- Circa €9M residential bridging loan
- Secured against a circa €20M luxury property portfolio
- Flexible structure to support portfolio exit and liquidity
Selling a property portfolio is rarely as straightforward as selling a single asset. A high-net-worth entrepreneur and experienced property investor approached Enness Global seeking to unlock liquidity from a luxury residential portfolio in Spain while retaining control over the timing of individual property sales. The portfolio, valued at approximately €20M, comprised multiple rental properties held across several special purpose vehicles, many of which had been developed by the client.
Although the client intended to exit the Spanish market, they did not want to be forced into accepting offers simply to generate capital. Instead, the objective was to access funding that would allow each property to be sold when market conditions and buyer negotiations were considered favourable, while releasing capital to support new business ventures during the disposal period.
Structuring finance against a portfolio of this nature required careful coordination. Security needed to be taken across multiple properties and ownership structures, while the funding also needed to accommodate an exit strategy where properties were expected to sell at different times rather than through a single disposal.
Enness Global arranged a residential bridging facility structured around the client's wider objectives. The facility allowed the client to retain a proportion of the proceeds from individual property sales during the loan term instead of automatically applying every sale receipt to reduce the outstanding balance. This provided flexibility to retain capital for reinvestment while continuing the planned disposal programme.
The transaction completed in approximately six weeks, providing the client with access to liquidity while preserving flexibility around the portfolio exit strategy. The case demonstrates how specialist bridging finance can be structured for complex cross-border property portfolios where multiple assets and disposal timings need to be considered.
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.
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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.
