|Reason||The borrower wanted to acquire a new property and urgently required liquidity to be able to complete the transaction|
|Other details||We lent to a corporate entitiy|
We recently completed a EUR 7.9 million loan involving an international asset in a total of 15 days. The borrower was highly sophisticated, and they were looking for a lender that could lend to a corporate entity. We were able to cater to this and worked alongside the corporate service provider that administered the borrower’s structures to complete the deal.
As well as being able to borrow a significant amount, the borrower was looking to access capital quickly against an international asset. The borrower also wanted the lending solution to facilitate their purchase of a new property using the loan. Working with the corporate service provider administering the borrower’s entities, we were able to lend to a corporate entity, streamlining the deal for the borrower and their advisors.
Matt Watson, CEO of Tenn Capital, said, “Even though the deal revolved around an asset outside the UK and the borrower was a corporate entity, we were able to deliver a solution in just 15 days. We worked closely alongside the borrower’s advisors to offer a comprehensive lending solution that met all the individual’s requirements. We have always wanted to make it easier for owners of non-UK based real estate to borrow against their international property, and this deal underlines the possibilities Tenn offers to do so.”
If you have any questions or would like to know more, please get in touch.