We do not rule out projects based on their type: we assess them on their viability.
Residential for sale and for rent, hotels and the new ways of living.
01
Residential development for sale, where the loan is repaid with the proceeds from the handover of the homes. It is the largest asset type in our portfolio by volume.
02
Residential for rent, where pre-sales are not possible and the project is financed on the basis of viability. Once stabilised, the asset can be refinanced with an Investment loan.
03
Hotels and aparthotels, both new-build and repositioning of existing assets. We finance the acquisition, the conversion and, once operational, the refinancing of the asset.
04
Coliving, flex living, serviced apartments and short- and medium-stay accommodation. Alternative residential models that traditional banks rarely fit into their risk policies.
Answers to the most common questions about alternative real estate financing.
We work with tickets from €7 million upwards. The final amount depends on the asset, the business plan and the structure of the deal: each case is analysed individually.
No. Pre-sales are just one more factor in the analysis, not a prerequisite. We assess location, product, the development team and the viability of the business plan as a whole.
A description of the project, its location and planning status, the cost budget, the sales or operating plan, and information about the development team. That is enough for an initial assessment.
We assess land with a permit already granted or at an advanced stage of processing, within a deal that has a clear business plan. Each case is studied individually.
As a reference, between €7 and €50 million per deal. The final amount depends on the cost and value of the asset, the business plan and the agreed structure, and does not constitute a binding offer.
Up to 80% of the total cost of the deal (LTC) and up to 50% of the asset's appraised value (LTV). The more restrictive of the two limits applies, and the remainder is provided as own equity.
Our minimum ticket is €7 million per deal, across any of the four solutions. As a reference, the bridge loan goes up to €50 million and the development loan up to €100 million; for the whole loan and the investment loan, the amount is defined deal by deal.
Residential build-to-sell and build-to-rent, hotel and alternative living (coliving, flex living, serviced apartments and student housing), in Spain and Portugal. We do not rule out a project because of its type: we assess it on its viability and on the quality of the developer.
Even better. Tell us about it and we will analyse it on its merits.