spf private clients high net worth brochure
DESCRIPTION
Savills Private Finance, who recently rebranded as SPF Private Clients commissioned RPM to produce a corporate brochure aimed at high net worth clients. We opted for a case bound cover with silver and white foil blocking for the logo, whilst the text was printed 4 colour process onto uncoated paper and lovingly finished with thread sewing and case binding.TRANSCRIPT
• IndependentFinancialAdvice• PrivateandCommercialpropertyinsurance
Formoreinformationpleasecontactuson:
T: +44 (0) 20 7330 8530 E: [email protected]
orcontactyourrelevantrepresentative
OTHER SERVICES OFFERED BYSPF PRIVATE CLIENTS:
LondonOxfordManchesterGuernsey
OFFICES
Makingithappen
Whychooseus?
Residentialproperty
Internationalproperty
FarmsandEstates
Commercialproperty
Residentialself-build
Otherservicesandcontacts
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CONTENTS
STAgE RELEASES wERE BASED ON A LOAN-TO-COST RATIO,
INSTEAD OF VALuATION, SO OuR CLIENT COuLD DRIP-FEED HIS 30% CONTRIBuTION AS BuILDINg PROgRESSED.
Casestudy
Our client
Awealthyentrepreneurwhowantedtobuilda33,000sqftdwellingofwhichnearlyhalfwasundergroundbasement,featuringtwinbowlingalley,cinema,swimmingpoolandgymnasium,plusundergroundcarparkingforhisextensivevintagecarcollection.Heownedapieceoflandwithplanningpermissionvaluedat£1.55Mandbuildcostsestimatedat£3.70M,givinganoverallvalueuponcompletionof£5.25M.
Our solution
Theclienthada30%depositandwewereabletoobtaintheremaining70%fundingviaacarefullyselectedspecialistlender.Importantly,stagereleaseswerebasedonaloan-to-costratio,insteadofonvaluation,allowingourclienttodrip-feedhis30%contributionasthebuildprogressed.Theclienthasnowcompletedhisbuildandforthefirsttimecanviewhis18-carcollectionallundertheoneroof.
OuR SPECIALIST KNOwLEDgE MADE IT HAPPEN
Thekeytofinancingthebuildingofapropertyisunderstandingthe construction process and the impact this can have on cashflow.Thestagereleaseoffundstomatchthecontractor’spaymentscheduleiscrucial.Simplyput,mostbrokers,andindeedmostlendersdonotunderstandthisspecialistarea.SPFPrivateClients’self-buildteamunderstandcashflowmodelsandtheimportanceofmakingfundsavailableasinvoicesbecomedue.Thebanksweworkwithappreciateourexpertiseinthisareaandworkwithourteamtoturnprojectsintoreality.
RESIDENTIAL SELF-BuILDIT’S ALL ABOuT CASH FLOw
wE’VE BEEN MAKINg IT HAPPEN FOR OVER 14 YEARS
Everybusinessisbuiltonrelationships,andthatiswhatmakesusspecial,thatiswhatmakesthingshappen.AsoneofthelargestpropertyfinancebrokersintheUK,wehavebeenservicingourclientsforover14years.Thishasallowedustobuildconnectionsthathavecreatedunparalleledaccesstoretail,privateandcommerciallenders,andlong-runningrelationshipswithkeydecisionmakerswithinbanks.Wealsomaintaincloserelationshipswithtrustees,lawyers,taxspecialistsandaccountants.WehavebeenabletomakeallofthishappenbecauseSPFPrivateClientswascreatedwiththesolefunctionofservicingthetop-endofthemarket.
wHY CHOOSE uS?
Whether it is a UK private individual or family, or anoverseas national purchasing or refinancing property,wecancaterforarangeofscenarios:
• Purchaseorrefinance• Inownname• Viaatrust,limitedcompanyorpartnership
Someclientsprefertoborrowusingacombinationofsuitableonshoreoroffshorevehicles.
wHOEVER YOu ARE, wE CAN MAKE IT HAPPEN
SPF PRIVATE CLIENTS ALSO SuCCESSFuLLY ARRANgED FuNDINg FOR A NEw 165-BED STuDENT ACCOMMODATION DEVELOPMENT IN LONDON.
