Key Details:
- Client: USA national & resident
- Property Value: $4M
- Loan amount: $1.5M
- LTV: 37.50%
After months of research with little luck, this client came across our brokerage and asked for assistance in raising capital against their primary residence in the United States of America. The refinance of their existing loan and capital raising was required to allow the client to purchase onward without relying on their primary residence selling first. The client had retired in the last two years and, as a result, showed little to no income on their tax returns.
Besides the property and client being based in the US, the critical challenge of this case was that the client wished to raise funding against their primary residence. They were making this a regulated deal, which often requires income to be shown. The client needed a brokerage who understood their broader wealth and could complete this transaction quickly and efficiently.
Enness have a vast amount of in-house expertise and was able to source an appropriate contact within our network of over 500 lenders to facilitate this deal. Moving quickly and working across multiple time zones, Enness were able to issue competitive terms to the client, allowing them to raise capital to purchase their new home successfully.
Enness has global connections, with offices in London, Dubai, Switzerland, Monaco, and the Channel Islands. We also have many lenders we work with, allowing us to source the best terms available for unique circumstances across different jurisdictions.
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Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
