Gines · Residential build-to-sell
Bridge loan for the purchase of a residential asset in Gines (Sevilla) and for the VAT generated in the transaction.
The operation
In Gines, in Sevilla's Aljarafe area, the developer needed to finance the purchase of a residential asset and, in addition, the VAT generated on the sale, an item that banks do not usually cover.
The 2.5 million euro bridge loan integrates both items with an LTV of 38%, 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.