KEY HIGHLIGHTS
PROPERTY: Jersey high-value residential property
LOAN AMOUNT: £3m
LOCATION: Jersey
LOAN TERM: 24 months
BORROWER: Individuals
Our client is a high-net-worth individual based in the Channel Islands who owns a luxury residential property in Jersey. They required a £3m loan for 24 months to cover expenses during a period of liquidity, pending the sale of their property. The loan is to be drawn in tranches to assist with works on the property and various investment opportunities.
Tenn provided our clients with a loan solution that met their unique needs. Our Co-Funder base funded the loan, secured by a first charge over the unencumbered Jersey residential property. The loan-to-value ratio is less than 30%.
Interest payments are due quarterly, which provides our client with greater flexibility and helps them manage their cash flow more effectively. This also ensures that the lender receives a regular return on their investment.
Ultimately, our tailored loan solution met our client’s unique needs and provided them with much-needed liquidity during a period of uncertainty.