Another deal completed by Judd Cole and a fantastic way to end the week with a €14m loan, refinancing an existing property in France with equity release for the purchase of an apartment in Monaco.
Deal Summary:
Asset Value 23m euros
Loan amount - €14m
Term 5 years
Interest only
Margin 1.78 over EURIBOR
No AUM
Judd Cole from Arc & Co. says:
Thanks to a solid team effort, excellent communications between all parties and a high-degree of accommodation on behalf of the lender and client, we were able to complete this sophisticated international loan structure within tight time constraints. A win for everyone involved.
Mark Thomas from Balkin Estates says:
I would just like to thank you and the entire team at Arc & Co., especially Judd down here in Monaco who made this amazing transaction happen in organizing the financing for the acquisition of a 350sqm duplex penthouse for a client of mine, a former F1 World Champion.
To say he is “over the moon” to use a footballing term is simply not enough, the client is ecstatic we closed. The financing solutions offered up by Arc & Co. to provide the 14 million euros finance for this deal were both creative and inventive and allowed the client to acquire the property without placing any equity. Ground breaking. Indeed, this can serve as a potential model for further acquisitions with the right client moving forward.
The deal served as an example of a superb exemplary team effort exhibited by Arc & Co. and Balkin Estates working together in dealing with a high profile VIP client and their tailor made requirements was exceptional. I look forward to developing our relationship and finding finance solutions for our future Monaco clients together.
For any further information, please contact:
Judd Cole
Asset Finance Advisor
E: judd@arcandco.com
T: +44 (0) 203 971 2512 (UK)
M: +33 (0) 62986 3609 (France)