We have completed a bridging loan of just over EUR 12 million secured against two flats in a prime European country.
| Key details | |
| Assets | Adjoining luxury flats |
| Location | Prime Europe |
| Amount | EUR 12.025 million |
| LTV | 57% |
| Term | 18 months |
The borrower is a company. The loan will finance the purchase of the properties and provide additional liquidity to undertake light refurbishments on both assets. The loan will be repaid via the sale of the flats.
Significant equity was provided by the borrower provided equity, underpinning their confidence in the deal.
Matt Watson, Tenn Capital’s CEO, said, “We specialise in international bridging and technical deals. This loan has elements of each given it includes non-UK property and more than one asset. We are delighted to have delivered a comprehensive lending solution to our client.”
If you have any questions or want to know more about how we delivered the loan, get in touch.
