Refinancing Loans Secured Against Spanish Residential Property

Replace an expiring bridge, an unsuitable facility or an exiting lender — from €250k to €10m or more, up to 50% of market value, arranged through our private funding network.

Monec arranges refinancing of existing property loans in Spain — a new loan secured by a first mortgage repays the old facility at notary and resets the timeline for your exit. Loans range from €250k to €10m or more, up to 50% of market value, priced typically at 8–12% per annum, and usually complete in 2–4 weeks — often the difference between an orderly transition and a forced sale.

When refinancing is the right tool

A refinancing solves a lender problem or a timing problem — the asset is sound, but the current facility no longer fits. Typical situations we handle:

An expiring bridge loan — the exit needs more time than the current facility allows.
An exiting lender — your current lender wants repayment or is leaving the market.
Unsuitable terms — pricing or structure that no longer fits the plan.
Loans in default or facing enforcement — quite common in our work — if the asset is fundable at conservative loan-to-value, a refinancing can stop the pressure and restore an orderly path to sale or long-term financing.
Consolidating charges — combining several charges into one clean first mortgage before a sale.

The prime market is where our work proves most valuable, because every solution there has to be carefully tailored.

Key Terms

Indicative terms for refinancing secured against Spanish residential property. Every mandate is structured individually and final terms depend on the specific project and funder.

Interest is typically 8–12% per annum, driven by loan-to-value, asset quality, term and structure. Monthly interest payments are preferred by most funders, though payment in kind or full bullet structures can be negotiated in certain cases.

From complete documentation to drawdown, a refinancing typically closes in 2–4 weeks. The new loan repays and cancels the existing charge at completion, taking first rank — the transition happens in a single act at notary.

LOAN SIZE

Ranges from 250K to 10M EUR or more

LOAN PERIOD

Usually between 6-24 months

LOAN-TO-VALUE

Up to 50% of the property’s market value, varying by project and funder

INTEREST

Typically 8-12% per annum; monthly payments preferred, payment in kind or full bullet payments negotiable in certain cases

COLLATERAL

Secured with a first mortgage; the existing charge is repaid and cancelled at completion

REGULATORY COMPLIANCE

All required licenses must be current and in place

BORROWER

Should be a Spanish company, though non-Spanish final beneficiaries are acceptable

High-end residential villa in Southern Spain suitable for refinancing against a first mortgage

How we work on a mandate

Understand the situation

A focused first conversation: the property, the need, the exit. We tell you honestly whether the financing fits — and if it doesn’t, we say so.

Structure the mandate

We prepare a professional financing note that presents the case the way private lenders expect to see it: collateral, structure, exit, risks.

Go to the funding network

We approach the lenders whose criteria genuinely match — family offices, private funds and specialist lenders active in Spanish residential property.

Negotiate and close

We manage terms, valuation, legal and notary through to drawdown — typically 2–4 weeks — with the old facility repaid and cancelled in the same act, acting solely on your side of the table.

Frequently asked questions

Can I refinance an expiring bridge loan in Spain?

Yes — this is one of the most common situations we handle. The new loan repays the old facility at notary and resets the timeline for your exit.

My current lender wants repayment — how fast can you move?

Typically 2–4 weeks from complete documentation to drawdown, depending on valuation, legal review and notary scheduling.

Can you refinance a loan already in default or facing enforcement?

Yes, this is quite common. If the asset is fundable at conservative loan-to-value, a refinancing can stop the pressure and restore an orderly path to a sale or long-term financing.

Will a new lender take over if there is already a mortgage?

Yes — the new loan repays and cancels the existing charge at completion, taking first rank.

What interest rates apply?

Typically 8–12% per annum, depending on loan-to-value, asset quality, term and structure.

Can foreigners refinance Spanish property loans?

Yes. The borrower should be a Spanish company, but non-Spanish final beneficiaries are acceptable.

What areas do you cover?

Southern Spain and the Balearic Islands, with particular depth on the Costa del Sol — Marbella, Estepona, Benahavís and the wider Málaga province.