€357,798 purchase-option mortgage, Jávea

Occupiers with a purchase option

The clients already lived in the Jávea property as tenants and held an option to buy it. Traditional Spanish banks would not provide the required finance, but losing the funding window would also mean losing the opportunity to exercise the agreed purchase option on the home they occupied.

Private mortgage requirement

The transaction required a €357,798 principal advance, providing €329,313 net liquidity after the agreed costs. The facility ran for 12 months at a fixed rate of 13.50% using American amortisation, with an opening fee of approximately 7.96% of principal. It was sized to cover the purchase, release the sellers’ existing mortgage and meet associated fees.

• €357,798 private mortgage principal
• €329,313 net liquidity
• 12-month term at 13.50% fixed
• Purchase completed in under three months

Tailored funding approach

A specialist private lending platform considered the property security, exact funding requirement and agreed repayment strategy. The structure was negotiated around the purchase-option mechanics rather than forcing the case into criteria designed for a routine bank purchase mortgage.

Completed outcome

The facility was negotiated, signed and completed, enabling the clients to exercise their purchase option. Administrative work to release the sellers’ existing mortgage continued in parallel, and the whole transaction completed in under three months from the first approach. This was a private mortgage solution after bank declines, not evidence that every declined case will qualify for specialist finance.