Client area
Book a consultation
Real-estate bonds and equity: three ways to invest
Choose how to enter based on your amount and profile. The greater the commitment, the higher the return you can access. Here it is, broken down.
From EUR 1,000Invest from EUR 1,000 as an ordinary creditor, with economic rights linked to the project and registered in the Commercial Registry.
From EUR 10,000Invest from EUR 10,000 as a preferred creditor, backed by a first-rank mortgage over the asset.
From EUR 100,000Invest from EUR 100,000 as a shareholder of the SPV that owns the asset, with direct exposure to the property.
The estimated minimum and maximum IRR differ by class. The maximum depends on each project's outcome, is not guaranteed and acts as a return cap for Bonds; Equity has no IRR cap.
Participating Bonds
You lend money to the project and receive interest in return. You are an ordinary creditor: if something goes wrong, you are paid before the owners. Your payment right is registered in the Commercial Registry. It is the entry point, from EUR 1,000, with no maximum limit.
Bond Classes
| Class | Subscribed capital | Min. IRR | Max. IRR |
|---|---|---|---|
| BP10 | 1.000 € – 4.999 € | 10% | 14% |
| BP11 | 5.000 € – 9.999 € | 11% | 18% |
| BP12 | 10.000 € – 49.999 € | 12% | 22% |
| BP13 | 50.000 € – 99.999 € | 13% | 26% |
| BP14 | From 100.000 € | 14% | 30% |
How it protects you
Economic right linked to the asset, registered in the Commercial Registry and supervised by the CNMV through the ERIR.
- Guarantee
- Economic guarantee
- Registered in
- Commercial Registry and CNMV (ERIR)
- Your role
- Ordinary creditor
Mortgage Bonds
You also lend money, but with a first-ranking mortgage over the property registered in the Land Registry. You are a preferred creditor: the most protected creditor profile. From EUR 10,000, with no maximum limit.
Bond Classes
| Class | Subscribed capital | Min. IRR | Max. IRR |
|---|---|---|---|
| BH10 | 10.000 € – 49.999 € | 10% | 20% |
| BH11 | 50.000 € – 99.999 € | 11% | 23% |
| BH12 | 100.000 € – 249.999 € | 12% | 25% |
| BH13 | 250.000 € – 499.999 € | 13% | 27% |
| BH14 | From 500.000 € | 14% | 30% |
How it protects you
First-ranking mortgage registered in the Land Registry. Three legally required figures represent you: AGH, ERIR and CSO.
- Guarantee
- Mortgage guarantee
- Registered in
- Land Registry, Commercial Registry and CNMV
- Your role
- Preferred creditor
Ownership Equity
Here you do not lend: you buy. You become a shareholder owner of the company (SPV) that owns the property. You assume more risk in exchange for uncapped return potential. From EUR 100,000.
Equity Classes
| Class | Subscribed capital | Min. IRR | Max. IRR |
|---|---|---|---|
| EQ12 | 100.000 € – 249.999 € | 12% | No limit |
| EQ13 | 250.000 € – 499.999 € | 13% | No limit |
| EQ14 | From 500.000 € | 14% | No limit |
How it protects you
Direct ownership of the asset as a shareholder of the SPV. Your guarantee is the property itself, registered in the Land Registry.
- Guarantee
- Ownership guarantee
- Registered in
- Land Registry, Commercial Registry and CNMV
- Your role
- Shareholder owner
By investment tranche
Based on how much you invest, what guarantee backs your investment and what return each product may generate.
| Investment tranche | Guarantee | Participating | Mortgage | Equity |
|---|---|---|---|---|
| EUR 1,000 – EUR 4,999 | Participating loan | 10–14% | n/a | n/a |
| EUR 5,000 – EUR 9,999 | Participating loan | 11–18% | n/a | n/a |
| EUR 10,000 – EUR 49,999 | Mortgage loan | 12–22% | 10–20% | n/a |
| EUR 50,000 – EUR 99,999 | Mortgage loan | 13–26% | 11–23% | n/a |
| EUR 100,000 – EUR 249,999 | Mortgage loan or ownership | 14–30% | 12–25% | From 12%, no cap |
| EUR 250,000 – EUR 499,999 | Mortgage loan or ownership | 14–30% | 13–27% | From 13%, no cap |
| From EUR 500,000 | Mortgage loan or ownership | 14–30% | 14–30% | From 14%, no cap |
Estimated annual return (IRR). It is not guaranteed and is distributed through waterfall settlement.
Calculate your return
Estimate your minimum return by setting the capital to invest and the duration of your investment.
Mortgage Bonds · Preferred creditor
The estimate assumes you reinvest the returns generated each year.
Want to see which assets fit this profile?
Annual repayments are estimated and the calculation uses the estimated minimum return for each bond or equity class. It is not a guarantee of performance or financial advice. Actual returns depend on each transaction and are distributed through waterfall settlement.
Waterfall settlement, one single repayment
Although capital → return → surplus are settled in order, you always receive one single repayment per project.
Capital repayment
The first tranche always returns 100% of capital. No one receives profit before your capital is recovered.
Estimated minimum return
The minimum return for your class is paid, from 10% to 14% annual IRR depending on the amount.
Surplus sharing
Profit above that is shared 50% with Rentakia. Bonds have a maximum IRR cap; equity is uncapped.
Invest in Rentakia in three ways
as a participating bondholder, with a right linked to the property.
as a mortgage bondholder, with first-ranking real collateral.
as an owner of the asset through equity in the SPV.
