through the granting of the Promoter Loan once the milestones required by the bank are reached.

STRUCTURE

This operation will be structured via debt, where Urbanitae Investors and co-investors will grant a fixed-rate loan to the company URBANIA RESI DEVELOPMENTS I, S.A.

The total amount of the loan will rise to € 11,875,000 financed by Urbanitae investors and external co-investors to the Platform. The total loan will be structured in a single tranche, whose main characteristics are the following (more information in the document "Fundamental Data of the Investment"):

• Total loan amount:  up to a maximum of € 11,875,000 committed by Urbanitae and external co-investors to the Platform, in a single tranche:

I. Single Tranche for an amount of € 11,875,000, of which € 5,000,000 will be financed by the Platform investors and € 6,875,000 will be financed by external co-investors to the Platform. Both amounts will go towards the acquisition of the land.

• Loan Term: 24 months.

• Interest rate: 12.50% per annum.

• The interest and principal of the loan will be paid at maturity (interest will start to accrue from the moment the loan contract is formalized).

Total early repayment will be allowed at any time, subject to a minimum guaranteed return for the Single Tranche equivalent to 15 months of interest. An extension of 6 additional months is allowed in month 24 up to month 30.

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

• First rank mortgage on the plot, underlying asset of the financing, with mortgage liability of 150% of the principal amount of the debt.

• Surety bond signed with a top-level insurance entity that guarantees the fulfillment of the Borrower's payment obligations.

• First rank pledge on the project's bank accounts, including the VAT account in which the supported VAT is reimbursed.

WHY INVEST?

There are several reasons to invest in this project:

• The underlying asset of the debt is an urban land of 25,383 m² with an appraisal value exceeding € 22M in a consolidated area of Mijas, Málaga on the front line of the coast.

• Broad experience of the developer developing similar projects in Spain and specifically in Málaga, with a solid track record that supports the project.

• The profitability that the investor will obtain will be 12.50% per annum, with a minimum return equivalent to 15 months of interest (15.625%).

• The project has a first rank mortgage guarantee on the land where the project is developed and a surety bond guaranteeing the fulfillment of the Borrower's payment obligations.

• The loan presents a solid LTV coverage ratio of 53.5% on the appraisal value of the land (ratio without interest).

MARKET

A market study has been carried out to determine if the selling 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 transacted commercial parks with their sales metrics.

WHEN WILL I RECOVER THE INVESTED MONEY?

The estimated term of this project is 24 months.

• Q2 2026, loan concession by Urbanitae investors to the developer.

• Q3 2026 – Q1 2027, Approval of the Urbanization Project and preparation of the Detail Study.

• Q2 2027 – Q4 2027, Approval of the Detailed Study, processing of the Building License and start of marketing.

• Q1 2028 – Q2 2028, Approval of the Building License, reaching the pre-sales threshold required by the bank, granting of the developer loan and refinancing of the Urbanitae investors' loan.

RISKS

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

• Risk of deviations in urban planning procedures, including the approval of the Urbanization Project, processing of the Detailed Study and obtaining the Building License. This risk is mitigated based on (i) the degree of progress in coordination and agreement between the different competent administrations for the approval of the Urbanization Project, and (ii) from the experience of the developer, specialized in this type of urban procedures and, in particular, on the Costa del Sol. Also, a technical Due Diligence has been carried out that validates the planned administrative calendar and the achievement of the planned milestones. . In any case, a few additional months of contingency have been included in case there was any deviation in time.

• Commercial risk in the sale of homes off-plan, consequently causing a delay in the repayment of the loan. This risk is mitigated by the high demand in the area and the experience of the Developer marketing this type of assets. Similarly, a commercial Due Diligence has been carried out that validates the commercial thesis of the developer.

• 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 (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 can in no case be considered as recommendations to 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 collection 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:

•             Partners of Urbanitae 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 in the project's investment area information 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.