Casestudies
Our Client - An individual with a £40M residential investmentportfolio made up of 100 tenanted properties in London lookingtorefinanceandexpandtheirportfolio.
Our Client - A property developer looking to buildstudentaccommodationinLondon.
Our solution
We refinanced the entire portfolio raising 60% of the portfolio’svalue at 2.25% over LIBOR on a five-year term, based on a20-yearrepaymentschedule.Itwasarrangedonanon-recoursebasis.Wealsonegotiatedanadditional5%‘huntingfacility’toallowtheclienttotakeadvantageofotheropportunitiesinthemarket.
Our solution
SPFPrivateClientssuccessfullyarrangedfundingforanew165-bedstudentaccommodationdevelopmentinLondon.Fundingof70%loantocostwassecured.Postdevelopment,theloanfacilitywastransferredtoamedium-terminvestmentloan,withminimalamortisationoverthedurationoftheloanterm.
OuR INSIDE KNOwLEDgE MADE IT HAPPEN
Investing in commercial property can be anextremely complex area depending on thetenant, lease terms, type of property andlocation. Our experts can advise you onthe best way of structuring yourparticular deal. We offer clients awide range of funding for residentialportfolios,development,commercialandretailinvestmentopportunities,industrialunitsandoffice space. We also specialize in specifictradesectorsincluding:healthcare,studentaccommodation and hotels. Our team has asuccessfultrack-recordinfinancingnumerous
developmentsaswellasestablishedtradingbusinesses.Weareahighlyexperiencedteamthat knows which banks are in the marketandtheircurrentlendingcriteria.Wehavecloserelationshipswiththeunderwritersatlending institutions and work closely withlegal teams and accountants to ensure ourclientssecuredebtunderflexibleconditionsandatacompetitiveprice.
COMMERCIAL PROPERTY – IT’S ABOuT KNOwINg wHAT’S OuT THERE
OuR DEPTH AND BREADTH OF KNOwLEDgE MEANS wE CAN CATER FOR A RANgE OF SCENARIOS
• PrimeresidentialpropertyinLondonandotherregionalcentres• Countryhouses• Agriculturalandsportingestates• Portfoliosofprimeresidentialproperty• Commercialproperty• Overseasproperty
Having specialist teams means we can offer the highest level of serviceonResidential,International,FarmsandEstates,Commercial,orResidentialSelf-Buildprojects.
DEBTS wOuLD TYPICALLY BE SECuRED AgAINST ONE OR A COMBINATION OF:
Whether you are an individual, trustee, buying or selling agent, weprovidethehighlevelofprofessionalservicethatweknowisdemanded.
Weunderstandthatpropertymaynotbeheldinanindividual’snamefortaxorprivacyreasonsandmoreimportantly,thatnothingisstandard.
RESIDENTIAL PROPERTYEVERY ONE IS DIFFERENT
wE ALSO wORKED CLOSELY wITH THE CLIENT’S FINANCE DIRECTOR TO ALLOw PLACEMENT OF DEBT AgAINST ASSETS
THAT wILL NOT OBTAIN INHERITANCE TAx RELIEF AND TO ENSuRE COSTS wOuLD BE OFFSET AgAINST INCOME TAx
Casestudy
Our client
Agentlemanwhohadgrownasuccessfulcommercialpropertybusinessoverthepast30years.Asaresult,hehadaccumulatedasubstantialassetbaseincluding two estates - one in theSouthEastandoneinScotlandworthacombined£18M.Theseprovidedsecurityforseveralmillionpoundsofdebtbutwithlittlesurplusincometopaytheinterest.Theresultwasthatthelender needed to take account of the widerincomegeneratedfromthecommercialpropertybusiness.Theassetswereheldinacombinationoftrustsandpersonalnames,whichaddedfurthercomplexitytoanydebtstructuring.
