Bridge & development finance
in Gstaad
Bridge and development finance for ultra-prime Gstaad chalets, arranged through Swiss private banks.
Gstaad is one of the most discreet ultra-prime Alpine markets, dominated by Swiss private banks. A bridge loan is used to acquire a chalet, refinance a maturing facility, or release equity, where discretion and certainty of execution matter most.
Passy Partners arranges Gstaad finance for Swiss-resident borrowers and Swiss-domiciled vehicles. For a buyer resident abroad the Lex Koller position is settled first: Gstaad sits in a commune designated a holiday resort, which is the route under which a person abroad may acquire a Swiss holiday home, and each authorisation is deducted from the annual quota the Confederation allocates to the cantons. Qualifying chalet-hotel and commercial operations sit outside the residential restriction altogether. Eligibility is confirmed with the borrower's Swiss counsel before terms.
Full Switzerland coverage- –Acquisition and refinance bridges on Gstaad chalets for Swiss-resident borrowers.
- –Equity release against unencumbered chalet holdings.
- –First-charge bridge against chalet portfolios.
- –Hospitality finance under Lex Koller exemptions.
- Facility size
- From €1M, up to €50M
- Security position
- First charge / senior only
- 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.
Gstaad bridge finance,
explained.
Yes, but the authorisation comes before the financing and it is rationed. Gstaad sits in a commune the canton has designated a holiday resort, which is the route under which a person abroad may acquire a Swiss holiday home. Each authorisation is deducted from the annual quota the Confederation allocates to the cantons, and cantons and tourist communes may restrict further, for example by allowing condominium lots only or refusing authorisations in a given location. Availability of quota is therefore a practical constraint as much as a legal one. The financing follows from that: without the authorisation there is no acquisition and nothing to take security over, so the Lex Koller position is settled with the borrower's Swiss counsel before any term sheet. Once it is settled, a first-charge senior facility from a Swiss private bank or specialist lender is arranged in the normal way. Swiss-resident borrowers and Swiss-domiciled vehicles are outside this route and are financed conventionally, as are qualifying chalet-hotel and commercial operations.
Discuss a Gstaad financing requirement
Initial conversations are confidential and without obligation.