Maslow Capital provides €44.2 million in financing for the development of a residential scheme in Marbella
- The loan will finance the construction of an 88-home residential scheme in Elviria, one of the fastest-growing residential areas in Marbella East. The development is being delivered by a group of investors led by ConceptHomes, with the participation of Urbanitae.
Maslow Capital, a leading pan-European provider of real estate finance, has provided €44.2 million in financing for the development of a residential project promoted by ConceptHomes in Elviria, Marbella, Málaga.
The financing will support the construction of a project comprising 88 apartments across 11 blocks, as well as 203 parking spaces and 88 storage rooms. The development is aimed at the high-end second-home market and responds to strong international demand on the Costa del Sol.
Located in Elviria, one of the fastest-growing residential areas in Marbella East, the development will include swimming pools, a gym, spa, coworking spaces and landscaped gardens. Designed by Ismael Mérida Arquitectos, one of the leading high-end residential architecture studios on the Costa del Sol, the project prioritises architecture that is integrated into its surroundings, open spaces and high sustainability standards.
This transaction reinforces Maslow Capital’s activity in the Spanish market, where the company continues to expand its presence by financing real estate projects across the market’s main segments. With a track record of supporting more than €12 billion of real estate projects across Europe, Maslow Capital combines deep knowledge of local markets with strong structuring capabilities to support developers and institutional investors on projects of varying scale and complexity.
“Marbella is consolidating its position as one of the most attractive residential markets in Europe, driven by strong international demand. We are pleased to finance a project that reflects this dynamism and reinforces our commitment to supporting the development of first-class residential schemes in Spain.” Francisco Conde, Director of Origination in Spain
“Maslow Capital has experience in financing this type of asset, as well as a deep understanding of Marbella’s residential market, both of which were key factors in this transaction. Its track record and ability to structure a solution tailored to the needs of the project gave us the confidence required to undertake the development of a high-profile scheme aimed primarily at the second-home market.” ConceptHomes, led by Asturias-born developers Javier Curto and Víctor González-Valle
