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 October 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.
Local data
Price data
Transfer tax in Spain is set by each autonomous community, not centrally — the same €1m purchase costs materially more in some regions than others. These are the figures that apply to a Costa del Sol purchase.
Official price per m² and purchase taxes for Costa del Sol, Q2 2026
Source for price per m²: Ministerio de Transportes y Movilidad Sostenible (MITMA), Valor tasado de la vivienda libre, Q2 2026 (published September 2026). Figures are the official average bank-valuation price of private housing (vivienda libre), in euros per m², for municipalities over 25,000 people or, where a town is not published, the province or region shown. Valuation prices usually sit below portal asking prices. Tax rates are the headline rates published by each autonomous community. Guidance only — not tax or legal advice; confirm the rate applying to your purchase with your Spanish lawyer. View the official MITMA data · Compare all 30 Spanish locations · Data disclaimer · How we compile these figures.
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 · Dutch Buyer Mortgage
€1.2m purchase · €840,000 mortgage · 70% LTV
A Dutch entrepreneur secured a €840,000 mortgage at 70% LTV on a €1.2m Marbella home, keeping capital free for his business and investments instead of buying with cash.
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.
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.
Currency exchange
Development equity, contractor payments and staged costs are paid in euros over months. Our currency partner can help you plan staged or forward transfers so the scheme’s margin isn’t eroded by exchange-rate moves.
Clifton introduces clients to a specialist currency partner and does not hold, convert or transfer client funds.
Explore the currency service
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.