Successfully Secured €5m Bridging Loan in Italy

Capri, Italy house view

This case underscores Henry Dannell’s role in high-value property financing, showcasing our ability to work closely with professional introducers and provide bespoke property finance solutions.

Client Background

  • Residence: Monaco
  • Completion Timeline: 5 weeks
  • Loan Amount: €5m
  • Property Location: Capri, Italy

Setting the Scene

We received this introduction from one of our professional introducers from a Trust company. This case presented an intriguing challenge: an Italian national pursuing a €5 million property acquisition in Capri within an ambitious five-week timeframe. The client requested a loan that would cover the entire property purchase price and needed a six-month term for repaying the debt.

Understanding the Client’s Requirements

Collaborating closely with the introducer, we gained invaluable insights into the client’s profile and requirements, which included the client’s objective to purchase the property through an Italian SRL (Società a Responsabilità Limitata). Our collaboration enabled us to present the credit paper in the most advantageous way to the prospective banks.

Our Strategic Approach

As the funding requirement was for 100% of the purchase price, we needed to offer the banks another asset. Leveraging one of the client’s many property assets as collateral enabled us to obtain a reduced loan-to-value and a much more favourable rate for the client.

Due to the intricate nature of the structures involved, significant restructuring was required to provide the lender with satisfactory security, which entailed relocating the jurisdiction of the holding company. This highlights the vital importance of our discovery stage, which enables us to establish a comprehensive understanding of the client’s circumstances. At Henry Dannell, we aim to always provide a solution and find a means to adeptly navigate complex issues.

Execution

With a comprehensive understanding of the client’s profile and assets, coupled with our robust relationships with lenders, we secured a mortgage offer within six days from receipt of the initial enquiry. This rapid response was instrumental in enabling our client to meet the stringent five-week deadline for their property transaction.

The Henry Dannell Difference

This case stands as a testament to Henry Dannell’s proficiency in high-value property financing. Our detailed understanding of trust structures, corporate ownership frameworks, and strategic debt structuring showcases how we handle transactions that can otherwise be deemed complex.

This ultimately enabled us to exceed the client’s expectations and facilitate the desired outcome to progress the purchase.

Our network of lenders and market knowledge enabled us to support our introducer and build a solution for their client. The successful collaboration and timely resolution further solidified our partnership with our introducer.

Please note: a bridging loan is a short-term loan secured against your home or property. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any debt secured on it. The Financial Conduct Authority does not regulate some forms of bridging finance. Bridging finance / loan deals may not be available and lending is subject to individual circumstances and status.

Author:
Geoff Garrett
Co-Founder | Specialist Debt Adviser
CONTACT

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