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Lawrence Stephens completes transaction in record time

Lawrence Stephens’ Real Estate Finance and Banking team has completed a significant Bridging transaction on behalf of an established Lender client of the firm, in record breaking time. The team, led by Director, Stavros Theophilou, Read more...

Lawrence Stephens’ Real Estate Finance and Banking team has completed a significant Bridging transaction on behalf of an established Lender client of the firm, in record breaking time.

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”.

If you would like to discuss any of the topics raised in the above article, please call us on +44 (0)20 7936 8888, email on enquiries@lawstep.co.uk or contact a member of the team below.