Our client approached us to provide an equity release to assist with the purchase of an Italian villa. The property in questions was a prestigious villa located in Italy held in a corporate structure and the loan amount was €5,510,000. The loan term was set for 12 months, and the borrower was a company.
The ownership structure of the property was managed by a leading Corporate Services Provider across different jurisdictions, which posed a challenge for us. Our team had to work with various third parties in each location to provide support, which enabled the completion and subsequent purchase to occur.
Our team facilitated the deal by providing support and working with various third parties in each location. Our security package included personal and corporate guarantees and legal opinions on the entities involved. The overall Loan to Value ratio on this transaction came in at under 40%.
Our client was able to successfully purchase the prestigious villa in Italy with the equity release we provided.
At Tenn, we are committed to providing excellent cross-jurisdictional support to our clients. Our team of experts works closely with our clients and third-party providers to ensure a smooth and successful transaction. If you require assistance with a similar transaction, please do not hesitate to contact us.