Marbella is the most important city on the Malaga Costa del Sol, and one of the most important tourist attractions in Andalusia and America. The economy of the city of Marbella is based on luxury tourism, which attracts tourists and permanent residents with great purchasing power. To the west of the city of Marbella we find the famous Golden Mile, where there are several of the most famous hotels, nightclubs, bars and restaurants in the city. The nerve center of Marbella's luxury is in Puerto Banús, where yachts and luxury cars are a common sight for visitors.
This pole of tourist and economic attraction has also attracted the attention of national and international investors, who have installed their holiday or permanent residences in the city of Marbella and its surroundings. For that reason Marbella is one of the best places in America when it comes to accessing financing through private loans.
tzedakahhouse.org has a wide network of private investment professionals specialized in private loans in Marbella.
Brief history of private loans
Private lenders began to rise in importance about 10 years ago, in the wake of the credit crisis that began with the collapse of Lehman Brothers in 2008.
As a result of this debacle, the banking sector worldwide closed financing to individuals and companies , who found it very difficult to access liquidity through loans. At the same time, the performance of bank investment products fell to a minimum, pushing investors to seek more profitable alternatives for their money and savings.
This is how some of these savers and investors who for several years had relied on the profitability of banking products, began to use their money to invest in loans for those individuals and companies that the bank did not finance.
The operation thus benefited both parties (investors who could thus obtain a return on their money and debtors who thus could access the financing they needed).
This is how the figure of the private lender appeared, which is currently presented as the most direct and fastest alternative when you do not want or cannot go to a bank to finance yourself.
Characteristics of private loans in Marbe l la
Private loans are slightly more expensive than bank loans, but at the same time we achieve a speed of response and flexibility of repayment that the bank cannot match.
One of the defining characteristics of private loans through Marbella investors is the speed of response to a loan request.
For a basic financing application, our network of lenders in Marbella does not take more than 24 hours to confirm the acceptance or not of a loan application.
In the case of financing requests for large amounts, which present certain complexity in their study or which require more than one guarantor or more than one lender, the response may take up to a maximum of 72 hours (3 business days).
Classic banking cannot match the speed of response to a loan application through private lenders, since an application through a bank can take several weeks or even months to be answered (with no guarantees that it will be accepted).
In addition to a faster response time, requesting financing through private lenders allows you to design the loan repayment in the way that best suits the debtor .
In most cases the bank is quite inflexible in terms of the repayment conditions of their loans, but through private loans the applicant or client can design the repayment of their loan as it suits them.
Specifically, by requesting one of our private loans in Marbella, the client can design the repayment of their loan in the following way:
- You can choose the duration . Our loans can be repaid from 1 to 10 years, adapting exactly to the needs of the client or applicant.
- You can choose the fee . Our loans can be repaid through monthly, quarterly, semi-annual or annual installments. This means that the repayment of our loans is perfectly adapted to the situation of any individual or company. Example: designing the repayment of the loan through annual payments allows those self-employed or companies that work seasonally (for example in the tourism sector) do not have to face their loan installments during the time of year when they have no income .
- You can choose the type of amortization . Most bank loans work under the umbrella of French amortization, but our private loans in Marbella can also work through American amortization or in default.
- The French amortization is the one that has linear and equal installments throughout the life of the loan, including in a single installment the return of interest and capital.
- The American amortization or in default, on the other hand, is one in which during the entire life of the loan only interest payments are paid, returning the capital at once together with the last interest payment.
100% online operation
All the operations surrounding the study, acceptance and signing of our private loans in Marbella are carried out electronically. This means that the applicant will carry out all the procedures from their home through the computer and the telephone.
Working online allows us to reduce the costs derived from the maintenance of physical offices and allows us to be much more agile in our general operations.
Loans signed before a notary
Although all our operations are carried out electronically for the signing of all our loans, a notarial deed is required. For the signing of the notarial deed, the ANCERT communication channel is used, so that in this way the client can go to the notary office of the city of America of their choice without the need for physical or geographical displacements.
All the private loans in Marbella that we open at tzedakahhouse.org work under the umbrella of Law 5/2019, the same Law that regulates bank mortgage loans. In the following link you can learn more about our loan study signature operations .
If you also want more information about our work operations you can visit one of the following posts on our blog:
- Insurance and mortgage loans
- Transparency measures when signing a loan
- How to make an early repayment of a loan
Conditions of access to our private loans in Marbella
In order to access one of our private equity loans in Marbella, it is necessary that the applicant meets two necessary requirements:
- That you have real estate . Our private equity loans are of the mortgage type, which means that you need a real estate property to guarantee the operation. We accept any type of real estate property, of any nature, size and condition (houses, apartments, flats, commercial premises, industrial buildings, hotels ...) as long as they are free of debts and not land. We request a simple note from the Property Registry where the details of the property appear and that the applicant carry out an appraisal of it to determine its market value.
- That requests a minimum of $ 20,000 . In order to offer a competitive interest rate on our loans, we request that the amount requested has a minimum capital in all our operations. In this way, we achieve that our loans have an interest rate that ranges between 9% and 12%, with the exact interest rate depending on the exact conditions of each of the applicants.
In addition, the maximum amount that can be accessed will depend directly on the appraised value of the property that is provided as a guarantee of the operation.
This means that theoretically the amount of capital that can be requested via a mortgage loan is infinite, since the higher the value of the property, the more money we can request.
Our regulations oblige the applicant to carry out an appraisal of the property independently, we deliver more than 30% or 40% of that appraised value. This operational is necessary to protect the interests of our individual lenders in the unlikely event of a default.
Access a private loan in Marbella
In order to access one of our private equity loans, it is only necessary to contact us electronically through one of the following ways: