Vertex Project | Madrid

• Debt project in Pozuelo de Alarcón, Madrid

• Amount Tranche A: € 1,310,000 // Term: 20 months 

• 10.5% Simple annual interest

• 17.5% Total profitability

• Loan guarantees:

1. First rank mortgage on the registry properties corresponding to the 3 homes (140% liability).

2. First rank pledge on the shares of the borrowing SPV.

3. First rank pledge on the current accounts and the VAT account of the borrowing SPV.

4. 100% cash-sweep mechanism for amortization.

We present a new project that consists of the refinancing of the existing loan that burdens the parent property, which will be subject to segregation into three resulting properties, as well as partial financing of the construction costs of three luxury townhouses on the resulting plots, located at Calle El Plantío 7, Pozuelo de Alarcón (Madrid).

After construction, each villa will have an interior built area of between 310 m² and 331 m², distributed over a basement, two main floors and an attic, all with private gardens and individual pools. 

The project has a Building License officially granted by the Pozuelo de Alarcón City Council on a finalist urban land. Since the demolition works have already been carried out and the foundation works have already begun, the action is fully underway and urbanistically validated.

The exit and repayment of the loan will be made through the cash flow derived from the formalization of the deeds of sale of the units. The project has a commercial risk practically mitigated, since 2 of the 3 units already have formalized reservation contracts.

The property is located in Pozuelo de Alarcón, consolidated as the municipality with the highest per capita income in Spain. Specifically, it is located in the demanded "Station Zone", a residential environment characterized by excellent connectivity (with immediate access to the A-6, M-40 and proximity to the Aravaca and Pozuelo Commuter stations) and its proximity to international prestige educational centers and reference commercial areas. It is one of the most coveted enclaves by high-income families where the supply of new construction is practically non-existent, which structurally ensures the maintenance of the asset value.