Maslow Capital Finances Two Central Madrid Residential Schemes with €12.5m Loan
Pan-European real estate finance provider Maslow Capital has provided a €12.5 million loan to an SPV owned by Petrus Grupo Inmobiliario and Jamison Group, to support the development of two prime residential schemes in central Madrid.
The facility was arranged in collaboration with CBRE, which acted as adviser and introducer to the borrower, playing an integral role in securing the financing. The loan will fund the refurbishment of an existing building located near the Mercado de Antón Martín, as well as the development of six new luxury apartments within a prime asset located on Velázquez Street, in the prestigious Salamanca district.
The first scheme is located near the Mercado de Antón Martín, in the heart of Madrid, and is set to undergo a full-scale refurbishment. The development will deliver 18 modern apartments designed for corporate and short-stay rentals, along with two commercial units. Originally built in 1910, the property spans four levels and features an expansive interior courtyard that floods each home with natural daylight. Preliminary works have already commenced, addressing the demand for premium, hospitality-grade accommodation in one of Madrid’s most vibrant tourist districts.
The second scheme is an ambitious development in the Salamanca district. It will involve the vertical extension of an existing residential building, adding four new floors and delivering six premium residences with private amenities and open spaces. Capitalising on Salamanca’s reputation as Madrid’s most desirable residential quarter, the project is poised to offer exceptional living spaces in a prime location. The loan will support both the acquisition of air rights and the full development process, enabling the developer to realise its vision for the site.
Together, the two schemes will be developed over a 16-month period, with completion due in 2026. They directly respond to growing demand for high-quality urban living in Madrid – particularly in prime central areas where space is limited and supply remains constrained. CBRE forecasts that only half the required new homes will be delivered across Spain in 2025¹, underscoring the severity of the structural imbalance. In this environment, alternative finance providers like Maslow play a vital role in enabling experienced developers to deliver well-located, high-specification schemes that meet pressing housing needs.
This financing follows Maslow Capital’s recent €30 million bridging loan for the transformational redevelopment of La Ermita del Santo Shopping Centre into a major mixed-use residential neighbourhood – further highlighting Maslow’s growing presence and expertise in Spain’s living sector.
“This transaction exemplifies the breadth of our capabilities – supporting two distinct residential schemes through a combination of complex vertical expansion and the sensitive restoration of a 1910 building. The borrower’s strong execution track record – together with CBRE’s expert advisory input – gave us full conviction to back both projects. Building on the momentum of our recent €30 million loan to support the redevelopment of La Ermita del Santo Shopping Centre into a high-quality, mixed-use residential scheme, this deal reinforces Maslow Capital’s reputation as the capital partner of choice for complex living projects across Spain and wider Europe.”Roger Ramos, Head of Origination at Maslow Capital in Spain
“We are delighted to have secured finance and to move forward with our vision for these two prime sites in the heart of Madrid. Maslow Capital immediately grasped the nuances of two complex, simultaneous developments in the city centre, while also recognising the potential of each site. We are also pleased to have had CBRE involved throughout the process, whose expert advice proved invaluable in bringing the Bruno Rabassa from Petrus Grupo Inmobiliario
“Maslow Capital positions itself in Spain as a credible funding partner and a compelling alternative to traditional bank financing. Their ability to act with proximity – thanks to a local team – and tailor their approach to the specific requirements of each scheme has facilitated the successful completion of this transaction. In an environment where bank appetite remains constrained, it is important to offer developers the certainty and flexibility needed to deliver ambitious projects.”Ignacio Meylán Toboso, Head of Debt & Structured Finance at CBRE in Spain
