Lending
Capital for developers and investors, when the bank says no — or says it too late.
We provide bridge loans and mortgage-backed loans secured on Spanish real estate, and we back opportunistic deals. Our capital, our decision, our timeline: indicative terms within 48 hours, funding in 2–4 weeks.
Since 2017 · €160m+ of deals reviewed · €200k – €1.5m per loan
Bridge loans
Short-term liquidity secured on an existing asset: acquire before the bank closes, complete an auction, refinance maturing debt, release equity or cover a licence window.
Mortgage-backed loans
12-month loans to companies, secured by a first-ranking mortgage on real estate. Release equity from an unencumbered asset, fund works or a change of use, or working capital for a developer with assets but no bank line.
Opportunistic deals
When a plain loan does not fit: mezzanine or preferred equity behind a bank, joint ventures with developers, distressed purchases, partial stakes, assets with a problem to solve.
Lending criteria
- Loan size: €200k – €1.5m
- Security: first-ranking mortgage; second-ranking mortgage or share pledge for opportunistic deals. No personal guarantee required.
- Loan-to-value: up to 65%
- Term: 12 months. Early repayment allowed, with the first year’s interest due in full.
- Interest: fixed, agreed per deal
- Assets: residential and mixed-use; land with licence granted
- Geography: Spain — major cities
- Borrower: Spanish SL; newly incorporated companies accepted
- Exit: sale, bank refinance or completion of works
What we need to give you terms in 48 hours
- Asset: address, land registry note (nota simple), current use
- Project: budget, licence status, timeline, pre-sales if any
- Sponsor: track record, equity invested, other debt
- Exit: how and when we get repaid
How it works
- Enquiry. Send the basics through the form or by email. We answer within 48 hours with a yes, a no, or indicative terms.
- Term sheet. Within 5 working days: amount, pricing, security, conditions. You cover valuation and legal costs from here.
- Due diligence. Independent valuation (ECO appraiser), title and licence check, KYC on the company and its owners. Typically 2 weeks.
- Signing and funding. Mortgage deed before a notary; funds on signing or against drawdown certificates.
Example transactions
- €1.2m bridge loan — Residential building, Madrid. 60% LTV, 12 months. Funded the purchase while the bank completed its process; repaid on refinance.
- €900k mortgage-backed loan — Eight-unit building, Valencia. 58% LTV, 12 months; funded the works and was repaid on sale of the first units.
- €400k bridge loan — Equity release on an unencumbered rental building, Madrid, to fund the sponsor’s next acquisition. 50% LTV, repaid in 9 months.
- Opportunistic deal — Bank lends 60% of cost; sponsor has 25%. We fund the gap behind the bank.
FAQs
Do you fund ground-up development? Case by case, as an opportunistic deal: licence granted, an experienced sponsor, and funds in tranches against certified progress.
Do you need a personal guarantee? No. Our security is the asset, not you.
How fast can you fund? Terms in 48 hours; funding in 2–4 weeks once valuation and legal work are done.
Can I repay early? Yes. The first 12 months’ interest is due in full; after that, no penalty.
Who makes the decision? We do. LAMAR lends its own capital and that of its partners; there is no external credit committee.
Do you work with brokers? Yes. Terms are agreed directly with each introducer.
Send us the deal — we’ll tell you quickly if it works. Write to iker@lamar.es or use the application form.