- Client: Monaco resident
- Property: Townhouse in Monaco
- Property value: €19M
- Loan amount: €7.92M
- LTV: 42%
- Term: 12 months
Enness was approached by a Monaco resident who wanted to raise capital against a €19M townhouse in the Principality. The funds were required for an improvement project, and the client needed to release a substantial amount of liquidity without waiting for a longer-term financing process.
With a requirement of €7.92M, representing approximately 42% of the property’s value, bridging finance in Monaco provided a potential route to the capital required. However, arranging a facility of this size against Monaco real estate required a lender with both the appetite for high-value transactions and an understanding of the local property market.
Enness approached specialist lenders capable of considering the property, the level of borrowing required and the client’s wider circumstances. The focus was on securing a short-term structure that would provide the necessary liquidity while giving the client sufficient time to carry out their plans.
We successfully arranged a €7.92M bridging facility at 42% LTV over a 12-month term. The structure enabled the client to unlock capital from the townhouse and proceed with the improvement project without having to sell the property to create liquidity.
High-value bridging finance can be particularly useful for international and high-net-worth clients where capital is required within a defined timeframe. At this level, lender appetite can vary significantly depending on the property, proposed use of funds, repayment strategy and wider borrower profile.
Enness works with specialist lenders to structure large bridging loans in Monaco and internationally. We can also assist clients exploring longer-term Monaco property finance, matching each transaction with lenders suited to the individual circumstances.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal or tax advice. Finance is subject to status, valuation, due diligence and lender criteria. Bridging finance is a short-term form of borrowing and can carry higher costs than conventional mortgage finance. Failure to repay the facility as agreed may put the property or other secured assets at risk.
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.
