£18 Million Mortgage for UHNW Individual
31st March 2021
Key facts:
- BTL portfolio of 4 properties in Central London
- Property value: £35,000,000
- Loan amount: £18,000,000
- 5 year, 1.7% + 3m LIBOR
- Interest-only mortgage
A recent case involves arranging £18 million mortgage for an UHNW individual. The client is the chairman of a group of companies activities include automotive distribution and services, real estate and investments, retail, food & beverage, engineering, technology, media, and entertainment.
The client was looking to refinance a portfolio of 4 properties he had recently finished refurbishing in Central London. Having worked on the properties for a couple of years, he wanted to refinance the properties to a single lender and was going to rent the properties. His existing debt was £18 million, and he was looking for dry lending.
Here at Enness, we have no limits at all on which nationalities we can help secure mortgages in the UK. In fact, you would be hard pushed to find one we have not helped!
Our brokers are multi-lingual, we understand customs and intricacies associated with this market and we are motivated to solve any solution. As such, in this case, we successfully arranged an interest-only mortgage at 1.7% + 3m LIBOR.
We’re the key to securing your dream residence, second home or buy-to-let investment. Contact us now to get started.
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