Case study: Madrid | Serviced Apartments - Xenia Capital

Madrid | Serviced Apartments

€25M | Development Loan

Financing of asset acquisition and development of 170 serviced apartments

Loan Amount

€25M

Term

36 months

Leverage Levels

LTV

0%

LTC

0%

LTGDV

0%

LTV

0%

0 100%

LTC

0%

0 100%

LTGDV

0%

0 100%

Purpose

Finance the acquisition of the asset and its conversion from an office building to 170 serviced apartments

Exit

Bank refinancing once asset is operational

Key Points

Location: Madrid centre
Leading developer in the area with over 1,900 similar units delivered
Increasing demand for this type of asset while current offer is practically nil