€10 million residential mortgage to purchase a prime family apartment in Paris
Our client, a gentleman with a dual French American citizenship, approached us as he was in the process of purchasing a prime family apartment located in the 16th arrondissement.
Despite an excellent credit rating and an impressive entrepreneurial track record, our client was experiencing issues arranging a mortgage due to European lenders assessing him as a US person under FATCA (Foreign Account Tax Compliance) rules.
Tight deadlines also complicated the process of arranging a mortgage loan. Both sellers and buyers had committed to complete within 30 days and timelines were not negotiable.
Our client’s requirement was to arrange a €10 million mortgage loan. His application had been agreed in principle by two large international banks with whom he had a prior personal and corporate relationship. There was however a significant risk of not securing the funds before the contractual deadline.
€1.4 million 80% LTV Interest-Only mortgage to purchase a Chalet in La Tania
Our clients, a charming British couple residing in Singapour, approached us as they were planning to purchase a Chalet in the French Alps. They were keen to structure a flexible tax efficient financing solution not requiring to deposit any Assets Under Management with the lender.
We assisted our client in the property selection process and ran multiple financial illustrations. After a 3 months search process, our clients made a successful offer on a Chalet located in the beautiful resort of La Tania.
€6 million equity release from ski Châlet
Our Clients, a family of British entrepreneurs, were the owners of two Chalets located in the beautiful alpine resort of Megève. The French properties had been purchased over ten years ago and had undergone significant renovation. Valued at over €7,000,000, the properties were unincumbered and owned through a French registered SCI.
Our clients were keen to release equity from their French real estate assets in order to capitalise on the strong euro and seize investment opportunities. .
Bespoke 70% LTV mortgage for a beautiful French Château
Our client’s intention was to purchase a magnificent French Château with a view to using it as a commercial venture to run seminars.
Prior to contacting AB Private Finance, our client had experienced several rejections from French high street and specialist lenders. French Chateaux are typically viewed as non-standard assets and are therefore rarely accepted as collateral. Our client had executed a pre-sale agreement (compromis de vente) without a mortgage suspensive condition and was therefore on a tight timescale to arrange a mortgage loan.
AB Private Finance deal with several private banks who can assist with such cases.
€2.6 million Buy-to-Let remortgage
Our client, a delightful Dutch gentleman residing in Asia, approached us to explore opportunities to restructure a portfolio of buy to let properties located in Paris.
The portfolio comprised of 12 residential and commercial properties located in some of Paris primest areas. Properties were owned through separate ownership structures (SCI and direct ownership) and mortgaged with four separate lenders.
During the consultation process, we established that a debt restructuring at the portfolio level could achieve a number of benefits. More specifically, the Landlord was interested in :
- Optimising his cash flow
- Reducing his overall cost of borrowing
- Releasing equity to seize further real estate investment opportunities
- Reducing potential tax exposure
€1.3 million Golf Property remortgage
Our client, a successful European expat residing and working in London, owned a beautiful Mediterranean villa located in the hills of Ste Maxime. Originally purchased in 2008, the villa underwent substantial modernisation and refurbishment. The mortgage – carried by a French High Street Lender – had recently entered in its amortising phase and featured uncompetitive terms.
After considering our recommendation, our client quickly realised that a remortgage would be be a ideal conduit to :
- Lower his cost of borrowing
- Reduce his exposure to French Wealth Tax
- Raise capital to capitalise on market opportunities