Our client, a French entrepreneur, residing in Switzerland and drawing part of his income in GPB was looking to refinance an interest-only credit facility carried by a French SCI. Amongst other, the French SCI owned prime real estate assets located in Paris.
AB Private Finance solution : we recommended that the client refinance with a 5 year renewable bullet loan secured against the Paris apartment. The new interest-only loan was advanced to the SCI and arranged at a fixed rate of 1.1% (no life insurance required). With regards collaterals, the lender took a pledge on a diversified portfolio with a gross value of €1 million. Half of the portfolio had been created by releasing equity from the Paris property.