- Client: UK national and Monaco resident
- Property: Luxury villa in France
- Property value: €52M
- Loan amount: €27.3M
- LTV: 52%
- AUM: €5.55M
- Rate: 1.35% over a 10-year term
France’s Riviera continues to attract high-net-worth buyers looking for exceptional homes in some of the country’s most desirable locations. For ultra-prime property, however, arranging finance often requires a more bespoke approach than a conventional mortgage.
Enness was approached by a UK national and Monaco resident who was looking to refinance a luxury villa in France valued at €52M. The client wanted to release equity from the property to address outstanding debt while retaining a relatively conservative level of borrowing against the asset.
With a required loan of €27.3M, the proposed facility represented approximately 52% LTV. At this level, the property provided substantial security, but the size and nature of the transaction meant that private banking was the most appropriate route to explore.
Rather than limiting the search to French lenders, Enness considered international private banks that could accommodate the value of the property and the client’s wider circumstances. This broader approach created greater flexibility when negotiating the structure and terms of the facility.
Working with the Enness Monaco team, we successfully negotiated a €27.3M mortgage at a rate of 1.35% over a 10-year term. The facility was amortised and included €5.55M of assets under management with the private bank.
The resulting structure exceeded the client’s original requirements, providing the required liquidity while maintaining a 52% LTV against the French property. It also demonstrates how international private banking relationships can be valuable when financing ultra-prime property for internationally based clients.
Enness specialises in arranging French property finance for non-residents, working with domestic and international lenders to structure solutions around the individual borrower, property and wider financial position.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal, tax or investment advice. Finance is subject to status, valuation, due diligence and lender criteria. The terms described relate to a historical transaction and are not indicative of current or future pricing.
Risk Warning:
Taking out a mortgage involves financial risk. If you do not keep up repayments, your property may be at risk of repossession. International property finance may also involve currency, tax and jurisdictional considerations. Borrowers should obtain appropriate professional advice before proceeding.
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.
