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.
