Stoneweg’s €24m loan backs luxury Madrid housing project
Geneva-based Stoneweg has is backing developer Quantum Homes with a €24 million senior development loan.
The loan will fund the construction of 19 exclusive single-family villas at Soho Valdemarín,0 which is Quantum Homes’ new residential project in Madrid.
The development is located in the district of Moncloa-Aravaca and “aims to redefine the concept of luxury real estate” according to Stoneweg.
The loan brings Stoneweg’s project financing to more than €50 million in 2022.
Since it launched its alternative financing business for investors and real estate developers in 2017, Stoneweg has now provided €432 million of finance across 74 projects.
