Rivas Vaciamadrid

Madrid | Serviced Apartments

€18.8M | Development Loan

Development financing of 251 serviced apartments

Loan Amount

€18.8M

Term

30 months

Leverage Levels

LTV
0%
LTC
0%
LTGDV
0%

LTV

0%

0 100%

LTC

0%

0 100%

LTGDV

0%

0 100%

Purpose

Development of 251 serviced apartments and 16 retail units

Exit

Refinancing through delivery of the units

Key Points

  • Experienced developer
  • Conservative leverage ratios
  • Development 60% presold before financing