MORTGAGE-BACKED LOAN - C/ BENAVENTE NO. 43, GROUND FLOOR, URB. SOTOGRANDE

Description

Single-family home · C/ Benavente 43, Urb. Sotogrande, San Roque (Cádiz) 30/09/2026 · Version 2.3 Confidential document — for recipient's exclusive use Entity registered with the Bank of Spain (D552) Investment Memorandum · Sotogrande · Confidential · 30/09/2026 · V2.3 1. Opportunity Summary Ondara Capital, S.L. is offering participation in a first-lien mortgage-backed loan on a single-family home in Urb. Sotogrande (San Roque, Cádiz). The borrower, a private entrepreneur, acquired the home in May 2026 without financing and is requesting a bridge loan to undertake its complete renovation and expansion before selling it. The investment is structured through participation accounts with Ondara Capital, S.L., in 10 participations of €43,510 each. Loan Principal: €435,100.00 Participations: 10 x €43,510.00 Estimated Yield · Year 1: 12.00% annually Estimated Yield · Renewal Years: 14.00% annually (12% + 2% renewal fee) Term: 12 months, renewable 12 + 12 (maximum 36 months) Guarantee: First-lien mortgage LTV on appraisal: 36.1% LTV on purchase price (May 2026): 48.1% All yields in this document are estimated and not guaranteed. The operation is subject to the preceding conditions in section 6. 2. The Property Location: C/ Benavente 43, Urb. Sotogrande, 11310 San Roque (Cádiz) Type: Detached single-family home, ground and upper floor, with pool and garden Plot / built area: 1,148 m² / 261.65 m² Current Layout: 4 bedrooms, 4 bathrooms, service bedroom, living room, dining room, kitchen, and terrace Property Registry ID: 13,003 of the San Roque Property Registry Cadastral Reference: 2578328TF9127N0001XJ Condition: Vacant, free of occupants, and awaiting renovation. 2.1. The Development: Sotogrande Sotogrande is a low-density private development in the municipality of San Roque (Cádiz), next to the Mediterranean Sea and about 25 km from Gibraltar. It was founded in the early sixties by entrepreneur Joseph McMicking on an estate of approximately 1,800 hectares and is declared a National Tourist Interest Center. It is one of Southern Europe's premier residential enclaves known for its sports and leisure offerings: Real Club Valderrama, host of the 1997 Ryder Cup; Real Club de Golf Sotogrande (1963), designed by Robert Trent Jones; other courses like La Reserva and Almenara; a polo club with nine fields that hosts the Gold Cup every summer; the marina (1987), beach clubs, and international schools. It has about 10,000 permanent residents, a number that triples in summer. Idealista's average includes apartments and houses throughout Sotogrande; it is a general area reference, not a valuation of this specific home. Sources: idealista/news (23/03/2026) and idealista price report (August 2026). The home was purchased below the average price per square meter for the area before renovation, representing a favorable starting point for the guarantee. 2.2. Loan Purpose The borrower will allocate the funds to the comprehensive renovation of the home, its expansion by approximately 120 m² of built area, and the renovation of the pool and exteriors, with an estimated total budget of €650,000 (VAT included). After renovation, the borrower plans to sell the property; bank refinancing is the alternative exit strategy.

City

San Roque

Built Area

1,148 m²

Plot Area

262 m²

Year Built

2026

Energy rating

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