We are delighted to announce that Lawrence Stephens has successfully acted for a long-term valued client to complete a £32 million property refinance against an Outer London mixed-use property.
The 32 million-pound refinance was secured against the property in London’s Ilford, which had been recently converted by the client from office space to 106 residential flats and one commercial unit.
Senior Directors Gregory Palos and Steven Bernstein and Director Paul Marsh led their teams of skilled Real Estate Finance and Banking solicitors to bring the transaction to a successful conclusion within the client’s preferred timeframe. With a deadline to complete before Christmas, Lawrence Stephens’ solicitors worked diligently alongside several lenders to close the deal on 24 December 2020.
Gregory Palos, Head of Real Estate Finance, comments:
“We are delighted to have completed this high-value and complex property refinance on behalf of our long-standing client. The dedication and pace at which our teams worked to turn this deal around at an exceptionally busy time of year is yet another great example of our collaborative, client-focused attitude resulting in client success.”
The swift turnaround of this multi-million-pound property transaction tops off a highly successful year for Lawrence Stephens Real Estate Finance and Banking Department, which continues to develop an impressive portfolio of high-value property transactions.