- Client: Middle Eastern entrepreneur with international business interests
- Challenge: Refinancing an offshore-owned mixed-use commercial property while increasing leverage to release capital for international investments
- Loan Amount: Circa £12 million commercial refinance at approximately 50% loan-to-value
A Middle Eastern entrepreneur with a global business portfolio approached Enness Global to refinance an existing facility secured against a prime mixed-use commercial property in Central London. The objective was to replace an existing loan of approximately £7 million while increasing leverage to around 50% loan-to-value, releasing additional capital for international investment opportunities.
The property was held through an offshore special purpose vehicle and benefited from a high-quality tenant mix with established commercial occupiers and long-term lease covenants. However, the transaction presented several complexities, including the offshore ownership structure, the borrower's international residency, and the relatively large single-asset exposure. A recent tenant transition also required careful presentation of the property's covenant strength during the underwriting process.
Enness Global sourced a specialist lender experienced in complex commercial real estate transactions and structured a circa £12 million interest-only commercial refinance at approximately 50% loan-to-value. The facility was arranged on a floating-rate basis over a three-year term, with an option to extend for a further two years, providing additional flexibility. The structure also incorporated retained interest, helping to preserve liquidity during the loan term while supporting the client's wider capital allocation strategy.
The proposed structure demonstrated how specialist commercial lenders can support international borrowers requiring higher leverage against prime commercial assets while providing the flexibility needed to pursue wider investment opportunities. By leveraging specialist lender relationships and structuring expertise, Enness Global was able to deliver a solution tailored to the client's international property and investment objectives.
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 and lender criteria. Loan amounts, loan-to-value ratios, pricing 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.
Risk Warning
Your property may be repossessed if you do not keep up repayments on borrowing secured against it.
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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.
