Director’s loan refinance for a French SCI

January 2018 – SCI à la Montagne

Cash-out in the form of a Director’s loan refinance for an SCI (Special Purpose Vehicle) which owned two unincumbered properties located in Megève.

The Company directors, successful British entrepreneurs, were keen to take  advantage of the €/GPB exchange rate.  Their requirements was to refinance all funds which had been advanced to the SCI by way of a Director’s loan.

Mortgage solution brought by Bluesky Finance:

€6,000,000 interest-only loan secured against two French properties

The purpose of the loan was to refinance the SCI Director’s loan and create a portfolio of diversified assets which were deposited with the lender.

Commercial terms :

5 year fixed rate : 1.19%

First charge security registered against two properties

“I have enjoyed very much indeed working with you on this deal and I’ll certainly be in touch if another opportunity or deal presents itself in the future.”