Case Studies
Please see below a selection of transactions we have completed in recent years:
Loan Facility Extension for High Net Worth Individual – Completed December 2022
£2.2 million loan facility extended for 2 years.
Advice to various real estate clients regarding tenant negotiations during the pandemic – 2020-2022
This has involved providing bespoke advice to landlords depending on individual tenant circumstances. Solutions have involved tenants agreeing to pay in full the amounts due, deferring lease payments for agreed periods or lease extensions being negotiated.
Amendments to existing facility including the removal of amortisation and LIBOR transition to SONIA on behalf of High Net Worth Individual – Completed December 2021
This mandate involved a £17.0 million facility secured over a Central London property and also included the re-negotiation of financial covenants.
Advice provided to Overseas Family Office in relation to €119 million Hotel Refinancing – Completed March 2021
5 year refinancing achieved during pandemic.
Extension of £4.5 million Loan Facility for Family Office – Completed January 2021
6 month extension of existing facility secured over a portfolio of UK commercial properties.
Advice in relation to c. £5.7 million loan to develop a logistics facility for an Investor / Developer – Completed November 2020
This development loan enabled the Investor / Developer to effect a pre-let and also build additional logistics space on a speculative basis.
Loan Facility Extension for Family-owned property group – Completed July 2020
£4.5 million facility extended for a 6 month period.
Advice in relation to a c. £8.0 million loan to purchase a Retail Park for Investor / Developer – Completed December 2019
This mandate included not only advice on the facility but also covenant compliance work post-drawdown.
Amendments to £2.5 million facility on behalf of High Net Worth Individual – Completed December 2019
The amendments were to deal with a tenant void and the related impact on rent generation and financial covenants.
Loan Extension and Amendment for High Net Worth Individual – Completed August 2019
Extension of existing £17.0 million facility plus deferral of amortisation and relaxation of financial covenants.
New loan facility for subsidiary of major International Corporate – Completed December 2018
US$15 million unsecured, annually renewable loan facility arranged as part of a significantly larger ongoing mandate. The financing provided additional financial flexibility for the borrower at an attractive cost.
Strategic Advice in relation to sale of Central London property for Overseas Family Office – Completed October 2018
Over £50 million raised for an overseas family office following the sale of a property in the City of London. Although it was a very complex asset, by effectively co-ordinating the sale and legal processes, the transaction was completed in c. 2 months.
Strategic Advice in relation to Planning Consultancy Management Buy-Out – Completed February 2019
Mandated to facilitate the exit of existing major shareholder in the Planning Consultancy with minimum disruption to the underlying business which was successfully achieved.
Refinancing of Investment Facility for High Net Worth Individual – Completed November 2017
£2.5 million, 5 year facility secured over a multi-let property in Central London. A higher LTV, increased headroom in relation to financial covenants and a more supportive lender were obtained for the client.
Strategic Review and new borrowing facilities arranged for a Family Office – Completed April 2017
Review was undertaken on behalf of a well established family-owned property company and assistance provided in respect of c. £7.0 million of additional facilities. The review focused on the different sources or real estate debt, optimal leverage levels, pricing and possible facility structures.
Loan Extension and sale of underlying properties for Commercial Property Owner – Completed April 2017
Extension and stabilisation of £3.2 million overdue real estate loan secured over residential properties prior to the sale of underlying properties. The client avoided enforcement and therefore preserved both reputation and the equity value in the underlying properties. The lender also made a full recovery.
Refinancing of student accommodation property for UK Real Estate Fund – Completed January 2017
£5.0 million, 5 year refinancing of direct let regional student accommodation property. The new facility included a longer maturity, improved pricing and increased headroom in relation to financial covenants.
Refinancing of Investment Facility for High Net Worth Individual – Completed June 2016
£17.0 million, 5 year refinancing secured over multi-let property in Central London. A higher LTV, improved pricing and increased headroom in relation to financial covenants were obtained for the client.
Acquisition Facility for Property Management Company – Completed December 2016
Advised on a £5.0 million, 3 year facility to acquire other companies in the same sector, to enable the client to be a consolidator in this fragmented sector and benefit from economies of scale etc.
Loan Extension and sale of underlying properties for Commercial Property Owner – Completed October 2015
Extension and stabilisation of c. £3.0 million overdue real estate loan secured over two blocks of residential apartments prior to the successful sale of the underlying properties. The client avoided enforcement and therefore preserved reputation and the equity value in the underlying properties.
Loan facility secured over Shares for High Net Worth Individual – Completed September 2014
£4.5 million, 5 year “Lombard Facility” secured over a portfolio of shares. This facility enabled the client to raise very cheap and flexible funding which could be used for general working capital as well as property acquisition and refurbishment.
Strategic Advice in relation to the sale of commercial properties in Central London for Overseas Client – Completed May 2014
Circa £50 million raised for overseas client following the sale of 3 commercial properties in Central London. Correct choice of sales agent, excellent marketing materials and well executed sales process maximised the sale proceeds for the client.
City of London Office Purchase Financing for High Net Worth Individual – Completed January 2014
£10.0 million, 5 year refinancing for purchase of serviced office property in the City of London. Credit approval was obtained and documentation negotiated in line with a challenging completion schedule. The speed of the funding process helped the client secure this property which has proved an excellent investment.
Strategic Advice in relation to land purchases in Bristol, Aberdeen and Manchester for Investor / Developer – Completed January 2014
Land purchased with planning permission for major office developments. Purchases were from distressed sellers at attractive prices. Each site has now been sold or is being developed generating very attractive returns to our client and the relevant investors.
Major 5*Hotel Refinancing for Overseas Client – Completed February 2013
€120.0 million, 5 year financing on behalf of an overseas client. The refinancing was completed whilst the hotel was still being refurbished and there was uncertainty around the final cost of the refurbishment and when the hotel would be re-opened. Attractive terms and conditions were obtained despite the challenging credit risk.