Retirement Living in Spain LLC

Real EstateNew York, United States2-10 Employees

Retirement Living in Spain LLC is a US based services company offering exclusive, custom-designed retirement lifestyles in Spain and Portugal. Our managers and support personnel live and work in Spain. Our all-inclusive packages include short-term rentals during the winter for Canadian or American snowbirds, long-term lease packages at very affordable rates and the purchase of retirement properties. 

For our private clients looking to buy a retirement home in Spain we offer a conveyancing service that handles every aspect of the process with absolute confidence and security. We specialize in bank repossessions and embargos with discounts of up to 70% on prime coastal or golf resort properties in popular tourist areas such as the Costa del Sol, Alicante, Valencia and the Portuguese Algarve. If you acquire a property in Spain as an investment, we offer a comprehensive property management service and will arrange rental income when you are not in residence. Financing of up to 70% is available and we also have attractive lease-to-own options. Most of these properties qualify for IRC Section 1031 Like-Kind exchanges for Americans. 

Through our real estate arm, Promar LCT Proyectos y Obras SL with offices in Seville and Malaga, we provide an exclusive service to REITs, family trusts and investment funds looking to take a position in Spanish residential real estate. We source prime rental properties with potential for significant mid-term growth in asset value in packages of 5 to 50 properties spread over several developments and lifestyle types to reduce risk. Typically, we handle investments from $1  to $5 million. We will expertly manage the portfolio once acquired and rent the units as holiday properties to maximize operating income. Most properties for acquisition in early 2014 will have an average Cap Rate of 4.5% with an estimated ROI after two years of 20%. N.B. There are significant risks associated with investing in distressed real estate abroad.

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