- Clients: Ultra-high-net-worth US nationals
- Property Location: Italy
- Purchase Price: Over €4 million
- Mortgage Amount: Approximately €2.6 million at 65% LTV
- Assets Under Management: Over €2 million
- Term: Five years, interest-only, rolling facility with a competitive margin over Euribor
Enness Global arranged a high-value mortgage for ultra-high-net-worth US nationals purchasing a luxury property in Italy. The clients, successful entrepreneurs based in the United States, were seeking to acquire a high-value property while maintaining flexibility across their wider international wealth structure.
Although the clients initially considered purchasing the property outright, they ultimately chose to finance the acquisition through a mortgage alongside assets under management. This approach allowed them to preserve liquidity and retain capital for other investments rather than committing a substantial proportion of their wealth to the property purchase.
Financing Italian property for US nationals can present additional complexity, particularly where international assets, private banking relationships and assets under management form part of the proposed structure. The clients required a lender with the appropriate international capabilities to assess their global financial position while also accommodating the Italian property and cross-border regulatory requirements.
Enness introduced an international private bank with a strong global presence and experience in cross-border lending for US nationals. The mortgage was arranged through the bank’s Italian office, allowing the lender to address local property and lending requirements while incorporating the clients’ wider international banking relationship.
The resulting facility provided approximately €2.6 million of borrowing, representing 65% loan-to-value against a purchase price of more than €4 million. The five-year facility was structured on an interest-only basis as a rolling arrangement, with pricing based on a competitive margin over Euribor and subject to lender criteria.
The clients also maintained more than €2 million in assets under management with the banking group. This formed part of the wider private banking relationship and provided a broader framework for managing the clients’ international financing and investment requirements.
The structure enabled the clients to complete the acquisition while retaining greater liquidity for their wider investment strategy. Rather than deploying all available capital into the Italian property, the mortgage allowed the clients to maintain exposure to other investments while establishing a broader international banking relationship.
This case demonstrates how specialist international mortgage structuring can support US nationals purchasing high-value property in Italy. By considering the client’s wider balance sheet, international assets and private banking requirements alongside the property itself, Enness Global was able to identify a bespoke financing structure aligned with both the immediate acquisition and longer-term wealth planning objectives.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal, tax or investment advice. Finance is subject to status, underwriting, asset suitability, jurisdiction and lender criteria. Terms and outcomes will vary depending on individual circumstances and are not guaranteed. Any tax treatment will depend on individual circumstances and clients should seek independent professional tax advice.
Risk Warning:
Your property may be repossessed if you do not keep up repayments on your mortgage or other borrowing secured against it. Property values can fall as well as rise, and currency movements may affect the cost of borrowing where financing or assets are denominated in different currencies.
Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.
Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
Property values can fall as well as rise, and you may not get back the amount originally invested. Property investments can be illiquid and may take time to sell. Where borrowing is used, your property may be repossessed if you do not keep up repayments on a mortgage or other loan secured against it.
