Development Finance — Costa del Sol
Senior debt, stretch-senior and mezzanine facilities for residential, mixed-use and hospitality-led schemes across Marbella, Estepona, Benahavís and Sotogrande — with staged drawdowns released against monitoring-surveyor certification.
Senior, stretch-senior and mezzanine debt for villa clusters, apartment blocks and rehabilitation across the Costa. A specialist will review your scheme and revert within one working day.
Last updated Reviewed by our Clifton International finance team.
In short
Costa del Sol development finance funds villa schemes, apartment blocks and resort projects from Marbella to Estepona, typically up to 65% of gross development value with staged drawdowns. Terms run twelve to twenty-four months, repaid from off-plan and completed unit sales.
At a glance
Figures reviewed:
Indicative figures for guidance only, correct as at July 2026. Rates, costs and timelines vary by lender, borrower profile, asset and jurisdiction, and are not an offer of finance. How we derive these figures.
Last reviewed . Read the full Key facts methodology, or speak to our team for a quote based on your circumstances.
Popular Spain finance
Why clients choose us
Structured facilities on 3–20 unit boutique villa schemes across the Golden Mile, Benahavís and Sotogrande.
Senior debt on mid-sized apartment schemes in Estepona, Nueva Andalucía and the wider Marbella area.
Refurbishment and repositioning finance on existing Costa del Sol villas, apartment blocks and hospitality assets.
US, UAE, UK and European developers welcomed — cross-border SPV structuring with Spanish counsel.
Development-exit facilities to refinance completed stock and remove pressure on sales pricing.
Spanish banks, international private banks and specialist real-estate debt funds active on the Costa.
Borrower eligibility
Typical lending criteria
Indicative only. Actual terms depend on borrower profile, asset and lender criteria.
Case studies
Real deals arranged — with the scenario, the structure and the outcome. Every transaction is different; these illustrate how we think.
€6m · 60% LTV · 18-month bridge
A completed 14-unit residential scheme required a bridge into a longer-term facility to avoid discounting units on completion of the senior debt.
Our specialist partners structured an 18-month bridge with interest retained, allowing the developer to sell units at target values without pressure.
Recent transactions
Published transactions from our own case study library — select any to read the full brief.
Estepona · Non-Resident Mortgage
€1.6m purchase · 70% LTV · primary residence
A 70% LTV Spanish mortgage was secured through a specialist partner for a UK tax-resident international professional relocating to a €1.6m primary residence in Estepona.
Marbella · Residential
€3.24m · 60% LTV · interest-only
€3.24m interest-only facility for a UK technology entrepreneur acquiring a €5.4m front-line beach villa in Marbella — application to offer in 4 weeks.
Benahavís · Bridge Finance
€3.62m · 13% p.a. · 18 + 6 months
€3.62m first-charge bridge arranged in weeks on a €4.5m Benahavís villa, underwritten purely on the asset and completed in time for the acquisition.
Frequently asked
Boutique villa clusters, small-to-mid apartment blocks and rehabilitation of existing stock across Marbella, Estepona, Benahavís and Sotogrande are actively financed by Spanish banks and specialist debt funds.
Typically 65–75% of total scheme costs on senior debt, with stretch-senior and mezzanine layers taking overall leverage higher on stronger schemes.
Yes — US, UAE, UK and European sponsors are regularly funded on Costa del Sol schemes, typically via a Spanish SL with cross-border SPV structuring.
Off-plan and completion sales into the international buyer market, with development-exit facilities available to refinance completed stock and preserve sales pace.
A demonstrable track record of comparable schemes — first-time-to-Spain developers with strong UK/European experience are considered case-by-case with appropriate structure.
Local coverage
Fuengirola, Mijas, Benalmádena, Marbella and Estepona. We also arrange property finance across the neighbouring areas below — one adviser, one conversation, whichever location you buy in.
Nearby covered areas
Not listed? We cover all of mainland Spain, the Balearics and the Canaries — tell us the town and we will confirm lender appetite.
Also in Costa del Sol
Developers frequently move completed or income-producing stock onto commercial investment terms once the scheme stabilises.
Commercial and investment finance on Costa del Sol hospitality, retail and mixed-use assets, including SPV-held portfolios.
Short-term bridging across the Costa del Sol for fast completions, renovation and equity release ahead of a term mortgage.
Related coverage
Lender appetite matrix
New-build off-plan — appetite across every buyer profile. Indicative panel appetite reviewed July 2026 — not an offer of finance.
UK buyer (non-resident)
Offer usually issued near completion, so stage payments come from own funds.
Buyer guideUS buyer (non-resident)
Long build timelines plus US compliance leave very few lenders.
US buyers & off-plan guideUAE / GCC-based buyer
Panel narrows; developers usually want staged cash before an offer exists.
Buyer guideEU buyer (non-resident)
Widest off-plan appetite of any non-resident profile.
Buyer guideSwiss / Norwegian buyer
Available, with the offer confirmed close to handover.
Buyer guideSpanish resident / fiscal resident
Developer-linked lending and subrogation of the builder's loan available.
Corporate / SPV purchase
Rarely funded before completion; bridging covers the gap.
Buyer guideRelated bridging & development finance
Dedicated landing pages for each bridging use case and development stage — with typical structures, eligibility and example transactions.
Time-critical acquisitions, auction, off-market and chain-break completions.
View pageRefinance existing Spanish debt, cancel embargoes and restructure onto cleaner terms.
View pageRelease equity from Spanish real estate to fund operating capital or growth.
View pageFast cash advance against Spanish property with a defined exit route.
View pageShort-term facilities for professional investors executing on Spanish opportunities.
View pagePartial land funding on consented and pre-consented sites, rolling into senior debt on planning grant.
View pageSenior debt for new-build residential and mixed-use schemes with staged drawdowns.
View pageRefurbishment and repositioning finance for existing Spanish buildings.
View pageFinance for schemes already under construction — completion funding and stretched senior.
View pageRelated services
Purchase finance for primary residences, second homes and holiday properties across Spain.
Learn moreSenior debt and stretched-senior facilities for residential and mixed-use schemes.
Learn moreInvestment and owner-occupier funding for offices, hospitality, retail and logistics.
Learn moreImproved terms, capital raising and exit refinance for maturing Spanish facilities.
Learn moreShort-term funding for acquisitions, auctions, chain-breaks and development exits.
Learn moreReady to explore your options?
Senior, stretch-senior and mezzanine debt for villa clusters, apartment blocks and rehabilitation across the Costa. A specialist will review your scheme and revert within one working day.