The manager of this opportunity is NP GP, whose founding partners also founded a SOCIMI in 2018 specializing in the acquisition and management of income-generating real estate assets in Spain. They have over 50 years of combined experience in the real estate sector. They currently have 15 assets under management valued at over 80 million euros, including hotels, tourist apartments and senior residences. They have recently sold 4 senior residences. 

The project manager will acquire the asset with own funds, a mortgage loan granted by a top-tier financial institution and the participatory loans from its private investor and those from Urbanitae investors, disbursing own funds at the signing of c. 430,000 € (10% of the necessary capital of the company). 

The project consists of the purchase of the asset, to, in unity of act with the sale, formalize a lease contract with a professional operator of senior residences for its stabilization and subsequent sale to a property investor. The lease contract has a duration of 25 years and a minimum period of mandatory compliance of 15 years, with the tenant having the option to extend the lease contract in two extensions of 5 years. The lease contract includes very solid guarantees such as: i) bank guarantee corresponding to one year's rent and ii) 2 months of mandatory deposit

The manager has signed the earnest money contract in January and will attend the purchase of the asset throughout the month of March. The marketing process will start at the moment when the new tenant begins its operation and the buyer's profile will be a property/institutional investor

Urbanitae investors will enter the project through the granting of a single tranche participatory loan to finance part of the purchase and costs derived from it. The Loan will have a fixed annual rate of 10.0%. The participatory loan regime will allow investors to also obtain a variable interest participating, together with the participatory loan granted by their investor, in 65% of the profit obtained by the manager, derived from the rents received and the sale of the asset

The exit of Urbanitae investors will be made through the sale of the asset to a property/institutional investor.

STRUCTURE

This operation will be structured via debt (participatory loan), where Urbanitae Investors will grant a participatory loan to the company RG TORRES DE ALAMEDA, S.L.

The total amount of the loan amounts to 2,200,000 € to be fully financed by the platform through Urbanitae investors. The total loan is structured in a single tranche, whose main characteristics are the following (you can consult more information in the document "Fundamental Data of the Investment"):

• Total loan amount: up to 2,200,000 €, in a single tranche intended for partial financing of the purchase price of the asset and costs derived from the acquisition. 

• Loan term: 24 months with an option to extend 6 months in month 24.

• Both the principal of the loan and the interest derived from the loan will be paid at maturity (interest will begin to accrue from the moment of formalization of the loan contract).

Total early repayment will be allowed at any time, subject to the sale of the asset not being made at a yield (yield) higher than 6.75%. An extension of 6 additional months is allowed at month 24.

Regarding the main guarantees of repayment of said loan, the following is established in the debt contract: 

• Real promise of second rank mortgage on the asset being financed.

• Mandate to sell the asset in case of non-compliance.

• Veto/approval rights by Urbantiae for any sale at a yield higher than 6.75%.

WHY INVEST?

There are several reasons to invest in this project:

•    The underlying asset of the debt is a asset in Madrid.

•    The manager has over 50 years of combined experience developing this type of projects nationally and internationally, with 15 assets under management currently through the SOCIMI founded by the manager's partners.

•    The return that the investor will obtain will be 10.0% annually, with a variable return equivalent to a participation in 65% of the project's profits.

•    The asset operator is one of the main operators for this type of assets at a national level.

MARKET

A market study has been carried out to determine if the selling price proposed by the manager is reasonable.

There is information available about the market within the "Sales Witnesses" documentation, where you will find a list of houses for sale in the area.

WHEN WILL I RECOVER THE INVESTED MONEY?

The estimated term of this project is 24 months with a possible extension of 6 months in month 24.

• March 2026, loan concession by Urbanitae investors, asset purchase and start of the lease contract with the new operator.

• Q2 2026, start of marketing.

• Q2 2027, sale of the asset and repayment of the loan from Urbanitae investors, along with fixed and variable interests. 

RISKS

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

• Commercial delay in the estimated times for the sale of the asset that may cause delays in the repayment of the debt.

• 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 cancelled 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 in no case can it 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 the project's investment, the deadline for raising funds 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:

• Urbanitae partners 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 regard, 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 Urbanitae's Internal Code of Conduct, these investors are obliged to internally communicate these operations.

Once the investment in the project is closed, Urbanitae will provide information in the project investment area 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.