Development Finance — Marbella
Senior debt, stretch-senior and mezzanine facilities for residential and mixed-use schemes across Marbella — the Golden Mile, Sierra Blanca, Nueva Andalucía, Benahavís, Elviria and San Pedro.
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Last updated Reviewed by our Clifton International finance team.
In short
Marbella development finance funds villa construction, replacement villas and boutique apartment schemes, typically up to 65% of gross development value with staged drawdowns against certified works. Terms run twelve to thirty months and repay from sales or a term refinance.
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 Marbella purchase.
Official price per m² and purchase taxes for Marbella, 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
Facilities on 3–15 unit contemporary villa schemes in Nueva Andalucía, Benahavís and Elviria.
Funding for demolition-and-rebuild projects on Golden Mile and Sierra Blanca plots with strong end values.
Senior debt on small apartment schemes in San Pedro, Marbella town and the eastern corridor.
Land acquisition funded alongside construction where planning is granted or clearly deliverable.
UK, Nordic, US and Middle-Eastern developers funded via a Spanish SL with cross-border structuring.
Cheaper facilities that refinance completed Marbella stock and protect achieved pricing.
Borrower eligibility
Typical lending criteria
Indicative only. Actual terms depend on borrower profile, asset and lender criteria.
Recent transactions
Published transactions from our own case study library — select any to read the full brief.
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.
Mallorca · Development
€4.5m · 43% LTV · 36 days to funding
€4.5m developer loan at 43% LTV to complete a 6-unit residential building in a strategic Palma location. Funding delivered within 36 days.
Frequently asked
Boutique villa clusters in Nueva Andalucía, Benahavís and Elviria, contemporary replacement villas on the Golden Mile, and small apartment schemes in San Pedro and the town centre.
Typically 65–75% of total scheme costs on senior debt, with stretch-senior and mezzanine layers taking overall leverage higher on schemes with an experienced sponsor and contractor.
Yes — where a licencia de obra is granted or clearly deliverable, land and build can sit in one facility with staged drawdowns against certified works.
Yes. UK, Nordic, Middle-Eastern and US sponsors are regularly funded on the Costa del Sol via a Spanish SL, with sponsor or parent guarantees where the vehicle is new.
Off-plan and completion sales into the international buyer market, with a development-exit facility available to refinance unsold stock and preserve pricing.
An interest rate over Euribor plus an arrangement fee of 2%–5% dependent on project scenario, together with monitoring surveyor, legal and valuation costs.
Local coverage
Golden Mile, Puerto Banús, Nueva Andalucía, Sierra Blanca and La Zagaleta. We also arrange development 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 Marbella
Developers frequently move completed or income-producing stock onto commercial investment terms once the scheme stabilises.
Commercial finance on Marbella hotels, beach clubs, restaurant premises and Puerto Banús retail, sized on trading and rental income.
Short-term bridging in Marbella — Golden Mile, Sierra Blanca and Puerto Banús purchases, renovation and cash-out, completed in weeks.
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 debt for villa clusters, replacement villas and boutique apartment schemes across Marbella and Benahavís. A specialist will review your scheme and revert within one working day.