Campaign Close | Urbanitae completes the €1,310,000 raise for Tranche B for the construction of a villa in Sierra Blanca, Marbella

22/07/2026 – ⏱ 4 min

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

The crowdfunding platform Urbanitae has issued the closing report for the second tranche (Tranche B) of a loan formalized in June 2026, intended to finance the outstanding construction costs and furnishings (FF&E) of a villa in the Sierra Blanca development, in Marbella. The subscription process has concluded, consolidating an amount raised of €1,310,000, the entirety of the amount planned for this tranche. Investors should keep in mind that any reference to return is inseparable from the corresponding risk, which is described below.

The campaign completed its €1,310,000 target in a period of 1 day. The analysis of the flow of contributions during that interval records an average contribution ratio of €910 per minute.

Investor Base and Capital Distribution

The campaign concluded after registering the participation of 926 investors, who covered the entire amount assigned to this tranche. The distribution of the funds raised among that number of contributors yields an average investment ticket of approximately €1,415 per participant.

Financial Terms of the Operation

The operation is structured via debt: Urbanitae investors grant a fixed-rate loan to the project's special-purpose vehicle. The total gross loan amounts to up to €9,990,000, committed in three tranches. Tranche A, of up to €7,340,000, was formalized in June 2026 —€2,340,000 contributed by Urbanitae investors and €5,000,000 by external co-investors—. This Tranche B, of €1,310,000, is intended to finance part of the construction costs for the next three months; a Tranche C of up to €1,340,000 remains pending for the costs through to completion.

Tranche B offers a simple annual interest rate of 10.25% and a term of 16 months, with an option for two 6-month extensions (at months 16 and 22); the second extension would entail an increase of 100 basis points in the rate, to 11.25% per annum. This return is subject to investment risk and is not guaranteed. Interest and principal are paid at maturity, accruing from the formalization of the contract, and total early repayment is allowed at any time subject to a minimum return equivalent to three months of interest (make-whole). The portion of the loan for construction works is drawn monthly against certifications, subject to a favorable report from the Project Monitor. In compliance with the European regulatory framework, non-experienced investors have a four-calendar-day pre-contractual reflection period during which they may revoke their commitment at no cost and without justification.

Asset Description, Construction Progress and Exit Strategy

The asset is a new-build single-family villa with a total built area of 2,032 m² on a 2,025 m² corner plot. The home will have 7 bedrooms, 8 bathrooms, a cinema room, a wine cellar, a wellness area with spa, a gym, indoor parking and a landscaped area with a pool. The project has a building permit in force over fully developed urban land and construction, carried out by a local contractor, shows progress of over 65%. The villa is located in Sierra Blanca, a gated development on Marbella's Golden Mile, 3.3 km from the Golden Mile, 5.3 km from the center of Marbella and 9 km from Puerto Banús.

According to the timeline provided by the platform, completion of the works is expected in the third quarter of 2026, delivery of the home in the first quarter of 2027 and the sale of the villa, with the consequent repayment of the loan, in the fourth quarter of 2027. The investors' exit will occur through the sale of the villa, whose target price amounts to €25 million; marketing will be carried out through the developer's direct channels and a selection of five Marbella agencies, under an invitation-only model. The developer is a family firm with more than 40 years of track record on the Costa del Sol, which has committed capital of approximately €3.7M already invested in the project.

Coverage Ratios and Collateral

According to the platform, the LTV stands below 44% on the latest available appraisal (€22.24M, June 2026) and at around 40% on the target sale price (€25M). The collateral package includes a first-rank mortgage over the financed property, with a mortgage liability of 130% of the principal; a first-rank pledge over the shares of the developer company; a first-rank pledge over the project's bank accounts, including the VAT account; an Equity Commitment Letter by which the developer undertakes to cover with its own funds any cost overrun not contemplated in the business plan; and an irrevocable sale mandate in favor of investors, activatable upon default, material breach or failure to repay at maturity, with a minimum sale price equivalent to 80% of the latest available appraisal. The project incorporates the Project Monitor figure, and the platform indicates that a technical due diligence and a commercial due diligence have been carried out by external agents, with favorable reports.

Finally, in compliance with the regulations governing crowdfunding platforms, investors are reminded that this is a participatory financing product and not a deposit or a guaranteed savings product, and that real estate investments carry specific risks, such as illiquidity, the risk of not obtaining the expected return, or the partial or total loss of the invested capital. This crowdfunding project is not supervised by the CNMV or the Bank of Spain, and the information provided has not been reviewed by these institutions. Likewise, the invested capital is not covered by the deposit guarantee fund or the investor compensation scheme.

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