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  • Overview

    Advising a leading investment bank in respect of a loan facility of £5 million to assist with the acquisition and permitted development conversion of redundant office space to residential flats in Yorkshire.

    The transaction was complex as it involved a sub-sale of part, the grant of two long leases, the surrender of three commercial leases and two existing lenders.  With each party instructing their own solicitor the lead partner was required to co-ordinate and manage the process to ensure that the lender’s security was perfected.

    The transaction completed in the summer of 2015.  Since completion the department has been instructed to deal with the introduction of a second lender and the review of a new planning consent for an enhanced residential development scheme.

  • Related Services

    Commercial Property & Development

    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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'For you' Newsletter'For your business' NewsletterConstruction LawThe DeputyTotaland Law Agriculture & RuralTotaland Law Development & PlanningTotaland Law GeneralTotaland Law Landlord & TenantTotaland Law Property & Finance Workplace Law
I agree to be 'opted in' to receive the Thomson Snell & Passmore communications I have selected above. I understand that this means they will send me relevant content based on the options I have selected. \n\n If you do not wish to receive promotional material from Thomson Snell & Passmore please contact us using the following link: info@ts-p.co.uk
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