Skip to Main content

Search results for ''...


Sorry, there were no results

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.

Newsletter Sign Up

I would like to receive newsletters, event invitations and publications from Thomson Snell & Passmore by email on the following topics (tick all those that apply) and consent for my data to be processed for this purpose.

We respect your privacy and want news to be relevant. To either, click here or update your preferences by emailing us at info@ts-p.co.uk. Your personal data shall be treated in accordance with our & .

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.

Newsletter Sign Up

I would like to receive newsletters, event invitations and publications from Thomson Snell & Passmore by email on the following topics (tick all those that apply) and consent for my data to be processed for this purpose.

We respect your privacy and want news to be relevant. To either, click here or update your preferences by emailing us at info@ts-p.co.uk. Your personal data shall be treated in accordance with our & .

  • Overview

    Matthew Grogan and Catherine Linsell acted on behalf of Paragon Development Finance Limited in connection with the completion of a £4.3m loan facility. 

    The loan was to be used for the furtherance of the Developer borrower’s land banking, and subsequent plans for the erection of over 1,000 homes, business spaces and a primary school in the region. The Bank has supported the Developer’s proposals over several years and has now provided loan facilities totalling some £25m in connection with the project. Full planning permission for the scheme is awaited.

    The due diligence exercise on the project was complex and the Thomson Snell & Passmore team were asked to provide specific advice in connection with the existence of, and ability to secure vacant possession of,  nine business tenancies. In addition, various issues arising from the title, historic contamination and TUPE had to be resolved by the Thomson Snell & Passmore team alongside the Developer’s lawyer.

    We were pleased to receive the following feedback from Paragon, which we feel demonstrates Thomson Snell & Passmore Property Finance team’s strengths: “Thomson Snell & Passmore's reporting style is concise, straight forward, and goes into exactly the right level of detail needed for any response. Thomson Snell & Passmore work well as a team, if one member is away or unavailable to discuss a facility they are assisting with, there is always another on hand who is up to date with proceedings. Matthew and Catherine are prime examples of this strong work ethic.”

    The Thomson Snell & Passmore team continue to work closely with the Bank and the Developer on the project.  This includes granting consents for temporary leases and the negotiation of s106 Agreements to be entered into in support of planning permissions for the proposed development.

  • Related Services

    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.

Newsletter Sign Up

I would like to receive newsletters, event invitations and publications from Thomson Snell & Passmore by email on the following topics (tick all those that apply) and consent for my data to be processed for this purpose.

We respect your privacy and want news to be relevant. To either, click here or update your preferences by emailing us at info@ts-p.co.uk. Your personal data shall be treated in accordance with our & .

^
Jargon Buster