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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.