Our American clients residing in New-York, both over the age of 70, were looking to finance the purchase of their Paris apartment to minimise exposure to French Wealth-Tax impact. Impacted by FATCA related restrictions, their long term banking partner had not been able to meet their expectations.
AB Private Finance solution: €2.3 million euro bullet mortgage loan for a term of 10 years arranged at a fixed rate of 1.9%. Life insurance was not required. The loan was secured on the property and on a portfolio of securities (gross value of €1.2 million) which was deposited with the lender.