Spanish mortgage for non-residents: a penthouse in Altea on the Costa Blanca with €657,050 equity after a company sale
The company sale had fundamentally changed their financial situation. The couple had sufficient liquid funds and broadly diversified assets.
Should the whole proceeds of a company sale go into a penthouse in Altea?
No, the full purchase price was not to be paid from own funds. Part of the sale proceeds was to remain invested over the long term and be preserved for the next generation. The financing was around 70 % of the purchase price, and additional costs and a considerable share of equity came from own funds.
Can a company sale strengthen the equity?
Yes, significantly, but the assets should be structured sensibly over the long term and not invested only in a property.
Boosts equity, but assets should not all go into property: A company sale can significantly strengthen the equity share. What is decisive, however, is to structure the assets sensibly over the long term and not to invest exclusively in a property.
Equipment wishes realised right after handover: Planning them in from the start allowed all measures to be implemented immediately after handover, without additional financing solutions being required later.
How was the €1,235,000 penthouse financed?
With 864,500 € of financing and 657,050 € of equity, which also covered the 160,550 € additional costs and the 126,000 € renovation.
Proceeds from the sale boost equity – don’t put all your eggs in one basket: The proceeds from the sale can significantly boost your equity. However, it is crucial to structure your assets sensibly for the long term and not to invest exclusively in one property.
Wishes planned in advance: implementation immediately after handover: All measures could be implemented immediately after the handover, without the need for any additional financing solutions at a later date.
Buying an apartment in Altea: after a successful career, a new chapter began: After more than 30 years as the owner of a medium-sized metal fabrication company, an entrepreneur from Baden-Württemberg decided to sell his business. Together with his wife, he wanted to make the most of his newfound freedom and spend a large part of the year on the Costa Blanca from now on.
They weren’t looking for a villa that required a lot of maintenance, but rather a high-quality penthouse with a spacious terrace, sea views and within walking distance of Altea’s old town.
How did the company sale change the buyers’ situation?
It gave the couple sufficient liquid funds and broadly diversified assets, yet part of the proceeds was to stay invested and be preserved for the next generation.
Even so, it quickly became clear that the full purchase price was not to be paid from own funds. Part of the sale proceeds was to remain invested over the long term and also be preserved for the next generation.
€1,521,550 all told, €126,000 for kitchen, terrace, tech: Purchase price: 1,235,000 €; Additional costs: 160,550 €; Renovation (designer kitchen, terrace design, smart home and air conditioning): 126,000 €; Total investment: 1,521,550 €; Equity: 657,050 €; Financing required: 864,500 €.
What was adjusted, and what stayed unchanged?
The kitchen, lighting, terrace and building automation were customised to the buyers’ style, while the asset structure was to stay as unchanged as possible.
The penthouse was furnished to a high standard, but did not entirely match the buyers’ personal style.
In particular, the kitchen, the lighting throughout, the terrace and the building automation system should be customised.
Furthermore, the asset structure should remain as unchanged as possible even after the purchase of the property.
70 % financed, purchase costs paid immediately from own funds: The financing was arranged to cover around 70 % of the purchase price.
The purchase costs, as well as a substantial proportion of the equity, were paid immediately from own funds.
All planned modernisation work was included in the overall plan from the outset — funded from equity, not from the bank loan. This meant that the penthouse could be customised immediately after the transfer of ownership.
How was the share of own funds weighed up?
After all works were recorded with realistic costs, it was examined how much equity made sense without changing the long-term asset planning; part of the proceeds stayed broadly invested.
Before the purchase contract was concluded, all planned investments were recorded in detail and backed with realistic costs.
It was then examined what use of equity was sensible without unnecessarily changing the long-term asset planning.
The buyers deliberately chose to keep part of the sale proceeds broadly invested.
The additional costs and a considerable part of the purchase price were paid immediately from own funds.
Moved in within months, wealth stays invested: Just a few months later, the couple moved into the modernised penthouse in Altea.
Thanks to the balanced financing, a considerable part of their assets remained invested. At the same time, a high-quality residence was created that ideally complements the next chapter of life on the Costa Blanca.
What does the case show for buyers after a company sale?
That equity can be used in a targeted way while enough assets stay for future opportunities and family goals.
Altea: targeted equity use fits a high-net-worth penthouse purchase: Buying a penthouse in Altea shows that property financing can be a sensible part of the overall strategy even with a high asset base. Anyone who uses equity in a targeted way, considers modernisation early and plans for the long term creates the basis for relaxed living on the Costa Blanca.
Detached house in Dénia — case report: Anonymised case from Costa Blanca: detached house in Dénia. Mortgage financing for non-residents.
Frequently asked questions
Why was full self-financing not chosen?
The buyers deliberately wanted to preserve their asset structure and keep sufficient liquidity for future investments and family plans.
What was adapted in the penthouse in Altea after the purchase?
The kitchen, the entire lighting, the terrace and the building automation in particular were to be individually adapted. All planned modernisation was included in the overall plan from the outset and covered from equity, not by the bank loan.
How much was the total investment for the penthouse in Altea?
The total investment amounted to €1,521,550. This comprised a purchase price of €1,235,000, purchase costs of €160,550 and modernisation costs of €126,000.
How does a company sale affect the equity for a property purchase?
A company sale can significantly strengthen the equity share. What is decisive, however, is to structure the assets sensibly over the long term and not to invest exclusively in a property.
A similar situation in Spain? Let's talk.
Every financing in Spain is an individual case. In a free initial consultation we will tell you honestly what is feasible and which bank fits.
Perini Finance & Property — German-speaking, Portugal via an intermediary licensed there; at least 2 of 15–20 banks approached per case. Initial consultation free of charge; 1 % of the loan amount on completion. · Perini Finance & Property — German-speaking, operating under the §34i GewO licence held by Olga Nikushkina, Portugal through a locally licensed intermediary; at least 2 of 15–20 banks approached per case. First call free; on completion 1 % of the loan amount. · Anonymised individual case, not a binding statement for other projects · Brokerage under the §34i GewO licence held by Olga Nikushkina (D-W-132-ZUCB-95); Siegfried Perini registered as directly involved person (§11a GewO) · no tax or legal advice · no financing commitment; conditions depend on creditworthiness, loan-to-value and bank
Related pages
Modern apartment in Benidorm
Anonymised case study: A modern apartment in Benidorm – already spending the final years of working life in Spain. Financing for non-residents.
Villa in Jávea — Financing for non-residents
Anonymised case study: Villa in Jávea: €240,000 gift as part of the equity. Financing for non-residents.
Villa in Guardamar del Segura
Anonymised case study: Company remains in Germany: €568,500 loan for Guardamar del Segura. Financing for non-residents.
Practical case Mallorca: Charming finca near Santanyí
Modernisation planned in from the start
Practical case Mallorca: Family house in Alcúdia
When the sale of the previous property is part of the financing
Practical case Mallorca: Finca with guesthouse in Deià
Two generations realise their dream together
Penthouse in Benalmádena — case report
Anonymised case report: Penthouse in Benalmádena – Five years to the move: new-build and timing. Mortgage financing for non-residents.
Penthouse in Cullera — case report
Anonymised case report: Penthouse in Cullera – Self-employed income and a pension in one calculation. Mortgage financing for non-residents.
Content by Siegfried Perini — local brand representative since 2019, active in real estate since 1992, entered in the German intermediary register (§ 11a GewO) as a person directly involved in brokerage and advice. Point of contact for German-speaking buyers in Spain and Portugal. Brokerage by Olga Nikushkina, mortgage credit intermediary under § 34i German Trade Regulation (GewO); in Portugal through a locally licensed intermediary.