Access to international markets
As well as helping overseas investors enter the Spanish market, Macquarie’s services in Spain help connect local customers with its international hedging and financing capabilities. In the Financial Markets sector, the Commodities and Global Markets business provides FX and interest rate hedging solutions, as well as structured lending, securitization and distribution services to Spanish companies, institutional investors, non-bank lending platforms and national football clubs. Masu.
“We are currently working with sponsors, private equity firms and institutional investors across energy, infrastructure and commodities to expand our currency and interest rate expertise and market capabilities in the mid-cap sector.” said Miguel Palacio Furure, Managing Director of Global Markets.
“We also offer innovative and flexible bespoke financing structures,” adds Ezekiel Weppler, Managing Director, Commodities and Global Markets. We recognize the team’s ability to fund a broad portfolio of real estate and financial assets, including auto, mortgage, real estate, and small business loans, through securitization, warehousing, seasoning, and term financing facilities.
One example of a recent novel financing by the Commodity Global Markets Securitization team was for a real estate fund that was acquiring and renovating single-family housing units with the specific purpose of providing affordable rental housing throughout Spain. It was a €150 million senior warehouse facility. . By agreeing on property and tenant underwriting criteria in advance, a fund can leverage capital to purchase real estate without incurring the additional cost and time of standard bank mortgage negotiations. “This allows our sponsors to reliably and quickly execute their portfolio growth plans and bring newly renovated homes to the Spanish market at competitive rental rates,” Weppler said. Masu.
