Logo
Global

€10M French Mortgage for US National

18th March 2022
INTERNATIONAL ASSOCIATE

Monica Bisci

contact
€10M French Mortgage for US National
Monica Bisci
INTERNATIONAL ASSOCIATE

Monica Bisci

Key Facts: 

  • Client: US national & resident
  • Property Type: Luxury property in Paris 
  • Property Value: €10,150,000
  • Loan Amount: €10,150,000
  • LTV: 100%
  • AUM: €3,045,000 (30%)
  • Rate: 1.8% fixed, 20 years amortised loan

French property is some of the most desirable in the world and it has a price tag to match. Prime French real estate can easily cost in excess of 1 million euros, with prices in Paris often running at significantly higher prices. Holiday homes in the city remain popular, given Paris’ culinary and cultural activities as well as its world-class shopping. Paris’ appreciating property prices over the past ten years are also driving increased uptake and interest in Parisian property, especially in central arrondissements.

In this case, our client was a US national and resident who was looking to purchase a luxury holiday property worth €10.15M in Paris. For non-residents, securing property finance in France can be challenging, particularly if you wish to buy high-value real estate.

What is more, not every lender can offer French mortgages. Approaching lenders individually will be time-consuming, and there will be no way to ensure you have the best deal. Acting exclusively in your best interest at every stage of the transaction, Enness has access to more than 500 lenders and your broker can search the entire marketplace to secure the best rates and terms for you.

In this instance, we approached a private bank, which could offer a very competitive interest rate and bespoke underwriting, with the client placing 30% of the property value as AUM (assets under management). With unparalleled experience brokering high-value mortgages for French properties of €1m and upwards, Enness adds tangible value for prime, luxury and top-of-the-market real estate purchases.