***Click HERE to watch again the Webinar "Urbanitae up close - Ronda Nord Project", which took place last Monday, June 22***

Ronda Nord Project | Girona 

• Debt project in Sant Feliu de Guíxols, Girona 

• Amount tranche A: € 1,240,000 // Term: 18 months // 9 months of minimum guaranteed interest

• 10.0% Simple annual interest

• Loan guarantees:

1. First rank mortgage on the 28 homes that make up the Project. 

2. Promise of mortgage on the 28 parking spaces that make up the Project.

3. First rank pledge on the shares and bank accounts of the borrowing SPV.

4. Cash-sweep mechanism of 70% of the income derived from the sale of the homes for the repayment of the loan. The only permitted use of the 30% not swept will be reinvestment in the project, thereby increasing the value of the loan collateral for the benefit of Urbanitae investors.

5. Equity Commitment Letter granted by the developer.

We present a new project that consists of granting a loan to partially finance the construction costs and general costs of an ongoing residential development of 28 multi-family homes with parking spaces distributed in two blocks, garden and community pool, located in the municipal territory of Sant Feliu de Guíxols, Girona, one of the most relevant municipalities of the Costa Brava.

The project has a Building License and the construction, already started and currently underway, has reached a 25% degree of progress to date.

The asset is located at Ronda Nord 37, in the upper part of the municipality of Sant Feliu de Guíxols, in a consolidated residential area about 6 minutes by car from the city center and the beach. It is a quiet and familiar environment, with close access to supermarkets, schools and the main connection routes to Girona and Barcelona. Also, the upper floors of the building have sea views.

Sant Feliu de Guíxols is a consolidated municipality of the Costa Brava, strategically located a few minutes from Girona and with quick connection to Barcelona. It stands out for being a coastal town with a consolidated residential activity and a location that combines the Mediterranean landscape with quick access to the main urban centers of the region.