CG Capital Europe has successfully closed a landmark financing deal for the reconversion of a residential building into an ultra-high-end project with 19 branded residences in Salamanca District, Madrid.

CG Capital Europe has acted as the exclusive financial and real estate advisor to the Owner of the Asset, on successfully structuring a senior debt facility for the acquisition and refurbishment of this iconic residential project in Salamanca District, Madrid.

This ultra-high-end residential project consists of the development of 19 branded residences with best-in-class amenities across a total GCA of c.8,000 sq.m., which will be operated by a world-class hospitality brand.

The financing has been successfully closed in an extremely challenging moment for debt markets, where lending criteria have become increasingly restrictive for many asset classes, projects, and financing purposes. Additionally, certain structural complexities regarding the acquisition process have been successfully addressed by CG Capital Europe, securing optimal terms and conditions for the buyer.

CG Capital Europe has designed and executed a private process to obtain the optimal financing structure, engaging multiple national and international financial entities (both banks and alternative lenders), securing several credit-approved term sheets, and ultimately closing the financing with a national bank.

CG Capital Europe has run the entire structuring and debt-raising process, providing full support to the Client throughout all phases, including due diligence and loan documentation.

This Transaction represents another example of CG Capital Europe’s highly successful track record, value-add services and its deep knowledge of real estate & corporate finance markets, having executed since 2012 some of the most relevant investment sale and financing transactions in the Iberian market, positioning the firm as one of the top strategic capital advisors in Southern Europe.