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Barcino Property applies for €1,4 M loan
28 March 2019 | Vanessa Sousa

Young Spanish REIT Barcino Property, which is dedicated to buying and rehabilitating residential buildings to place them on the rental market, contracted a 1.4 million euro loan with Banco Caminos which should be repaid by March 2034.

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According to the release sent to Mercado Alternativo Bursátil, this new capital increase is related with the purchase of building 57 at Joaquín Costa street in Barcelona, which took place last October.

In the same document some details of the loan can be read: «the type of interest contracted is 2.40% fixed rate in the first year, and Euribor + 1.50%, with biannual revisions for the remaining years, with monthly and rising principal repayments».