International Mortgage Brokers for Overseas residential or commercial property in different countries, we offer you our services and years of experience in arranging this type of mortgage facility. Our deep knowledge and contacts in the European banking industry, allow us to search for the best option within the characteristics of each client.
15 Feb 2018
BOOSTING PROPERTY SALES: CASE STUDY 2
Boosting estate agent’s sales
by offering the right finance solutions
Case study 2: Commercial real estate transaction structured as a sale lease back
An estate agent which we collaborate with, introduced us to a family office of hoteliers who wanted to raise finance on a 4 stars hotel located in Spain as they required funds to acquire another hotel which was a strategic and opportunistic investment.
Due to their existing financial commitments, this family office did not meet traditional banks affordability ratios and their finance application was turned down.
Based on the hotel’s excellent location and recurrent operating profits over the years, we structured a sale lease back transaction through an international REIT (real estate investment trust).
We raised €34.5M for the family office, that is 100% LTV, while they kept the management of the business and therefore the operating profits, by transferring their hotel’s ownership to the REIT, who then leased back the property to them for 20 years with a repurchase option at the end of the lease term.
Financial North offers you and your customers a myriad of financial solutions, offering the best solutions for making your deals happen.
Please contact us if you would like to discuss a deal that requires finance.