• Category - Real estate-backed loan
• Payment frequency - Monthly interest payments
• Collateral - 1st rank mortgage + owner´s personal guarantee
• Max LTV - 75%
• Country - Spain

The area
We are excited to present you with an exceptional investment opportunity in the area of real estate development in the south of Tenerife. This region is currently considered one of the most underrated areas on the island, strategically located between the popular and prestigious areas. It offers a unique blend of accessibility and convenience, being just a 10-minute drive from the renowned resorts of Tenerife and in close proximity to a wide range of essential amenities. You'll find well-established grocery hypermarkets, including famous brands, Leroy Merlin for home improvement needs, electronics stores, furniture stores, CASH & CARRY, and much more.

The area is also ideal for families, as it features a school, a kindergarten, and a clinic, ensuring a comfortable and convenient living environment. Furthermore, there are exciting developments taking place nearby, including the construction of the largest shopping center in the southern part of the island, located just a 5-minute drive from the project site. Additionally, a Belgian developer has acquired the adjacent zone to Armenime, where they are designing a new luxury district. This development will include 5-star hotels, residential complexes, entertainment and shopping centers, and even its own port. We anticipate significant growth in the value of real estate in the Armenime zone and neighboring Los Menores within the next 3 years.

The property
The land plot with an address Cam. Galeon, 15, Adeje, Tenerife. The plot with a total area of 1219m2 allows the development of an apartment building with 16 units, with a total of 1609m2 indoor area. The project requires licenses and permits, which are currently not granted for this plot. The estimated timeline for all the architectural works and legal matters is 12 months. This plot represents one of the last two available opportunities in this highly promising area.