Property financing · Costa del Sol
Costa del Sol property financing, structured around your balance sheet.
For international buyers acquiring property across Marbella, Benahavís and the wider Costa del Sol, portfolio-backed financing can provide an alternative or complement to traditional Spanish mortgage finance.
In short
Buyers on the Costa del Sol can combine a Spanish mortgage with portfolio-backed financing to fund a purchase without selling investments. The approach is the same from Sotogrande and Estepona to Marbella, Mijas and Benalmádena; what changes is the property, the price level and the lender’s view of the asset.
Financing across the coast
Lenders look at the property itself as well as the buyer. Prime villas in established areas, apartments in large complexes, rural fincas and plots are all assessed differently. Rural and non-standard properties can be harder to mortgage, which is where portfolio-backed financing can complement or replace part of a traditional loan.
Typical buyer situations
- Second home buyers who want to keep their portfolio invested
- Relocating families who need certainty before school enrolment
- Investors who want to preserve liquidity for renovation or further acquisitions
- Non-residents whose income is earned outside Spain
Areas we cover
Marbella, Benahavís, Estepona and the New Golden Mile, Sotogrande, Mijas, Benalmádena and the wider Costa del Sol.
Last updated 21 October 2026. Reviewed by Marbella Property Advisory.
Illustrative example
Portfolio-backed facility at c. 70% LTV
- Eligible investment portfolio
- €1,000,000
- Illustrative portfolio-backed facility
- €700,000
- Illustrative loan-to-value
- 70%
Portfolio-backed lending may be illustrated at up to approximately 70% loan-to-value where suitable. Actual lending value depends on portfolio composition, concentration, volatility, liquidity, currency, jurisdiction and lender approval.
Illustrative example
Financing 100% of the acquisition
A buyer could potentially finance the full acquisition, including the property price and associated transaction costs, by combining traditional property finance, portfolio-backed lending and available liquidity.
- Property price
- €2,000,000
- Taxes, legal, notary and acquisition costs
- €200,000
- Total acquisition requirement
- €2,200,000
- Traditional mortgage 50% of property price
- €1,000,000
- Portfolio-backed facility e.g. c. 70% of an eligible portfolio of c. €1.7m
- €1,200,000
- Total funded
- €2,200,000
- Cash sale of investments required
- €0
Financing examples are illustrative and do not constitute an offer of credit. Availability depends on the client profile, collateral, property, jurisdiction and lender approval.
Risks
What to understand before borrowing
- Interest applies, usually variable and linked to a reference rate.
- Approval is case-by-case and depends on the borrower, the portfolio, the lender, the property and the jurisdiction.
- Market declines reduce collateral value; additional collateral or repayment may be required.
- In a severe decline, the lender may sell pledged assets.
- Currency risk applies where the loan and assets are in different currencies.
- Leverage should be structured responsibly, with buffers below the maximum lending value.
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Live properties
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FAQ
Questions buyers ask
What is portfolio-backed property financing?
A loan or credit facility secured on an eligible investment portfolio rather than on the property. The portfolio is pledged as collateral and can remain invested. It is also called Lombard lending or securities-backed lending.
How much can I borrow against a portfolio?
As an illustration, an eligible €1,000,000 portfolio might support a facility of around €700,000 (c. 70% loan-to-value). Actual lending value depends on portfolio composition, concentration, volatility, liquidity, currency, jurisdiction and lender approval.
Can financing cover taxes and purchase costs?
Depending on the structure, yes. A portfolio-backed facility can also be used toward transfer taxes, legal fees, notary, registration, valuation and other acquisition expenses, which is how 100% of the total acquisition can potentially be financed.
Does Marbella Property Advisory provide investment advice?
No. Marbella Property Advisory is a property advisory business. Investment and wealth advice, where relevant, is provided separately by DA Wealth Solutions or by your own bank or adviser.
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