From €250,000 up to 100% of the eligible investment, with a maximum of €50 million per transaction.

The loan amount will correspond to the construction cost (including commercial premises), general development expenses, the cost of mandatory reports, and any other expense considered necessary to carry out the housing development, excluding the cost of the land and annexes, except where construction is required by urban planning regulations or by the land transfer agreement.

Costs eligible for financing may include licences, fees, taxes or duties. However, fines, penalties, and VAT or equivalent recoverable or deductible indirect taxes are not considered eligible costs.

Up to 30 years, including up to 4 years of grace period.

• For projects intended for rental or use assignment: fixed at 3.60%, reduced to 3.40% when public guarantees are provided. For 20 years, a 1.5% subsidy will be applied by the Agència de l’Habitatge de Catalunya. During this period, the fixed rate will be 2.1% or 1.9% depending on whether a public guarantee is provided.
• For projects intended for the transfer of surface rights: fixed at 4%.

For developer entities subject to financial prudence regulations, the applicable interest rate will be determined in accordance with the regulations, and they will also benefit from the subsidy if the project is intended for rental or use assignment.

Opening fee: maximum 0.25%; early repayment fee: maximum 0.25% of the amount repaid; and swap cancellation costs.

No early repayment fee will apply if the repayment results from the transfer of surface rights of housing units included in the development to beneficiaries of publicly protected housing, or when the amount repaid comes from the receipt of a subsidy.

Construction mortgage and pledge of rental income. Additional guarantees may be required depending on the project.

From €250,000 and up to 100% of the eligible investment minus the subsidies received with a ceiling of €150,000 per property.

Up to 30 years including a grace period of up to 4 years.

Fixed at 3.65% and will be reduced to 3.40% when the transactions have a public guarantee.

Approved transactions will get an interest rate subsidy of 0.7% from the Catalan Housing Agency. The final interest rate will therefore be fixed at between 2.95% and 2.70%.

For developers subject to the principle of financial prudence, the interest rate will be applied according to the regulations and will not be subsidised.

For more information about the projects’ eligibility for the interest rate subsidy by the Catalan Housing Agency, you can access the regulatory basis and the announcement on this topic published in the Official Gazette of the Government of Catalonia.

Arrangement fee, at most 0.25%; for early repayment, at most 0.25% of the amount repaid; and swap cancellation costs.

Construction mortgage and rent security. Others may be asked for depending on the project.