Property finance in Spain.
Corporate and SPV property finance in Spain, arranged whole of market via lenders licensed in-country. Domestic banks show limited short-term appetite, so UK-style structures come from a narrower group of international and private lenders — at higher minimums and through corporate ownership.
By Dominic Whitecross, Co-Founder, HyLend. For corporate and SPV borrowers.
How lending works in Spain
Spanish domestic banks show limited appetite for short-term, exit-led bridging, so where a UK-style bridge is needed it generally comes from international and private lenders rather than the domestic market. Corporate or SPV ownership is usually required, and security runs through a notarial deed registered at the land registry — more formal than an English charge, with its own cost and timeline.
Spain has an active international developer base, and investment and development facilities are the more available products. The deciding factors are the structure and the lender universe rather than a headline rate.
What we arrange in Spain
Across the whole of market, always via a lender licensed or permitted in Spain, we arrange the same families of facility we do in the UK — structured to how Spain actually lends:
- Short-term / bridging where an international or private lender supports it, at higher minimums than the UK.
- Development finance for corporate developers, against cost and value with staged drawdowns.
- Investment and term facilities to hold income-producing assets, typically the most available product locally.
- Specialist and structured capital — equity, mezzanine and larger raises on complex or cross-border mandates.
How we work on a Spain deal
We arrange and introduce; we are not a lender. Facilities are arranged with lenders licensed or permitted in Spain, and local legal and tax advice is taken in-country as a matter of course.
Corporate and SPV borrowers, on non-regulated purposes. We do not act for individuals buying residential property for their own occupation in Spain or anywhere in Europe — that work is regulated locally and a regulated broker in-country is the right route.
We will tell you early if a deal is not placeable. HyLend Limited is a UK credit broker and does not hold or claim authorisation to conduct regulated credit intermediation in any EU member state.
What to send us
The location and asset, the borrowing entity and where it is incorporated, the amount and term, and the exit. If a local bank or lender is already involved, tell us. We will come back on whether it is placeable, roughly where pricing sits, and what the structure needs to look like — before anyone spends money on fees.
Spain property finance FAQs
Can you arrange property finance in Spain?
Yes — bridging where an international or private lender supports it, plus development and investment facilities, for corporate and SPV borrowers via lenders licensed in Spain. Minimums are materially higher than the UK.
Do you lend to individuals buying a home in Spain?
Yes, for corporate and SPV borrowers on non-regulated purposes. We do not act for individuals buying a home for their own occupation — that is regulated locally and a regulated broker in-country is the right route.
Why are minimum loan sizes higher in Spain?
Dual-jurisdiction legal work and notarial and land-registry security perfection do not scale down, so international lenders typically start in the low millions rather than at UK levels.
What security is taken in Spain?
Lending is secured by a notarial deed registered at the land registry. Local legal advice is taken as standard, and the process differs from the UK in form and timeline.
Currency: the cost line most borrowers miss
On a Spain deal, the exchange rate can move the economics more than the loan margin does — deposits, drawdowns, interest and the eventual exit all cross currencies, and banks rarely price that well. We work closely with Total Currency Exchange, a UK currency specialist whose payment services are provided through FCA-authorised partners, for competitive rates and properly managed transfers on cross-border deals.
Want an introduction? Tell us when you send the deal — or ask us directly — and we will connect you personally rather than leaving you to a web form. We do not provide currency advice; timing and hedging decisions remain yours with your FX provider.
How the property will be valued
Valuation practice is national, not European, and the differences are not cosmetic. In Spain a lender valuation is a tasación prepared by a registered valuation company under the regulated methodology, and banks will generally only accept a report from an approved firm on their own list.
Two things hold true across every market we work in. The valuer is instructed by the lender and reports to the lender, not to you, whoever pays the fee. And the figure the lender applies its leverage to may not be the market value in the report — several European lending regimes work from a deliberately conservative value beneath it, in the same way UK lenders use restricted marketing period figures.
Build the valuation into the timetable rather than treating it as an administrative step: on cross border commercial deals it is routinely the longest single item. The full valuations guide →