Property Refinance for Business Opportunity

16th November 2021

Toby Johncox

Property Refinance for Business Opportunity
Toby Johncox

Toby Johncox

Key Facts:

  • Client: Swiss Resident, British National 
  • Property type: Chalet in Switzerland
  • Property value: CHF 40,000,000
  • Loan amount: CHF 20,000,000
  • LTV: 50%
  • Rate: 1.38% PCM

Enness has operated in the equity release market for several years, and the team understand current market trends and what these mean for you.

If you own high-value real estate, releasing capital from the property which you can then invest elsewhere for a higher rate of return, can make a lot of sense. This was the case for one of our clients who was looking to raise funds against their property in Switzerland. Their Gstaad chalet was valued at CHF 40 million and the client was looking to raise CHF 20 million to take advantage of a business opportunity.  

As long as your figures add up and you have further collateral to give lenders comfort, equity release is often a very straightforward decision for lenders. If you own worldwide assets and you have various income streams, you will usually find that private banks are better able to cater to you and understand what you bring to the table. 

In this instance, we succesfully sourced a lender who could provide the client a competive solution at the interest rate of 1.38% per month. 

Maximising your asset is often easier said than done. Here at Enness, we have close relationships with specialists in this area, and your advisor will know how you need to present your case and what lenders will want to see to be able to make a lending decision.

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