Client: Guernsey-based Trust
Property Value: £3,200,000
Property Location: London
Loan Amount: £1.8M
LTV: 70%
Time to Complete: 4 weeks
A trusted broker partner approached our organisation to assist with a unique financing request involving a short-term facility for repaying an existing debt related to five London investment properties. The assets were held in a Guernsey Trust, presenting a complex financing scenario that required swift and efficient communication with the Trust.
Some lenders found lending to a Trust challenging, but leveraging our expertise and experience, we approached the situation with confidence and a deep understanding of the intricacies involved in such transactions.
Drawing upon our specialised knowledge and experience in dealing with Trust transactions, we were able to provide a tailored facility that not only repaid the existing debt but also ensured sufficient interest coverage for the duration of the loan. This strategic approach provided the client with the financial flexibility required while the sale of the assets was being executed.
By swiftly and effectively addressing the client’s unique needs, we delivered a comprehensive solution that was perfectly aligned with the client’s objectives. Our ability to navigate the complexities of lending to a Trust and provide a customised financial solution in a timely manner demonstrates Tenn’s exceptional service.