How We Achieved 70% Financing on a €3 Million Rustic Luxury Villa

When the call came from California, it carried a mixture of excitement and frustration.

The couple — both established technology entrepreneurs and shareholders in three successful IT companies in the United States — had fallen in love with a spectacular luxury villa in Palma de Mallorca. Privacy, panoramic views and Mediterranean light made it the perfect setting for their next chapter in Europe.

However, the property was located on rustic land, a classification that often increases scrutiny from Spanish banks, particularly for non-resident buyers with international income structures.

The purchase price was €3,000,000.

Another broker had already attempted the financing and managed to secure only 50% loan-to-value (€1,500,000), citing the rustic land status and the complexity of their corporate and rental income.

After reading our consistent 5-star Google reviews, they contacted Mortgage in Spain® Mortgage Broker seeking a more strategic and experienced approach.

A Financial Structure Requiring Precision

Their financial profile was robust but layered:

They owned three active US technology companies, generating income through salary, dividends and retained profits. In addition, they held four rental properties in the United States, producing recurring rental income.

This meant multiple corporate accounts, personal tax returns, profit distributions and cross-border documentation that needed careful consolidation under Spanish banking criteria. Spanish lenders typically apply a 35% debt-to-income threshold, and rustic properties often trigger more conservative risk assessment.

This was not a case for simple submission. It required structuring.

Strategic Presentation and Direct Negotiation

We conducted a full financial consolidation, clearly separating recurring income from extraordinary profits, demonstrating dividend sustainability and documenting rental stability. Liquidity and global net worth were presented in euro-equivalent terms.

We also addressed the rustic land classification proactively, ensuring legal compliance and valuation alignment were clearly evidenced to reduce perceived risk.

Thanks to our direct access to central risk departments rather than relying solely on local branches — we positioned the operation correctly from the beginning.

The Outcome: €2,100,000 Approved

The result marked a decisive turnaround.

We secured €2,100,000 in financing, equivalent to 70% loan-to-value, significantly improving leverage compared to the previous €1,500,000 offer.

Completion day in Mallorca represented more than a financial closing. It was the beginning of a new life between California and the Balearic Islands — keys in hand, overlooking the Mediterranean.

Mortgage in Spain® Mortgage Broker, licensed by the Bank of Spain (D969), specialises in complex high-value international transactions. With a 99% approval rate, we focus on structuring before submission — because in cross-border financing, precision changes outcomes.



For international entrepreneurs investing in Mallorca, Marbella, Madrid, the Balearic or Canary Islands, experience is often the difference between 50%… and 70%.