Private equity developer loans, one of the star products of 2024
The real estate development sector has become increasingly professionalised in recent years. It is now difficult to see in the market the gross errors that largely led to the crisis of 15 years ago, and from which it has by no means been easy to emerge.
Traditional banks look very closely at development and construction lending, especially when there are not a high number of pre-sales, and here a large gap has opened up for alternative private equity financing.
Without personal guarantees, without linked products, all financing in this field is guaranteed by the real estate project being developed, certification by certification, without collateral.
DEXTER has become a leader in recent years in providing credit to finish paying for final land, with project and licence, as well as credit to the developer, under conditions of maximum flexibility and with immediate contribution once the feasibility study has been completed, in the residential, hotel and commercial sectors, among others.
From the company's Business Development department, Julen Jareño points out that "when there is a commercial force in the development, reservations are not necessary, we come in from minute one. Then it is the developer who obtains the necessary resources over time and cancels or it is the traditional bank when, with high pre-sales, it agrees a longer-term mortgage with the developer and cancels us", concludes Jareño.
The private equity developer loan, one of the star products of 2024
The real estate development sector has become increasingly professionalized in recent years. It is now difficult to see in the marketplace the gross errors that largely led to the crisis of 15 years ago, and from which it has by no means been easy to emerge.
Traditional banks are looking closely at loans for development and construction, especially when there are not a high number of pre-sales, and here a large gap has opened up for alternative financing with private capital.
With no personal guarantees, no tied products, all financing in this field is guaranteed by the real estate project being developed, certification by certification, without collateral.
DEXTER has become a leader in recent years in providing credit to finish paying for final land, with project and license, as well as credit to the developer, under conditions of maximum flexibility and with immediate contribution once the feasibility study is passed, both in the residential, hotel and commercial fields, among others.
From the company's Business Development Department, Julen Jareño points out that "when there is a commercial force in the development, reservations are not necessary, we enter from minute one. Then it is the developer who obtains the necessary resources over time and cancels or it is the traditional bank when, with high pre-sales, it agrees with the developer on a longer-term mortgage and cancels us", concludes Jareño.
