wHAT WE offer

Financial North is a boutique firm specialised in real estate debt, dedicated exclusively to the financing of prime and super-prime properties in Spain.

We focus on situations where complexity calls for specialist market knowledge: cross-border borrowers, ownership structures involving SPVs and holding companies, non-conventional income profiles, and assets in markets where only a small number of lenders are actively engaged.

We work with a small, carefully selected panel of private banks and specialist lenders. These are established relationships, built on a consistent track record of well-structured and well-prepared mandates. With one lender specialised in high-end property in the Balearic Islands, we have maintained a 100% closing rate over recent years on the applications we have accepted, with no cases of borrower default across any of the transactions we have intermediated.

An important factor in our selection is the lender’s proven track record in delivering a binding offer on time. Most transactions are subject to a fixed completion date, and SPV-based financings in particular involve a sequence of preparatory steps — corporate documentation, KYC and beneficial ownership verification, source-of-funds substantiation, and notarial preparation itself — that must be coordinated well in advance of signing. The lenders on our panel understand this complexity and execute accordingly.

We take an end-to-end approach, coordinating with our clients throughout the transaction. This typically begins with instructing the property valuation, which in Spain must be carried out by an appraisal company approved by the Banco de España; appointing an appraiser with genuine experience in high-end property is critical to obtaining a credible report. Where useful, we also facilitate introductions to trusted local lawyers, capable of conducting rigorous due diligence on the property before any contract is signed or any deposit is paid.

One point we make explicit from the outset, because we know it matters to our clients: none of the lenders on our panel make their credit facilities conditional on the transfer of assets under management. They are focused on lending activity, not on AUM gathering — so the client’s existing private banking relationships are not eroded through the financing process. In the interest of full transparency, and depending on the borrower’s profile, some lenders may require the pledging of a relatively small portion of the funds released by the Spanish mortgage as an additional layer of collateral. This is a security mechanism, not an AUM condition.