Key Details:
- Client: International trust company acting for an overseas client
- Challenge: Refinancing an expiring private bank facility involving an offshore trust and multi-jurisdictional ownership structure
- Loan Amount: Circa £775,000 residential bridging refinance secured against a property valued at approximately £1.2 million
An international trust company approached Enness Global on behalf of an overseas client seeking to refinance an existing private bank facility secured against a London residential property valued at approximately £1.2 million. The existing loan had reached maturity, creating a time-sensitive requirement to refinance circa £775,000 while maintaining the existing ownership structure.
The transaction presented several complexities. The property was held through layered offshore entities within a multi-jurisdictional trust structure, while the ultimate beneficial owner was based in the Middle East. The lender also needed to be comfortable with a higher loan-to-value ratio and a structure that did not require personal guarantees from the beneficiaries. In addition, certain legal firms were unable to onboard the client due to jurisdictional restrictions, making careful coordination of specialist legal representation essential.
Enness Global introduced a specialist bridging lender experienced in complex offshore transactions. A valuation was completed within approximately one week, and a specialist legal adviser was appointed to manage the enhanced due diligence and onboarding requirements associated with the trust structure. A bespoke residential bridging facility was arranged, enabling the client to refinance the existing borrowing while accommodating the complex ownership structure, subject to lender approval.
This case demonstrates Enness Global's experience in arranging specialist bridging finance for international clients with offshore ownership structures, where conventional lending and legal processes may not be suitable for complex cross-border transactions.
Disclaimer
This case study is provided for illustrative purposes only and does not constitute financial, legal, tax or investment advice. The client scenario has been anonymised and certain details have been generalised to protect confidentiality. Finance is subject to status, underwriting, valuation, asset suitability, jurisdiction and lender criteria. Loan amounts, loan-to-value ratios and lending structures are indicative only and may vary depending on individual circumstances and market conditions. Enness Global acts as a credit broker and not as a lender.
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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.
