An international law firm advising a high-net-worth individual on their taxes approached us to help their client raise finance against the client's securities. The client needed to create liquidity that they could place in assets under management (AUM) with a private bank that would, in turn, allow them to secure a high-value mortgage for a European residential property. The individual was a European national, resident in Canada and had shares on a small stock exchange.
The law firm knew the client had a mortgage but couldn't access it without putting AUM at the bank to unlock lending. They wanted to help the client find a solution to showcase their added value and support a long-term professional relationship. The law firm approached Enness to help.
The case was especially complex because the client was based in Canada with a European passport. The client had co-founded and later listed two businesses, one in the United States and the other in Canada. The borrower had shares worth approximately C$14.2 million. However, raising finance was further complicated because these shares were on a small stock exchange.
In this case, we successfully sourced a lender that could cater to the client's requirements by offering a 63% LTV loan for 24 months. The law firm was delighted with the loan we had arranged, given it allowed them to present a solution to the client that showcases their added value and supported a long-term, value-add relationship between them and their client.
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.