Villanueva del Pardillo · Residential build-to-sell
Bridge loan for the land purchase of a future residential development in Villanueva del Pardillo (Madrid).
The operation
The developer needed to close the purchase of residential land in Villanueva del Pardillo before obtaining the permit, the stage at which banks still do not finance.
The 2.1 million euro bridge loan covers the acquisition with security over the land itself. The natural exit is the development loan that will finance the construction.
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.