DEXTER assists in the purchase of unfinished residential structures
It is an indisputable fact that as a result of the real estate crisis of 15 years ago, many residential buildings were left unfinished, with the structure barely erected or, in other cases, already well advanced (even closed) but not finished and not marketed.
The so-called 'skeletons' of that era still remain in some enclaves throughout Spain, more in coastal areas and second homes than in urban centres, and there are entrepreneurs who are seeing a clear opportunity in their purchase and completion.
DEXTER, in this type of operation, provides up to 50% of the capital for the acquisition of the asset, and then, by means of work certifications, provides up to 100% of the work budget precisely in order to deliver the development by putting it up for sale.
As the Risk Department's Senior Analyst, Rubén Miñarro, points out, "these are operations that we facilitate on a recurring basis; the approach is very simple: when the client gets a good purchase price for the asset, he is ensuring a good profit margin, and we quickly enter as financial partners in the two tranches, the purchase of the asset and the completion", concludes Miñarro.
The way out of these 'skeletons', thanks to alternative financing with private capital, is not exactly to demolish them.
DEXTER helps with the purchase of unfinished residential structures
It is an indisputable fact that as a result of the real estate crisis of 15 years ago, many residential buildings were left unfinished, with the structure barely erected or, in other cases, the work was already well advanced (even closed) but not finished and not marketed.
The so-called 'skeletons' of that era still remain in some enclaves throughout Spain, more in coastal areas and second homes than in urban centres, and there are entrepreneurs who are seeing a clear opportunity in their purchase and completion.
DEXTER, in this type of operation, provides up to 50% of the capital for the acquisition of the asset, and then, through work certifications, provides up to 100% of the budget precisely to deliver the development by putting it up for sale.
As the Risk Department's Senior Analyst, Rubén Miñarro, points out, "these are operations that we facilitate on a recurring basis; the approach is very simple: when the client obtains a good purchase price for the asset, he is ensuring a good profit margin, and we quickly enter as financial partners in the two stages, the purchase of the asset and the completion", concludes Miñarro.
The way out of these 'skeletons', thanks to alternative financing with private capital, is not exactly through their demolition.
