Securities-backed lending provides an efficient and flexible alternative to selling your securities. You maintain the long-term benefits of securities ownership without incurring some of the unwanted financial repercussions of selling securities, all while accessing the capital you need.
In this case, we were approached by a Monaco resident and Danish national who was looking for a £4 million loan. We met the client's requirements by providing a £4 million loan at 2.5% over the base rate for 4 years with 1% non-utilisation fee for any undrawn balance. The drawings were permitted in USD, EUR and GBP and any amount repaid couldn't be redrawn.
Enness works with clients - and lenders - from around the world, and many offer securities-backed lending in a variety of different currencies for your ease and convenience. Lenders are used to working with international borrowers who have multiple business interests, investments, and income streams, and as a result, securities-backed lending is a truly global solution. Most lenders are open to working with borrowers of any nationality.
Securities-backed lending can be ideal if you want to respond to an unexpected opportunity but don’t have the capital you need available in cash. You may also want to consider these types of loan if you encounter an issue or opportunity that you need to solve or pursue. To discuss your scenario, get in touch today.