Málaga · Hospitality
Financing for the construction of a five-star, 194-room hotel complex on the Costa del Sol.
The operation
A five-star hotel complex with 194 rooms in Málaga, developed by a developer with more than 800 million euros in completed transactions and operated by a leading international operator.
The 51 million euro development loan finances the construction of the complex, with drawdowns linked to construction progress. It is one of the largest transactions in our portfolio by amount.
The exit is bank refinancing once the hotel is operational and generating income.
3 cases with a comparable structure in other markets.
Málaga
OngoingResidential build-to-sell · 5 luxury villas
Financing for the land purchase, the VAT generated on the sale and the construction of five luxury villas.
Sevilla
CompletedResidential build-to-sell · 30 apartments
Financing for the conversion of an office floor into 30 apartments and for the VAT arising from the purchase.
Rivas-Vaciamadrid
CompletedAlternative living · 251 apartments
Financing for the construction of 251 tourist apartments and 16 retail units, with more than 60% sold before closing.