Client Profile
An ultra-high-net-worth international family sought to acquire a prime central London residential property while awaiting liquidity from existing assets and wider international business interests.
The Requirement
To secure short-term financing for the acquisition of a high-value London residence while awaiting the completion of multiple liquidity events linked to property disposals and international business cash flow.
The Challenge
The clients required rapid access to capital despite a significant proportion of their wealth being tied up in assets that were in the process of being realised. Traditional lenders were unable to accommodate the complexity of the clients' international wealth structure and the time-sensitive nature of the anticipated liquidity events.
The Solution
Enness arranged a bridging facility of £10M+ at approximately 55% loan-to-value, secured against the prime London property. The facility was structured over a 12-month term on an interest-only basis with retained interest, providing additional flexibility while the anticipated liquidity events progressed.
Transaction Highlights
- Property Value: £15M+
- Finance Amount: £10M+
- Loan-to-Value: Approximately 55%
- Term: 12 months
- Structure: Interest-only with retained interest
- Borrower Profile: International ultra-high-net-worth family
The Result
The clients successfully acquired a prime central London residential property using a short-term financing structure designed around their international wealth profile and multiple anticipated liquidity events.
The transaction demonstrates how specialist bridging finance can be considered for high-value acquisitions where conventional lending may not accommodate complex international financial arrangements or the timing of anticipated liquidity events.
BRIDGING FINANCE IS SHORT-TERM BORROWING AND REQUIRES A CREDIBLE EXIT STRATEGY. DELAYS TO THE SALE OR REFINANCING OF PROPERTY MAY AFFECT THE EXIT AND OVERALL COST OF BORROWING. WHERE INTEREST IS RETAINED WITHIN THE FACILITY, THE TOTAL AMOUNT REPAYABLE CAN INCREASE.
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.
Property values can fall as well as rise, and you may not get back the amount originally invested. Property investments can be illiquid and may take time to sell. Where borrowing is used, your property may be repossessed if you do not keep up repayments on a mortgage or other loan secured against it.
