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Close Brothers Limited

The firm has worked with this major investment bank since February 2013 and since that time have been instructed on over 1,320 transactions.  The firm has advised on loan facilities with a total value in excess of £2 billion – with a gross development value exceeding £3.5 billion.  We advise on all aspects of the due diligence process and loan documentation, which includes on demand development facilities; fixed term facilities and revolving credit facilities.

We also act for the Bank in connection with planning obligations and other agreement, which the Bank is required to be party to by virtue of their security.

An example of a transaction this year involved a revolving credit facility of £7,800,000 with a gross development value of £22,000,000.  The loan facility was to fund, in the development of brownfield site to create 73 houses of which 68 are new dwellings and five are comprised within conversions of existing buildings.

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