Sotogrande · Land acquisition
A developer financed the purchase of development land in Sotogrande, secured against the land itself. The initial 12-month loan was renewed for a further year. The company repaid it early through the sale of another asset.
Record in preparation. Available information is preserved and missing details are marked for completion.
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THE TRANSACTION IN FIGURES
The project at a glance.
- Funding
- 404,100 €
- Collateral value
- 1,388,114 €
- LTV
- 29.1 %
- Term
- 12 months + 12-month renewal
- Collateral
- Development land
- Location
- Sotogrande, Cádiz
- Profile
- Sociedad promotora
- Purpose
- Compra de suelo urbanizable
- Area / capacity
- To be confirmed
- Days to completion
- To be confirmed
- Exit
- Sale of another asset (completed)
- Status
- Repaid
LTV = funding / collateral value. Where available, days are counted from receipt of complete documents.
CONTEXT AND PROGRESS
The starting point
To be completed with information about the project.
The structure
A developer financed the purchase of development land in Sotogrande, secured against the land itself. The initial 12-month loan was renewed for a further year. The company repaid it early through the sale of another asset.
The outcome
Sale of another asset (completed)
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