Valencia · Residential build-to-sell
Financing for the land purchase and construction of 27 homes in Valencia, with more than 70% sold at closing.
The operation
An experienced developer is building 27 homes in Valencia and needed to finance the land purchase and the construction in a single transaction.
The 4.9 million euro development loan is backed by a pre-sales level above 70% at the time of closing, which reduces the commercial risk of the project. The exit is refinancing upon delivery of the units.
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.
Madrid
CompletedResidential build-to-sell · 28 units
Financing for the purchase of a former office building in central Madrid and its full refurbishment into 28 homes.