Client Type: Lux Based Structure
Property Value: €22.4m
Property Location: Mallorca
Loan Amount: €11.2m
LTV: 50%
Time to Complete: 7 Weeks
A broker approached Tenn to refinance a soon-to-expire debt on a villa in Mallorca. The property is located in a prime area in Spain and is worth $22.4 million, making it an attractive refinance option for the client.
The primary challenge of this case was transferring the asset from individual ownership to a Luxembourg-based structure managed by a regulated corporate service provider. Our team carefully considered all aspects of the deal to determine the appropriate terms for granting a loan to the client. We made a quick decision to ensure a smooth transaction and client satisfaction. Leveraging its expertise, Tenn provided a Bridging Loan solution that repaid the debt and covered the taxes and legal matters related to the restructuring. The loan-to-value ratio was 50%, which took just seven weeks to complete.
At Tenn, we collaborate with our clients and advisers to arrange financing tailored to the client’s needs within tight deadlines. We provide short-term lending solutions secured against UK and international real estate. With decades of experience in the financial services markets, we have built a world-class team of real estate, credit, and finance experts. Get in touch today to see if we can help you.