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  • Overview

    Advising a leading European bank in respect of a new loan facility of circa £10 million to be secured over a portfolio of 89 residential investment properties.  The transaction required completion within a period of six weeks to ensure that all properties were transferred and financed prior to the change in stamp duty land tax applicable to residential investments properties. The project was led by a partner, who co-ordinated the due diligence process, structure and completion arrangements.  Due to the large volume of documentation all due diligence was processed via a dedicated online deal room.  Each fee-earner within the team was tasked with completing due diligence review and reports for a set number of properties in the portfolio. The project team was made up of four partners, three senior associates, two associates, three solicitors, two trainee solicitors and a paralegal.  Despite the transaction being complex and having a tight completion deadline, the Department, by working methodically and as a team, successfully completed the transaction on time and within budget, leaving a very happy client.

  • Related Services

    Commercial Property & Development

    Our Commercial Property & Development team give commercially orientated advice and ensure a speedily concluded transaction whether you are purchasing, selling or leasing commercial property.

    Property finance

    Whether we are acting for the senior lender, mezzanine funder or the borrower we provide commercially focussed advice aimed at ensuring the deal is completed within the required time frames whilst still protecting our client’s interests. Our role is more than simply knowing the law, it is about applying our knowledge to the deal to get it done.

Get In Touch

By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

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General Private Client UpdatesGeneral Commercial UpdatesConstruction UpdatesCourt of Protection UpdatesAgriculture & Rural Affairs UpdatesCommercial Property UpdatesEmployment UpdatesDispute Resolution UpdatesCorporate & Commercial UpdatesCharities & Not for Profit UpdatesFood & Drink UpdatesEducation UpdatesTransport & Logistics UpdatesFamily Business & Owner Managed Businesses Updates

I agree to be ‘opted in’ to receive Thomson Snell & Passmore newsletters, event invitations and other publications that are related to the subject matter of this event or my industry sector. I understand that this means they will send me these communications by email

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Jargon Buster