The UBO of our client is a high-net-worth entrepreneur based in Europe, referred to us by one of our regular brokers seeking expert financial solutions. The goal was to provide the client with a well-structured loan, empowering them to repay existing debt and release equity, thereby enabling substantial investment in one of their business ventures.
The financing was provided to a Jersey-based company, ensuring stringent regulations and industry best practices protected the client’s and the lender’s interests. To bolster security for the loan, we employed multiple measures:
First Ranking Charge: The loan was secured with a first-ranking charge over the client’s high value property.
Share Charge: Additionally, we implemented a share charge over the company that owned the property.
Personal Guarantee: We obtained a personal guarantee from the client to provide an additional layer of confidence.
With all necessary arrangements in place, we advanced a loan of €6.5m to the client. The loan terms were agreed upon with a 24-month tenure; however, both parties envisaged a quicker repayment timeline.
By structuring a well-designed loan through a Jersey-based company and securing it with valuable European assets, we provided our client with financial backing to repay existing debt and fuel their business ventures.
At Tenn Capital, we remain committed to empowering clients to achieve their ambitions through customised and innovative financial solutions.