Our solution
SPFPrivateClientsrefinancedthewholeportfolio,includingseveralthousandacres,mansionhouse,dozensofsecondaryresidentialpropertiesandaportfolioofcommercialproperties,toalenderwhounderstandsboththeclientandtheruralestateassets.Inthisprocessadditionalliquiditywasreleasedtoassisttheclientwithotherprojects.Thetermsachievedofferedafive-yearinterestonlyfacilityandprovidedasubstantialsavinginbothannualfeesandinterestcosts.Wealsoworkedcloselywiththeclient’sFinanceDirectortomaximisetaxplanningbenefits.Theseincludedplacingdebtagainstassetswhichwillnotobtaininheritancetaxreliefandensuringthatinterestcostscanbeoffsetagainstincometax.
OuR IN-DEPTH uNDERSTANDINg MADE IT HAPPEN
Unlike residential property, farms and estates typically compriseamixofsecurityincludingamainhouse,letresidentialportfolio,agriculturallandandothercommercialpropertyandactivities.
Estates are often split into several ownership structures asaresultoflong-termtaxandsuccessionplanning.Inparticulartheadvantagesof100%agriculturalandbusinesspropertyreliefs(APR&BPR)forinheritancetaxpurposes,meansthatclientscandramaticallyreducetheirpotentialIHTliabilitybystrategicplacementofthedebtagainstnon-relievableassets.
Ourclientsvary,fromsomeonewhoispurchasinganestatebutwantsalevelofgearing,toexistingestateownerswantingtorefinanceforavarietyofreasons.Theymightneedtoraisefinancewhichwillbereinvestedintotheestate,orbelookingtoraisesomecashtogivetoafamilymember.
FARMS AND ESTATES A COMPLEx AREA
wE uSED OuR CONTACTS TO NEgOTIATE AN ExTREMELY COMPETITIVE £7.5M LOAN wITH
100% FINANCE uSINg BOTH HOuSES AS COLLATERAL ON A FIVE-YEAR TERM
Casestudy
Our client
A senior bank executive looking to buy a new £7.5M family residence in Mayfair. The property needed some building workand the client did not want to sell his existing home until the new property was completed and ready for occupation.
Our solution
We used our contacts to negotiate an extremely competitive £7.5Mloanwith100%financeusingbothhousesascollateralonafive-yearterm–just1%aboveBankofEnglandBaserate(payrate1.5%).Thedealwascompletedquickly,withbankvaluations,buildingsurveysandcurrencytransfers(theclientheldmuchofhiswealthoffshore)co-ordinatedthroughSPFPrivateClients.
ExCEPTIONAL SERVICE MADE IT HAPPEN
Many of our clients either own or expect to acquire property outsidethe UK – either as a second home or as an investment. We haveaspecialistinternationalteamwhousearangeoflocalandoffshorebankstosourcefinanceinanumberofcountriesoutsidetheUKincluding:
• France&Monaco• Spain (MainlandandtheIslands)• Portugal• Switzerland• Italy
• UnitedStates• Australia&NewZealand• Canada• Dubai• HongKong&Singapore• Caribbean
SPFPrivateClientsisabletoarrangefinanceforpurchases,remortgagesandequityrelease.
INTERNATIONAL PROPERTY – IT’S ABOuT OPTIONS
wE SECuRED €4.8M OF FuNDINg BY wORKINg wITH A BANK TO PROVIDE BESPOKE TERMS AND OuR CLIENT wAS OFFERED TwO COMPETITIVE OPTIONS
Casestudy
Our client
A Saudi resident was keen to obtain themaximum loan-to-value available forpurchase of a €6.5M townhouse in the 16tharrondissement of Paris. In part this wasto help reduce his wealth tax in France.The client’s other concern was to avoidany early repayment charges as hereceived significant dividends each year.
Our solution
Wesecured€4.8Moffundingbyworkingwithabanktoprovidebespoketermsandourclientwasofferedtwocompetitiveoptions:eitherhalftheloanamountonavariablebasis(2.75%)andtheotherhalfonfixedratefor15yearsat4.05%withnoearlyrepaymentcharges;ora10-yearfixedrateloanat4.15%withnoearlyrepaymentchargesatanytime.Heoptedforthelatteroptionandthedealwascompletedthreeweekslater.
OuR FLExIBLE APPROACH MADE IT HAPPEN