Post by FinLoop.com

€16.5M Last-Mile Logistics Refinancing in Madrid. Matched through FinLoop. Not every strong logistics asset gets institutional lender attention. This Madrid last-mile facility had the fundamentals lenders usually like: a fully let asset, an investment-grade e-commerce tenant, a long-term indexed lease and a location serving the wider Madrid metropolitan area. But the ticket, €16.5M, sat below the threshold for many larger logistics-focused lenders. That is a common gap in the market: the asset is institutional in quality, while the loan size is still sub-institutional. Through FinLoop, the borrower was matched with a lender actively targeting this segment. The refinancing closed in under 7 weeks on competitive senior terms. 𝐓𝐡𝐞 𝐃𝐞𝐚𝐥 𝐚𝐭 𝐚 𝐆𝐥𝐚𝐧𝐜𝐞: 🔑 Asset: 14,500 sqm last-mile logistics unit serving the Madrid metropolitan area. 🏢 Tenant: Single-let to an investment-grade e-commerce operator on a long-term indexed lease, ~9-year WAULT. 🏦 Facility: €16.5M senior refinancing. 📊 Indicative Terms: ~60% LTV, 5-year interest-only facility, EURIBOR + c.175–195 bps, 1.85x ICR covenant, hedging requirement agreed. ⏱️ Timeline: Closed in under 7 weeks. 🧠 Takeaway: For logistics tickets between €10M and €20M, lender selection often matters more than borrowers expect. The pool is narrower than it looks from the outside. Some lenders are too large-ticket focused. Others like the asset but are not set up to quote efficiently at this size. The right lender is the one already calibrated to both the asset class and the ticket. Last-mile in Iberia remains a structural undersupply story, but only lenders actively targeting that segment will price it that way. 📅 Refinancing a logistics asset in this ticket range? DM us, we can map the lenders currently active before you go to market. Jordi TorraDr Nicole Lux #FinLoop #DealClosed #RealEstateFinance #Logistics #LastMile #Madrid #Spain #Refinancing #PropTech