Capital raise against a £1.8million London commercial property for American national

6th September 2018
HEAD OF SPECIALIST LENDING

Chris Whitney

contact
Capital raise against a £1.8million London commercial property for American national
Chris Whitney
HEAD OF SPECIALIST LENDING

Chris Whitney

An American client came to me recently looking to capital raise against her restaurant that she owned with her husband who is an EU national. They have successfully run the business for over a decade, and the restaurant is now worth £1.8million. The couple were looking to capital raise against the restaurant and lease it out to a new operator. The proceeds would then be used for future business ventures.

The couple both had UK residency, but complications ensued as the ultimate beneficial owner (UBO) of their business was a US-based entity. Unlike the UK, the US lacks a central database of companies that maintains information on shareholdings and directors. This made proving my client’s ownership of the entity and her shareholding very difficult.

OUR SOLUTION

Following research into the US entity, I was able to determine that it was not properly incorporated. This put my clients at potential risk that they were unaware of. To resolve this with all necessary due diligence, I helped to restructure the ownership vehicles – a sort of tidy up of the case’s complexities – which allowed the loan to be approved. This was ideal for the clients as their preferred lender was happy to lend to both UK residents and non-UK nationals.

I secured a 5-year managed a variable rate of 2.89% with a 1.36% loading fee, making a very attractive total of 4.25% all-in.

Call us +44 (0) 203 758 9393 or submit your details and a broker will get in touch.

Enness Limited needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.

The Global High  Net Worth  Mortgage Guide

The Global High Net Worth Mortgage Guide

Are you considering buying a high-value international property? 

Our handy Global High Net Worth Mortgage Guide explores the world of international mortgage finance in prime property markets around the world. 

Whatever your property financing requirements, we have a specialist team in place dedicated to finding the best and most efficient solution. 

Let us guide you through the complex world of mortgages.  

Download Pdf