- Loan Amount: €10 million+
- Loan to Value: Approximately 50%
- Property: Luxury second home on the French Riviera
- Client: EU-based high-net-worth couple
Enness Global was approached by EU-based clients seeking to refinance their second home on the French Riviera. The property represented a significant asset within the clients’ wider property portfolio, and they were looking to secure refinancing of more than €10 million at approximately 50% loan-to-value. The objective was to restructure existing borrowing while maintaining flexibility ahead of a significant liquidity event expected later in the year.
Although the clients had substantial overall wealth, the structure of their income presented challenges from a conventional lending perspective. Rather than receiving a traditional salary or predictable dividend stream, the clients’ income was generated through multiple investment vehicles and investment structures. This type of income profile can be difficult for many lenders to assess within standard affordability frameworks, particularly for high-value residential properties.
In addition, while the clients’ overall net worth was significant, they did not currently hold liquid assets available to place under management with a bank. Many private banks require a minimum assets-under-management (AUM) commitment as part of their lending relationship, especially for loans of this scale. These factors significantly reduced the pool of lenders willing to consider the refinance.
Enness Global introduced the clients to a private bank prepared to take a broader view of their financial profile. Rather than focusing solely on income metrics, the lender assessed the clients’ wider balance sheet, underlying investments, and illiquid assets. Crucially, the bank was also comfortable structuring the loan ahead of the clients’ anticipated liquidity event, agreeing that assets would be transferred under management once liquidity was realised later in the year.
This flexible structure enabled the clients to refinance the property immediately while preserving their broader investment strategy. It also established a new long-term private banking relationship that will develop further once the clients’ assets become liquid. The case demonstrates the value of working with lenders capable of assessing complex wealth structures and future liquidity events when arranging high-value international property finance.
