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.