Thursday, July 9, 2020
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Urbanitae Finances a Storeroom Development in Madrid Through Crowdfunding

The operation is based on a fixed-rate loan with a term of 12 months, a return for investors of 15% and the payment of interest upon maturity.

The participatory financing platform Urbanitae has raised a total of 250,000 euros from 68 investors in less than 4 hours to finance a development comprising 67 storage rooms in Madrid. The promoter of the project is a firm linked to Grupoanxon, a holding company.

The operation is based on a fixed-rate loan with a term of 12 months, a return for investors of 15% and the payment of interest upon maturity. Both the construction and marketing costs of the storerooms will be borne by the developer.

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