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Lawrence Stephens Completes Two Multimillion-Pound Loans in One Week
November 2021
A team of solicitors from Lawrence Stephens pulled out all the stops for client VM Finance Ltd to complete finance facilities worth over £5.9 million in less than a week.
The transaction concerned a simultaneous senior loan facility of £4.6M and mezzanine finance just over £1.2M to fund the acquisition of two freehold units in Ealing and their subsequent development into 12 residential flats.
The complex finance structure also included mezzanine finance provided by VM Investments Limited, a separate investment company within the VM Group.
The transaction was led by Head of Real Estate Finance, Gregory Palos, with assistance from a cross-departmental team involving Senior Associates, Rachel Coulthard and Indre Johnston (Real Estate Finance & Banking), Director, James Lyons (Corporate & Commercial) and Consultant, Anne Wright (Construction & Development Finance).
Working in collaboration, the Lawrence Stephens team utilised their diverse areas of expertise and experience to complete the transaction with the utmost attention to detail. The client was delighted with the quality of service and exceptional pace at which Lawrence Stephens turned around the deal, praising the solicitors’ “great team effort”.
Gregory Palos, Senior Director and Head of Real Estate Finance, comments:
“This recent transaction is an excellent example of how Lawrence Stephens’ collaborative and client-focused work ethic consistently delivers the best possible commercial results for our clients. We’re delighted to have assisted VM Finance Ltd with this complicated transaction, and we very much look forward to our future work together.”
Andrew Evans, Head of Lending Services at VM Finance Ltd, comments:
“Part of our value proposition is thinking commercially and being able to respond to our clients’ requirements swiftly. The team at Lawrence Stephens understands this and operates from a similar ethos. This was on display in the execution of this complex transaction, which required sharp focus in identifying the optimal structure whilst delivering against tight timescales.”