Our clients, an American national and an American, British and Australian national were looking to purchase a breath-taking property valued at over €2M.
Due to the exchange rate and the complicated structure of their financial situation they were looking to obtain a mortgage for 100% of the purchase price.
The French retail banks in France do not offer loans of this type, regardless of the borrowers' nationality, but the fact that our clients had assets in the US further limited our options.
However, after a few conversations with a number of our Private banking partners, we were able to propose a number of solutions to our clients and secured them an interest-only loan fixed at 1.37% for 10 years for 100% of the purchase price.