Bridge & development finance
in the French Alps
Bridge and development finance for prime chalets and branded residences in Courchevel, Megève, Val d'Isère and Méribel, arranged for non-resident and HNW owners.
The prime French Alpine market is season-driven. Chalets in Courchevel 1850, Megève, Val d'Isère and Méribel change hands on a calendar set by the winter, and a buyer who needs a domestic bank to move at its own pace often loses the chalet. A bridge loan secures the acquisition ahead of the season, funds a renovation or a repositioning, or releases equity from a chalet held without debt.
Most buyers are international and hold through an SCI. Passy Partners settles the holding structure with the borrower's notaire from term-sheet stage and mobilises local counsel early, because the season does not move. Where the project is a new chalet or a branded-residence scheme rather than an existing chalet, it is structured as development finance and sized on loan-to-cost and loan-to-gross-development-value.
Full France coverage- Courchevel 1850
- The highest-value chalet market in the Alps: ski-in-ski-out trophy chalets and branded-residence schemes. Bridge-to-sale and repositioning finance are the most frequent uses.
- Megève
- A traditional, family-oriented resort with year-round appeal and a discreet ultra-prime chalet segment. Acquisition, renovation and equity release.
- Val d'Isère
- High-altitude and snow-sure, with ski-in-ski-out chalets and strong rental demand. A good rental history can support the credit case.
- Méribel
- At the centre of Les Trois Vallées, with a long-standing international, particularly British, buyer base and a strong chalet-rental market.
- –Acquisition bridges on prime chalets held through an SCI or non-resident structure.
- –Bridge-to-sale on chalets and branded-residence units.
- –Renovation, reconfiguration and branded-residence repositioning finance.
- –Development finance for ski-in-ski-out chalet and residence schemes.
- Facility size
- From €1M, up to €50M
- Security position
- Senior, stretch-senior or whole-loan
- Bridge pricing
- From ~8% per annum
- Bridge leverage
- Up to ~70% of value
- Development
- From ~8% p.a., up to ~60% of GDV
- Term
- 3–24 months (bridge); 18–36 (development)
Indicative parameters only. Rate, leverage and term are set by the chosen lender and confirmed on completion of underwriting.
French Alps bridge finance,
explained.
Yes, and most of our Alpine flow involves non-resident borrowers. Chalets in Courchevel, Megève, Val d'Isère and Méribel are commonly held through an SCI, and our lender network is selected to underwrite non-resident principals and French holding structures. The structure affects lender eligibility and IFI exposure and is settled with the borrower's notaire before we approach lenders.
Discuss a French Alps financing requirement
Initial conversations are confidential and without obligation.