Real Estate Finance
in Monaco
Bridge and development finance for ultra-prime Monaco real estate, arranged through private banks and family-office capital.
Monaco is a single-jurisdiction market with one of the highest values per square metre globally and a structurally constrained supply pipeline. Financing is concentrated among a small number of private banks active locally and a wider pool of international lenders accessing transactions through Monegasque intermediaries. Bridge facilities are used to acquire trophy units ahead of disposals elsewhere, fund refurbishments in legacy stock, or reposition mixed-use assets.
Passy Partners arranges facilities for private clients, family offices and operators active across the Carré d'Or, Monte Carlo, La Condamine, Larvotto and Fontvieille. Many transactions involve cross-border holding structures and multi-jurisdictional underwriting.
Monte Carlo
Carré d'Or — ultra-prime residential, trophy penthouses.
La Condamine
Mixed-use, refurbishment of older residential stock.
Larvotto
Seafront residential, post-extension new-build.
Fontvieille
Residential and selective commercial.
Monaco-Ville
Heritage residential, limited supply.
- —Acquisition bridges on ultra-prime residential, typically €5M-€50M.
- —Refurbishment and reconfiguration finance on legacy Carré d'Or stock.
- —Refinancing of private-bank facilities approaching maturity.
- —Bridge-to-sale on units released into the resale market.
- —Equity-release against unencumbered Monegasque assets.
In Monaco, financial activities are supervised by the CCAF (Commission de Contrôle des Activités Financières), while real estate and intermediary activities fall under the relevant Monegasque authorities. Passy Partners operates as an arranger working with Monaco-based courtiers and private banks rather than as a Monegasque-licensed lender or broker.
Monaco's absence of personal income tax for qualifying residents materially affects affordability assessments, but private banks generally underwrite on global wealth and liquidity rather than local income. AUM relationships with the financing bank are frequently part of the structure and are factored in at term sheet stage.
Discuss a Monaco financing requirement
Initial conversations are confidential and without obligation.