The team, led by Director, Stavros Theophilou, on the property side and by Associate, Milana Katz on the Banking, side were instructed on the £500,000 bridge the morning of 3rd November and completed on the transaction on 4th November at 16:10. The 31-hour turnaround was a great feat considering the complexities involved.
The Lawrence Stephens team acted for the Lender to assist a Borrower in a probate purchase of a two-storey house in Northwest London with limited title guarantee. Due to the nature of the transaction, the Lawrence Stephens team had to review double the amount of paperwork and draft a bespoke facility agreement within the impressive timeframe.
Milana and Stavros were applauded by both the client and Borrower’s solicitor for their speed, efficiency and taking a very commercial approach. The Borrower’s solicitor insisted that their work was indeed “very impressive”.
Milana Katz, Associate in the Real Estate Finance and Banking department comments on the completion: “We’re always up for a challenge and are compelled to put our best foot forward every time. The completion of this deal is evidence of our commitment to servicing our clients to excellent standards”.