Sevilla Residencial

Sevilla | Residential

€4M | Development Loan

Financing for the conversion of an office building floor into 30 residential units and for the VAT derived from the purchase

Loan Amount

€4M

Term

24 months

Leverage Levels

LTV
0%
LTC
0%
LTGDV
0%

LTV

0%

0 100%

LTC

0%

0 100%

LTGDV

0%

0 100%

Purpose

Development of 30 multifamily units

Exit

Refinancing through the delivery of the units

Key Points

  • Conservative leverage ratios
  • Experienced developer
  • Development 23% presold before financing
  • Build license granted