French mortgage transaction of the month

Transaction of the month – <1% variable loan through private banking structure – €2.8m for a French mortgage in Belle Plagne

This 40% loan was made with a private bank in Luxembourg to an SCI created in France. The French mortgage in Belle Plagne was secured against the property to reduce the ISF tax bill and the borrower placed an additional € 3.5M in assets with the bank in floating rate bonds which increase in value as interest rates rise in order to hedge against any increases to interest rates in the future.