Madrid Lofts San sebastian

Madrid | Lofts (Phase II)

€21M | Development Loan

Development financing of 331 lofts

Loan Amount

€21M

Term

28 months

Leverage Levels

LTV
0%
LTC
0%
LTGDV
0%

LTV

0%

0 100%

LTC

0%

0 100%

LTGDV

0%

0 100%

Purpose

Development of 331 multifamily apartments

Exit

Refinancing through delivery of the units

Key Points

  • Location: Madrid
  • Leading developer in the area with over 2,000 similar units delivered
  • Conservative leverage ratios
  • Development 30% presold before financing