**NEXT OPENING THURSDAY, MAY 28 AT 16:00 HOURS (UCT+2)**

*Click HERE to watch again the Webinar "Urbanitae up close - Cártama Project" that took place on Tuesday, May 26 at 12:30h (UCT+2), along with Rafael Rosado and Slavador Romero from SUBA*

Cártama Project | Málaga

• Debt project in Cártama, Málaga

• Amount: €1,360,000 // Term: 21 months 

• 10.75% Simple annual interest

• 18.81% Total Return

• Loan guarantees:

1. First rank mortgage on the underlying asset (140% 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. First rank pledge on the VAT account of the Project

5. Joint corporate guarantee granted by the parent company of the managing group

We present a new project that consists of the granting of a loan to partially finance the purchase, construction and general costs of an ongoing residential development (WIP) of 32 multi-family homes with parking and storage rooms, located in the municipality of Cártama, Málaga.  

The project has a Building License and the works will begin once the sale is completed, scheduled for the month of June. The degree of progress of the works to date is over 30%.

The asset is located on La Sierra Street, southwest of the municipality of Cártama, in a consolidated residential area just 4 minutes by car from the city center. It is a quiet and well-connected environment, characterized by single-family and low-density residential homes, with nearby access to services, shops and main connection routes.

Cártama is a growing municipality in the Guadalhorce Valley, strategically located a few minutes from Málaga and the Costa del Sol. It stands out for its quality of life, excellent connections and great residential projection, combining natural environment and urban proximity.