Closure | Civislend completes the funding of the Valle del Golf Marbella project in two days with 1,748 investors and an average ticket of €2,204

28/11/2025 – ⏱ 2 min

This article is for informational purposes only and does not constitute, under any circumstances, investment advice or a recommendation.

Civislend has completed —in just two days— the funding of the Valle del Golf Marbella project, a senior secured debt operation totaling €3,850,000, aimed at refinancing the asset and financing part of the soft costs associated with the development of a luxury aparthotel with 43 units in Nueva Andalucía (Marbella, Málaga). The round was closed by 1,748 investors, with an average ticket of €2,204 per investor.

The loan has a 15-month duration, a nominal interest rate of 11.50%, and an estimated total return of 14.38%, with full repayment of capital and interest at maturity and early repayment allowed without penalty from month six.

Location and asset characteristics

The site is located in Nueva Andalucía, a low-density residential area near the AP-7 motorway, known for holiday homes, second residences, and high-end services. The two plots total more than 13,000 m² and will host a five-star-level complex featuring a restaurant, gym, coworking space, spa, and extensive communal areas.

The planned configuration includes:

6,478 m² built above ground

26 terraced units (4 bedrooms, 3 bathrooms)

13 duplex apartments (2 bedrooms, 2 bathrooms)

4 one-bedroom apartments

74 parking spaces

43 storage units

The developer already owns the land —acquired in 2017 for €4,750,000—, has the basic project, and has submitted the construction permit application.

Loan structure and guarantees

The financing consists of a single net disbursement of €3,491,345 for refinancing and soft costs, plus approximately €358,655 in closing and formalization expenses.

The updated appraisal values the plots at €11,855,118, resulting in a 32% LTV. The developer will contribute €2,411,756 (39% of total required funds) at signing.

The project will be executed by Nikki Property Group 4 SLU, linked to RGZ Developers and COPASA, both with extensive expertise in high-end residential developments.

Civislend’s exit is expected through the sale of the plots with an approved project, with an estimated value close to €10 million.

Additional conditions

Early repayment allowed without penalty from month 6

Optional 3-month extension at 11.50% nominal

Four-day pre-contractual reflection period for non-sophisticated investors

Interest begins accruing after loan formalization (maximum 30 days after funding)

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