Mortgage industry entrepreneur Paul Welch has launched a new venture specialising in arranging private finance facilities in excess of £1m, writes Ryan Fowler.
MillionPlus Private Finance has been set up to advise international entrepreneurs, business leaders and professionals and their families across all asset classes, including aviation, marine and property finance.
MillionPlus will combine credit structuring and private banking expertise to help clients optimise the financing of valuable assets including yachts, jets, art and property.
Welch said: “As an independent private financier we benchmark private banks and carefully select the appropriate facilities for clients specific needs.
“We have established global relationships in more than 50 countries with private banks, boutique lenders and private investors who have an appetite to lend at this level.
“Clients and their advisers are successfully taking advantage of our specialist expertise in mezzanine finance, debt restructuring, securities based lending, structured finance facilities, offshore structures, SPVs, trusts and foundations.”
MillionPlus’s clients already include foreign nationals, British expatriates, UK residents earning in foreign currencies and non-domiciled UK residents.