Erandio · Residential build-to-sell
Bridge loan for the purchase of the land for a future residential development in Erandio, in the Bilbao metropolitan area.
The operation
In Erandio, near Bilbao, a developer needed to close the purchase of residential land for a future housing development.
The 3.8 million euro bridge loan, with an LTV of 34%, finances the acquisition with contained leverage, with exit through the development loan.
3 cases with a comparable structure in other markets.
San Vicente del Raspeig
CompletedResidential build-to-sell
Bridge loan for the land purchase of a future residential development in San Vicente del Raspeig (Alicante).
San Antonio de Benagéber
CompletedResidential build-to-sell
Bridge loan for the land purchase of a future residential development in San Antonio de Benagéber (Valencia).
Valladolid
CompletedResidential build-to-sell
Bridge loan that leverages a residential asset already on the balance sheet to release liquidity.