Property Finance International (PFI) in collaboration with partners Narval and Urbanitae have organized a €3M financing for a plot destined for a luxury new construction project in Mijas, Costa del Sol, Spain. The client had a previous bridge loan that needed refinancing from a new lender. After 3 months of negotiations we managed to sign a favourable deal for the client.
For a Madrid based client Property Finance International (PFI) have organized €7.4M in a debt solution for the purchase of a villa in Ibiza. This was a challenging project involving purchasing the company that owns the villa from a bankrupcy estate and organizing extra funding paying tax debts and other fees involved. After 4 months of negotiations PFI, in collaboration with our partners Sego Finance and financial group Phinom managed to succeeded in the total financing asked by the client.
Property Finance International (PFI) is engaged in organizing financing for property developers in the government controlled affordable living projects in Spain, the so called VPO (Viviendas de Protección Oficial) program. The first developer to receive financing through us is Nuvobis Living (www.nuvobis.com) who are aiming at starting 10 projects per year in the Spanish Andalucia region. Affordabe apartments will be produced both to sell and to rent, in projects between 80 – 150 apartments and an average total cost of €15-20M. PFI are organizing both equity and debt to developers focusing on multi family projects. Since the affordable living crisis in Spain is now on critical levels, we are very proud to support property developers with financing their affordable living projects.