URBIX Methodology

At URBIX we believe that trust is built with transparency.

That is why we have developed a clear and rigorous methodology to evaluate each crowdfunding project we publish on ourplatform. Our goal is that both Real Estate Developers and Investors understand exactly how we determine the conditions of each transaction and what criteria we apply to assess the credit risk.

This methodology complies with all the requirements of Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European providers of equity finance services for companies. Furthermore, our operations incorporate the requirements set forth in the delegated regulations that implement this regulation, in particular Delegated Regulation (EU) 2022/2115, which specifies the methodology for calculating loan default rates, and Delegated Regulation (EU) 2022/2118, which details the rules for assessing credit risk and the policies applicable to the management of loan portfolios . All this under the supervision of the Comisión Nacional del Mercado de Valores (CNMV).

We work with non-automated evaluation models, which means that each project is analyzed individually by our team, combining objective data with the expert judgment of professionals in thereal estate and financial sector.

One of the most important aspects for any investor is to know how interest rates are set for each transaction. At URBIX we apply an objective methodology that takes into account several key factors of the project.

First, we analyze the amount requested by the developer. Larger transactions require a more exhaustive analysis and may involve different conditions than smaller projects. We also consider the expected duration of the transaction, as longer terms generally entail a higher level of uncertainty.

The third key factor is the risk profile. Here we assess both the characteristics of the developer and the real estate asset backing the deal. A developer with extensive experience and a solid track record of successful projects presents a different profile than a younger or less experienced company. Similarly, financing a residential project in an established area is not the same as financing a development in an area with lower demand.

We use specific calculation formulas for both fixed-rate and participative (fixed+variable) operations. These formulas integrate all the aforementioned parameters and allow us to establish interest rates consistent with the real risk level of each project. In addition, we periodically review our methodology to ensure that it remains aligned with market conditions and the current regulatory framework, including the technical standards defined by the European Securities and Markets Authority (ESMA).

Credit assessment is at the heart of our selection process. In accordance with the provisions of Delegated Regulation (EU) 2022/2118, we employ a decision tree-based system that combines the analysis ofqualitative and quantitativefactors to obtain a complete picture of the risk associated with each transaction.

All the information we receive from the developer is cross-checked with official sources such as the Bank of Spain's Central Risk Information Center ( CIRBE), Mercantile and Property Registriesand databases of the Autonomous Communities. This independent verification allows us to confirm the veracity of the data provided and detect possible inconsistencies.

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The result of this process translates into a risk rating ranging from AAA, for projects with very low risk, to D, reserved for operations with extreme risk. This scale allows investors to easily compare projects and make informed investment decisions, knowing at all times the level of risk they are assuming and the expected return based on that risk.

In addition, we apply the methodology for calculating default rates established in the Delegated Regulation (EU) 2022/2115, ensuring consistency and adequacy in the data used for the evaluation.

Credit risk management and calculation.

At URBIX we believe that trust is built with transparency.

How we determine prices and interest rates

How we evaluate the solvency of each project

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