£26M Residential Bridging Loan for HNW Swiss National

£26M Bridge Loan for HNW Swiss National

Key Figures: 

  • Client: Swiss National & Luxembourg Resident
  • Property type: Residential Home
  • Property Value: £40,000,000
  • Loan Amount: £26,000,000
  • LTV: 60% 
  • Variable Rate: 0.9% per month

Whether you want to buy, sell, or refinance residential property, bridging finance is much faster to arrange than a traditional mortgage and the underwriting process is often more straightforward. As a result, bridging finance can be a perfect option if you need to borrow significant capital to buy a new home, refinance a property in your personal portfolio or need time to sell a property, but you don’t have the time or headspace to go through a lengthy mortgage application process. 

If you are keen to secure a loan for a residence quickly with as little hassle as possible, bridging loans can be a near-perfect solution to explore. Residential bridging loans are exceptionally flexible and there are very few limits on how you can use this type of loan, provided a few basics are in order. 

In this case, we were approached by a Swiss national and Luxembourg resident who was looking to purchase a prime residential property in Kensington worth £40 million. We successfully arranged an excellent financing vehicle in the form of a bridge loan, which is a convenient and practical way to borrow money quickly. With the client having a stellar financial background and a plan to close the bridging loan within 3 weeks, the lender offered a 60% LTV at a competitive rate of 0.9% per month.  

As this case illustrates, you will be able to borrow significant amounts using bridging finance – there is no upper limit on a loan. Enness’ bridging brokers have more than a decade of experience handling residential bridging loans, and the team will be able to help you regardless of how much you want to borrow or if you have a delicate or complicated background. 

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.