Speed and certainty matter, especially when it comes to high-value property finance.
The Situation
We recently supported a trustee requiring liquidity for the underlying trust to purchase another property overseas. The unexpected delay of sale of other assets presented a timing issue.
- Tight timeline
- Cross-currency loan
TENN's solution
1. €1.5m bridging loan delivered in just 5 working days from initial enquiry
2. Security over a luxury residence in London, valued at £15 million
3. Exit coming via sale of other assets
Outcome & Value Created
- Liquidity and certainty
The TENN difference
This deal spanned well-known jurisdictions for us but really was only made possible in the timescale required due to the incredibly high level of communication between Tenn and professional counterparties, in particular Tenn’s execution team and the legal teams involved.