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. .
Solution arranged by AB Private Finance :
- New loan advanced to the SCI for an amount of €6,000,000
- 1st charge lien registered against the two French properties
- Interest-only loan with an interest rate of 1.19% fixed for 5 years
- Creation of a portfolio of financial assets of €3,000,000 deposited with the lender