Click HERE to watch again the Webinar "Urbanitae up close - Azahar Paradise Project", which was held in July 2025 when the first phase of the project was presented on the platform”

Azahar Paradise Project II | Estepona, Malaga

•         Debt project in Estepona, Malaga

•         Amount Tranche B: 1,560,000 € // Term: 22 months

•         11.25% Simple annual interest

•         Total return Tranche B: 20.63% (make-whole 18 months)

•         Loan guarantees

1.      First rank mortgage on the asset

2.     Pledge of the shares of the SPV owning the asset

3.     Pledge of the bank accounts of the project's SPV

4.     Pledging of collection rights from two additional projects

We present the second tranche (Tranche B) of a loan formalized in July 2025 intended to finance part of the acquisition and construction costs of a development of 10 multifamily homes in Estepona, Málaga.

The project consists of the acquisition of five adjoining registry units and the development of a promotion of 10 multifamily homes distributed on the ground floor + 3 floors. 5 of the homes include a pool on the terrace and all of them include a garage and storage room. The typology of the finished product will be from 1 to 3 bedrooms. The design of the houses maintains the classic facade style of the old town of Estepona, but the qualities and finishes will be state-of-the-art.  Currently, 5 of the 10 homes are already reserved.

The project has a valid Building License on the registry property resulting from the grouping of the acquired registry units.

The promotion is located in the historic center of Estepona, being this the only new construction promotion in the entire historic center. Two minutes walking from the Clock Square and five minutes walking from the promenade, very close also to the new social center under development in the city.

Estepona, located on the Costa del Sol, is one of the main destinations in the entire province of Málaga and is appreciated for its mild climate all year round, relaxed atmosphere and quality of life. Among its attractions are more than 20kms of coastline with well-known beaches, the old town of the city with restaurants, bars, cobbled streets and artistic murals, and the marina with more gastronomic offer and craft markets.