Madrid

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%

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