"For the acquisition of the asset, DEXTER can provide financing of up to 60% of the purchase price".
It is a trend that is becoming more and more established in Spain and in which entrepreneurs linked to the real estate sector do not fail to see opportunities and margins. This is 'house flipping', which not only has the purpose of giving a second chance to a property, but also to revalue it and generate business.
Every day, more and more entrepreneurs are acquiring a property of flats or flats, renovating them and marketing them after the aforementioned refurbishment. So much so that DEXTER has become a reference throughout Spain for this type of operation, especially in urban environments but also along the coastline.
For the acquisition of the asset, DEXTER can facilitate the financing of up to 60% of the purchase price. From that point onwards, when construction or renovation work begins, and through certifications, up to 100% of the construction budget can be financed.
The secret of house flipping operations, according to the analysis of the company's Chief Risk Officer, José Enrique Chasserot, "It is not only in acquiring very cheap properties because they are in poor condition or deteriorated, but in buying properties at a well-negotiated price and 'upgrading' them with a relatively controlled investment that adds great value to the asset and a very significant increase in price. This is what is happening in the big cities".he concludes.
Entrepreneurs are pulling in a very special way in these projects not only architects but also interior designers, who work with enormous professionalism on the aesthetic facet of the works. Private capital, channelled through alternative financing, is playing a key role here.
