Pre-opening | SEGO Real Estate finances the acquisition and refurbishment of a home in Aloha Golf, Nueva Andalucía (Marbella) through a €400,000 loan at 11.50% with a first-rank mortgage

31/07/2026 – ⏱ 3 min

This article is for informational purposes only and does not, under any circumstances, constitute investment advice or a recommendation.

The crowdfunding platform SEGO Real Estate is preparing to launch a real estate investment opportunity on the Costa del Sol. The operation consists of a loan secured by a first-rank mortgage granted to the developer Real Deal Estates Realty Group, S.L., intended to finance the acquisition of a townhouse located in the Sitio de Peñablanca development (Aloha Golf), in Nueva Andalucía (Marbella). This is an already-built asset on which an aesthetic refurbishment is planned to support its sale. It is worth recalling that any reference to returns is inseparable from the corresponding risk, which is detailed further below.

The call sets a funding target of €400,000 and a fixed annual return of 11.50%, equivalent to a total return of 17.25% on the capital invested over the term; this estimate is subject to investment risk and is not guaranteed. The term has been set at 18 months, with full repayment of capital and interest in a single payment at maturity. The contract provides for a late-payment interest rate of 16.00%.

Asset Description, Business Plan and Exit Strategy

The asset is an already-built townhouse in a used state of preservation, located at Avenida del Golf, Sitio de Peñablanca development (Aloha Golf), no. 51, Nueva Andalucía, Marbella (Málaga). The purchase price of the property is €363,000, while the planned refurbishment — aesthetic in nature and with an estimated cost of €40,000 — will be financed entirely by the developer with its own funds, without recourse to the financing subject to this operation. Unlike a ground-up development, the work starts from a finished property, which reduces execution risk.

The business plan involves the sale of the property once the refurbishment is complete, with an estimated target sale price of around €590,000, in line with recent comparable sales in the same area, where similar refurbished townhouses are marketed between €550,000 and €695,000. The developer, Real Deal Estates Realty Group, S.L., is a company dedicated to the development, repositioning and marketing of residential assets in Marbella and prime areas of the Costa del Sol, and according to the fact sheet has previously carried out projects financed through the platform with early repayment of capital. The location, in an established development in Nueva Andalucía close to Puerto Banús, sits within a residential market with domestic and international demand.

Financial Structure, Coverage Ratios and Collateral

The main collateral of the operation is the registration of a first-rank mortgage over the residential asset. According to the official valuation report issued by Tinsa Tasaciones Inmobiliarias, S.A.U., the value of the home amounts to €551,572.74. The loan amount requested (€400,000) represents approximately 72.5% of that valuation, resulting in a Loan to Value (LTV) ratio of 72.5%. Repayment of the loan is planned through the sale of the asset after the refurbishment, with an estimated sale value of around €590,000. Additionally, the developer contributes its own capital to the project by fully financing the refurbishment (€40,000) with its own funds.

In compliance with European crowdfunding regulations, it is recalled that non-sophisticated investors have a pre-contractual reflection period of four calendar days during which they may withdraw their investment offer without justification or penalty. This is a crowdfunding product and not a deposit or a guaranteed savings product. Real estate investments carry risks of illiquidity and total or partial loss of principal; this project is not supervised by the CNMV or the Bank of Spain, and is not covered by the deposit guarantee scheme (Directive 2014/49/EU) or the investor compensation scheme (Directive 97/9/EC).

Realty Investor

Our calendar brings together crowdfunding opportunities from across Europe in one place, so you can plan and follow each issue.

Realty Investor

Your real estate crowdfunding, in one app.

Discover new opportunities. Invest through leading platforms. Manage your whole property portfolio from a single place.

The Realty Investor beta is now available. Explore the market, discover new projects and get to know the platform with simulated money, without putting in any capital.

Download the beta and start discovering a new way to manage your real estate investments.