MAIO Legal has advised Banco Santander on the refinancing of Gavari Properties.
Gavari Properties specialises in residential rentals in high yield areas of Madrid and Malaga through the acquisition of buildings and their subsequent operation with a focus on value creation.
The socimi has reorganised its liabilities with the refinancing with Banco Santander of €6.15m, as reported to BME Growth. The transaction has been closed with an applicable interest rate of Euribor plus a spread of 2.25 percentage points, for a five-year term.
The real estate area of MAIO Legal’s Madrid office, led by César Álvarez (pictured), has advised Banco Santander on this deal.