The main beneficiaries will be housing associations and medium estate developers who need alternative financing and bridging loans for their projects.
MCAP will offer customized financing, starting with volumes of between 2 and 3 million euros. The cooperative or developer can finance up to 75% of the land value (LTV) through the fund depending on the commercial viability of the projects. "The financing has the objective of facilitating investment in viable projects, being complementary to that of commercial banking," explains Mikel Echavarren, CEO of Colliers International.
Colliers International plans to close, in the coming weeks, the first agreements with associations and developers that develop projects located in Madrid, Malaga, Valencia and Seville.