Pre-opening | Civislend to finance "El Madroñal Marbella" luxury villa with an 18% return on Wednesday, April 22

20/04/2026 – ⏱ 3 min

April 20, 2026 – Estimated reading time: 10 min

The crowdfunding platform Civislend has announced the launch of a new institutional-grade investment opportunity in the heart of the Costa del Sol. Next Wednesday, April 22, at 12:00 PM, the subscription period will open for the "El Madroñal Marbella" project—a first-rank mortgage loan operation intended for the comprehensive renovation of a luxury villa in one of Málaga’s most exclusive residential estates.

This project stands out due to its solid collateral framework, which includes not only the asset undergoing renovation but also an additional income-generating property, offering investors a highly attractive risk-reward profile in a market with significant international demand.

Investment Details and Collateral Assets The operation consists of a €5,000,000 loan intended to refinance existing debt and cover the costs of the total expansion and renovation of a single-family villa. The primary asset is a property built in 1982 on an 1,871 sqm plot. After the intervention, it will feature 498 sqm of built area, including 7 bedrooms, 6 bathrooms, a swimming pool, and gardens. Once completed, the estimated sale price is €6,500,000.

As a differentiating security feature, the developer is providing additional collateral: a villa in Nueva Andalucía (Marbella), renovated in 2020 and currently operating as a vacation rental. This second property features 255 sqm of built area on a 513 sqm plot, including a private pool and solarium.

Key financial aspects for the investor include:

Estimated Total Return: 18.00%.

Nominal Interest Rate (TIN): 12.00% per annum.

Execution Term: 18 months.

Minimum Ticket: €250 per investor.

Financial Structure and Security Ratios The project’s robustness is reflected in its leverage ratios and the developer’s capital commitment. The current appraisal value of both guarantees amounts to €6,248,585, placing the LTV (Loan to Value) of the first drawdown at a conservative 51%. Looking ahead, the value of the assets under the Hypothetical Finished Building (HET) scenario rises to €10,010,426, resulting in a final LTV HET of 50%.

The breakdown of the use of funds is as follows:

Refinancing and formalization costs: Approximately €3,192,750.

Construction costs: €1,807,250, to be released via work certifications supervised by an external Project Monitoring firm.

Developer Contribution: The manager is contributing €1,324,109 in equity (21% of the total), aligning their interests with those of the platform’s investors.

The Developer and the Costa del Sol Market The project is led by Marbella Design Group, a Swedish-owned company operating in the area since 2018. The firm has a solid track record in managing luxury projects, architecture, and interior design, offering comprehensive services in the most prime areas of the Málaga coast.

The location in El Madroñal guarantees access to a high-net-worth market characterized by exclusive services, golf courses, and sustained demand from both domestic and international buyers. The market study confirms that the project’s values are in line with recent real transactions from the Land Registry for unique products of these characteristics.

Additional Guarantees and Exit Strategy In addition to the first-rank mortgage on both properties, Civislend has implemented extraordinary control mechanisms:

Pledge of Shares: A pledge on the social shares of the owning SPV.

Sales Mandate: Civislend holds an irrevocable sales mandate for values of €5M and €2M for the collateral assets, exercisable in the event of default.

Flexibility: Although the term is 18 months, the developer can repay the loan starting from the sixth month without penalty.

Interest will begin to accrue from the formalization of the loan, expected within a maximum of 30 business days following the close of fundraising. Furthermore, investors have a four-day "reflection period" following their investment.

With this opening, Civislend reinforces its catalog of projects backed by high-value tangible assets, allowing retail investors to participate in Marbella's luxury real estate sector with professional management and limited risks.

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