Urbanitae Raises €1,105,000 in 21 Seconds for 65 Storage Units in Prosperidad and Five Apartments in Alcorcón

19/10/2026 – ⏱ 2 min · By Realty Investor Editorial Team

568 investors covered the loan to SPV Torres 02 at €3,157,143 per minute, with both properties still under deposit contracts and no valuation or LTV disclosed

This article is for information purposes only and does not constitute investment advice or a recommendation of any kind.

Twenty-one seconds. That is how long it took 568 investors to raise €1,105,000 on Urbanitae to turn two commercial units in Madrid's Prosperidad district into 65 storage units, and a building in Alcorcón into five apartments. The average ticket was €1,945 and the pace €3,157,143 per minute: no other closing we have covered this month comes close to that speed.

The money does not go to a developer with its own balance sheet, but to SPV Torres 02, S.L., a company created specifically for this deal. Its manager has 22 collaborations with the platform and 15 projects repaid; the file does not explain what happened to the other seven. In June, SPV Torres 01 raised €725,000 for 66 storage units and two apartments on Paseo de los Olivos, also at 11% and over 18 months. This deal is 52% larger.

The storage units will occupy two commercial premises at 14 Calle Matilde Díez, where the licence is being processed through a responsible declaration and 10 of the 65 are already reserved. The apartments will come from a building at 3 Calle Tablas de Daimiel, with the change of use approved and the licence still pending. Neither property belongs to the borrower yet: both are under deposit contracts, and the loan funds the purchase and part of the works.

The deal is a loan: investors lend the money and the company repays principal and interest in a single payment at maturity, with a target interest rate of 11% a year and an 18-month term extendable by six more. If it repays early, it must still pay 18 months of interest, a contractual floor on remuneration that depends on the developer paying, not a guaranteed return. The security consists of two mortgage promises and a pledge over the company's shares; the security section does not specify the ranking, while the reasons-to-invest section raises it to first ranking. There is no valuation, no LTV, no total project cost and no figure for the developer's own equity.

The works are estimated at 16 months and the whole project at 18 including sales: that leaves around two months to sell the 65 storage units and the five apartments and repay the money, scheduled for the first quarter of 2028.

Investing in real-estate crowdfunding carries the risk of losing part or all of the capital: the money is locked up until maturity, returns are not guaranteed and there is no deposit guarantee fund cover. No security eliminates that risk, and the speed of a fundraise says nothing about how the deal will end. Non-sophisticated investors have four calendar days to withdraw their offer without penalty.

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