Latest transaction: €285,000 Loan for a property in Cannes

Posted on 20 Aug 2019 in Transactions
Latest transaction: €285,000 Loan for a property in Cannes

Buying in: Cannes, Alpes-Maritimes
Property price:
Mortgage amount: €285,000
Mortgage type: Fixed Interest Only
Mortgage term: 7 years
Interest rate: 2.55% fixed
Loan-to-value: 60%

The context

This retired private equity investor was concerned about his ability to secure a mortgage with a French bank. As he had multiple income streams, including remuneration as a board member of 3 different companies, he was concerned about how strict French banks can be on borrowers with complex financial affairs. 

Our approach

FPF went the extra mile to ensure the file was presented in the simplest manner to the lender. This meant a lot of back and forth with the client to ensure his financial situation was easy to understand for a foreign bank. The analyst had no questions on the application—a dream come true for any broker in the world of French credit risk assessment. The client was delighted with the speed of the process once we had the application in order.

Furthermore, the property agent was impressed by our level of service as we kept him updated throughout. He went on to sign a partnership agreement with French Private Finance.

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