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Beka Real Estate provides financing of 4 million euros to Core Gestión for a residential development project in Madrid

The project has 40% of the homes pre-sold and total sales are expected to reach 8 million.

Beka Real Estate provides financing of 4 million euros to Core Gestión for a residential development project in Madrid

Beka Real Estate, a real estate asset management platform of Beka Finance, has announced a financing of four million euros to the real estate developer Core Gestión. The funding aims to support the residential development of a set of eight townhouses in the Valdebebas neighborhood of Madrid.

The project, which has already obtained the approved building permit, is in an advanced stage with 40% of the homes already pre-sold. It is expected that the total sales will reach approximately eight million euros. Juan Criado, Director of Beka Real Estate, expressed enthusiasm for supporting Core Gestión in this real estate project, highlighting Beka Real Estate’s ability to originate, structure, and execute alternative financing transactions with an attractive risk-return profile for their investors.

Core Gestión de Proyectos is an experienced developer in managing cooperative housing projects, both in the free and protected segments, nationwide. They currently manage over 400 homes and provide real estate consulting services. This transaction further strengthens Beka Real Estate’s commitment to fostering growth in the Spanish real estate sector.

Read the original article: https://brainsre.news/beka-real-estate-financia-core-gestion-4-millones/

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