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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. 

Loan Amount: £9,000,000

Property Value: £12,000,000

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.

However, his income arises from complex streams, generated from offshore trusts. 

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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