tenn capital

Tenn Capital completes £6.56m loan for international client

Tenn Capital has completed a €7.9m (£6.56m) loan within 15 days for an international client operating as a corporate entity.

The borrower required the funds to complete the purchase of a residential property abroad in a short amount of time.

The facility — agreed at 60% LTV over a 12-month loan — was secured against an international property.

Working with the corporate service provider administering the borrower’s entities, Tenn Capital was able to provide the loan to meet the client’s deadline.

Matt Watson, CEO at Tenn Capital (pictured above), 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 advisers 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.”

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