Question 1

What finance is available?

Accepted Answer

R&E can provide finance on anything for construction, refurbishment, or conversion, including hotels and commercial space.

Question 2

How much can I borrow?

Accepted Answer

Our lenders can provide up to 90% of cost, including the land acquisition, this usually works out at 65% Loan to Value. There is also equity available to invest with you if you need up to 98% of cost.

Question 3

How much will the funding cost?

Accepted Answer

The rates for borrowing start at 2.5% and go to 8.5% per annum, this depends on the project, duration of the project and level of borrowing.

Question 4

Do I have to own the property privately?

Accepted Answer

No, we can lend to individuals, or companies based both in Spain or across the EU, including the UK and Luxembourg.

Question 5

What is the maximum I can borrow?

Accepted Answer

There isn’t one! We can lend on projects from €750.000 upwards. The facilities available can be tailored to whatever project you are looking at, from single fincas, to 1000+ apartments.

Question 6

How long does it take to get the Finance?

Accepted Answer

Typically, this will take 4-8 weeks, depending on the legal work required. Some projects can take longer, if there are legal issues with the project.

Question 7

Do I need planning permission for the project before I get the finance?

Accepted Answer

Typically, yes, however, we can offer finance subject to planning permission being agreed.

Question 8

What does R&E Finance charge?

Accepted Answer

R&E Finance build their fees into the facility where possible, so we will not charge you directly unless we absolutely have to. There are also no fees if you do not decided to proceed with terms we provide.

Question 9

Do I need a track record?

Accepted Answer

No, whilst it is preferred, it is not essential that you have a track record. We will encourage you to employ a professional team with a strong track record if you do not, as this will help the banks.

Question 10

What security do I need?

Accepted Answer

The banks and lenders will typically ask for a charge over the project, and a small unsecured guarantee, this can be negotiated at the point of Heads of Terms being issued. We will always act to reduce any risk for you, where possible.

FREQUENTLY ASKED QUESTIONS

R&E FINANCE FAQ