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MC Private Finance completes £9m deal for Ultra-High-Net-Worth Individual
05/09/2024
MC Private Finance have recently completed a loan on a prime London asset for a high profile client.
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Loan Amount: £9,000,000
Property Value: £12,000,000
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The client, an ultra-high-net-worth individual, was looking to carry out redevelopment works on an unencumbered property that he plans to let once works have been completed.
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However, his income arises from complex streams, generated from offshore trusts.
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To resolve this, MC Private Finance structured a 5 year term loan with a lender who could both fund the cost of development works, as well as roll-up the interest and fees.
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