- Client: Southern Europe-based international property developer
- Challenge: Cross-border development requiring flexible funding outside traditional local lending frameworks
- Loan Amount: Circa $15M development finance facility
A Southern Europe-based international property developer based in Gibraltar approached Enness seeking funding to support a luxury residential development in the Caribbean with an overall project value exceeding $30M. The client had a strong global asset base and significant development experience but required a financing solution capable of being delivered quickly and structured around a multi-jurisdictional project environment. Speed and flexibility were essential to maintain project momentum during the early construction phases.
Development finance within Caribbean jurisdictions can present structural challenges due to varying legal frameworks, limited availability of local institutional funding, and differing lender appetite for large-scale luxury projects. Additional considerations included higher construction logistics costs, cross-border asset structuring requirements, and exposure to currency movement during the development lifecycle. Traditional local lending routes were therefore unlikely to provide the flexibility or responsiveness required to support the project’s timeline and delivery strategy.
Enness sourced a specialist funding partner able to structure a bespoke development finance facility aligned with the needs of a high-value international scheme. A circa $15M facility was agreed within one week, designed to support the initial stages of construction while allowing flexibility to fund subsequent phases as the project progressed. The structure incorporated cross-border asset support and repayment flexibility aligned with anticipated development milestones and exit strategies, ensuring the client could maintain control of project delivery while preserving broader capital positioning.
This case demonstrates how tailored development finance solutions can support internationally structured luxury projects in emerging markets where traditional lending channels may be limited. By leveraging specialist lender relationships and cross-border structuring expertise, Enness enabled the client to secure rapid funding aligned with construction timelines while maintaining flexibility for future phases and refinancing options.
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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.
