Our client, a French national residing in London, was looking to purchase a stake in a family villa owned jointly by his parents and his aunts. His objective was to acquire a 50% stake in the joint ownership.
AB Private Finance solution: We advised the client against creating a SCI and arranged a 20 capital repayment mortgage loan with the joint owners acting as guarantors. In terms of commercial terms, the €1.5 million mortgage loan came at a rate of 2.2%, fixed for the entire term. The lender took a 5 year pledge on a portfolio of securities with a gross value of €150.000.