Real Estate Capital Europe: Spain Podcast

Publishing date: April 2025

The role of alternative financing in Spanish real estate is steadily increasing, an emerging trend over the last five years. It has been noted that while banks have predominantly dominated CRE lending, there appears to be more room for credit funds, which can offer competitive pricing at higher loan-to-value, in many instances.

That being said, banks aren’t going anywhere – particularly if interest rates will come down as anticipated. One thing market participants claim Spain still lacks is collaboration between banks and credit funds. Borrowers tend to opt for either a bank or a credit fund, rather than a whole loan with a combination of the two. There is room for advancement in this space.

Spain, among its European peers, has endured an illiquid market in the years following the pandemic, but there are positive signs pointing to returned investor confidence. Namely, deal activity is beginning to increase as interest rates are predicted to drop further from their peak.

Questions:

  • How big is the alternative lending chunk of the Spanish market?
  • Where are the best opportunities for Spanish credit funds to lend?
  • How are international players entering the Spanish market?
  • Why are residential, logistics and data centre assets of most interest to lenders right now?
  • What opportunities are there for banks and credit funds to collaborate?
  • How liquid is the Spanish market at the moment?
  • Is Spain’s economic growth set to continue?

Real Estate Capital Europe Podcasts offer firms the opportunity to evidence deep though leadership by focusing on commercial real estate financing of a specific geography.

Find out more

For more information on the podcast fill in your details below:

REC Europe: Spain Podcast

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For more information contact:

Matt Holroyd

Global Business Development Manager: Real Estate
T:+44 20 7566 4286
E: matthew.h@peimedia.com

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