TQ Eurocredit and Alpha Wave launch €84 million alternative financing vehicle

Cuatrecasas has advised Grupo TQ Eurocredit on the joint launch with Alpha Wave Private Credit of an €84 million alternative financing vehicle, to support and boost its line of business projects through mortgage-backed bridge loans.

TQ Eurocredit’s partnership with Alpha Wave is part of the company’s strategic plan that will enable it to double its portfolio balance over the next three years, increasing its assets to over €400 million.

The transaction involves a commitment to alternative financing methods, both from the fundraising side and for using those funds to finance third parties, in contrast to traditional financing sources.

“Alternative financing is already the first choice for many companies. It has been challenging to adjust the interests of both parties in a joint project, but it was successfully achieved with everyone’s implication and commitment. TQ has taken an enormous step forward by funding itself through a bond issue in the growth strategy of its mortgage-backed loans to third parties,” said Ana Mª Gamazo, the Finance partner who led the Cuatrecasas advisory services, assisted by partners Elizabeth Malagelada (Financial Taxation) and Germán Domínguez (Corporate and M&A); and lawyers Pere Vicens, Vidal-Joan Vicente and Antonio Ridao (Corporate and M&A).