Refinancing for Finnish National and US Resident

Our client, a distinguished Finnish national with substantial wealth currently residing in the USA, sought our expertise to secure capital for the purchase of a new home in the United States, their primary residence. The complexity of this case arose from the fact that, as a successful entrepreneur, the client had reinvested much of their revenue back into their business for growth, resulting in minimal personal income and a tax return reflecting a loss. Despite a strong business position, these financial documents were hindering their ability to obtain the necessary funds for their American property acquisition.

After thoroughly evaluating the client’s financial needs and global asset base, we identified a prestigious, unencumbered apartment in Central London, which was generating rental income, as an ideal asset to leverage for the loan. We approached lenders with this asset as collateral.

Securing mortgage finance for individuals with ties to the American market presents unique challenges due to the complex reporting and regulatory requirements involved. This case was particularly intricate as it involved a cross-border loan arrangement, using a London property as security for financing a real estate acquisition in the USA. We navigated these challenges with precision, ensuring that lenders understood the client’s financial standing despite the tax return, assessed the risk appropriately, and were informed of the client’s strategic plan for managing the loan.

In the end, we successfully arranged an attractive mortgage with a 75% loan-to-value ratio at a competitive rate. Additionally, we secured terms that included no early repayment penalties, providing the client with greater flexibility for future refinancing or exit options.