25th March, London – Lawrence Stephens assisted Whitehall Capital with the completion of a crucial bridging loan, seeing the deal through in 5 days.
Lawrence Stephens acted for the privately funded specialist loan provider on a £714,000 loan for a mixed-use scheme valued at £1.4 million. The Darlington, County Durham property comprises 30 flats and a commercial ground floor and the loan has a term of 12 months.
This deal follows advice Lawrence Stephens gave to Whitehall Capital back in January, which helped the firm complete a bridging loan worth three quarters of a million pounds for a portfolio of Birmingham flats.
Anthony Bodenstein, CEO at Whitehall Capital commented:
“I’d like to extend my gratitude to my extremely efficient team that was able to complete the loan in just five days, with special thanks again to Avi Barr and Nishta Camiah from Lawrence Stephens Solicitors, who worked extremely hard to get the deal closed so quickly.”
Avi Barr, Real Estate Partner at Lawrence Stephens commented:
“Once again it has been fantastic to work with Anthony and the whole Whitehall team and complete this deal within the extremely short time frame. It’s testament to our strong relationship as well as the bespoke, personal service Lawrence Stephens provides that this high profile loan could be completed so successfully. I look forward to working on our next loan together!”