In this case, Enness was approached by a US client who owned a circa $20+ million investment property in California. The client sought to raise capital against the asset to increase liquidity and allocate funds into a diversified investment portfolio.
The client resides outside of the United States. So, given the international client profile, many traditional lenders were unable or unwilling to structure a competitive mortgage. Additionally, the client required a flexible facility that balanced long-term affordability and upfront liquidity.
Despite these challenges, Enness secured a circa $11 million mortgage against the California property. The facility was structured with a term and a amortisation profile, that suited the clients short and long term needs, including an interest-only period in the early years. This allowed the client to benefit from reduced initial payments, preserving cash flow and enabling them to act on immediate investment opportunities.
The mortgage was agreed to at a competitive all-in rate with an arrangement fee of just 1.5%. Notably, there was no prepayment penalty, offering the client complete flexibility to refinance or repay the loan early, depending on how their investment portfolio performed.
Navigating US mortgage markets for international clients can be complex, especially when the borrower has ties to multiple jurisdictions. Enness identified a lender with the appetite to offer favourable terms to a US citizen living abroad and worked to ensure the structure aligned with the client's income, residency and long-term investment goals.
The result was a bespoke, flexible solution that gave the client access to substantial capital while maintaining ownership of their US real estate asset. Enness' ability to deliver international mortgage finance across borders was key to unlocking liquidity for this global client. If you have similar financing requirements, please don't hesitate to contact us today.
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.
