Posted on: June 4th, 2024 by Natasha Cox
We are pleased to share with you that we have acted on a £6 million loan for our clients Blue Shield Capital on the refinance of three stabilised, income-producing residential assets.
This £6 million facility will allow the borrower to facilitate a restructure of their group operations and refinance some of their property portfolio in order to expand their business.
Ajoy Bose-Mallick Director and Head of Banking led the team with assistance from Senior Associate Ashley Wright & trainee Alex Ruder on banking and Paul Marsh Director on real estate.
Commenting on this transaction, Ajoy Bose-Mallick said “we have completed on another important funding facility for our clients which will expand their loan book and showcase their ability to fund larger complex transactions. Again this deal highlighted the Banking and Real Estate Finance team working seamlessly together to deliver on a successful completion for our clients.”
Posted on: May 2nd, 2024 by Natasha Cox
Our Real Estate Finance team have recently completed their first deal for Butterfield Mortgages Limited – a £3.9million loan over a property in West London.
The loan has a five-year term and was secured over a Knightsbridge property with a value of £6million. The transaction involved the refinance of several leasehold titles
Butterfield Mortgages provide specialised mortgage solutions for domestic and international high net worth clients.
Gregory Palos was assisted by Lawrence Molloy and Sophie Morton who worked tirelessly to ensure a swift and successful completion of this loan which pleased all parties involved.
Lawrence commented: “A complex matter which required careful consideration from all parties, we are delighted to have secured this loan and navigated the multiple refinances involved in this deal. It was a pleasure to work alongside the team from Butterfield Mortgages on our first deal together, and we look forward to strengthening our relationship over the coming months.”
Posted on: April 10th, 2024 by Maverick Freedlander
Lawrence Stephens’ Banking and Real Estate Finance team recently advised Blue Shield Capital on a £3.4 million 12-month bridge loan for the borrower – an ultra-high net worth family office.
The loan will enable the borrower to achieve new planning consent on an industrial asset in London’s Alexandra Palace. The team worked hard to ensure that all aspects of this deal were completed swiftly and thoroughly and achieve the best result for the client.
The Banking team from Lawrence Stephens was led by Director and Head of Banking Ajoy Bose-Mallick, with assistance from Senior Associate Ashley Wright and Trainee Solicitor Alex Ruder. Senior Associate Rachel Coulthard led on the real estate aspects of this transaction.
Ajoy commented: “Collaborating with the team at Blue Shield Capital, we are delighted to have expedited another swift and successful bridging loan for our client. The team worked hard to get this deal across the line and the team at Blue Shield Capital once again demonstrated the utmost professionalism and efficiency.
“Well done to all those involved, as their commitment and contributions led to a fantastic result for all parties involved.”
Posted on: March 19th, 2024 by Maverick Freedlander
Lawrence Stephens’ Banking and Real Estate Finance teams recently advised Blue Shield Capital on a 12-month bridging loan in a complicated deal structure which involved a high amount of property due diligence, multiple contemplated changes in deal structure and complex legal issues that required multi-disciplinary support from the LS team.
The £3.4 million loan facilitates the purchase of a portfolio of 18 flats across Wembley and Harrow. The Lawrence Stephens and Blue Shield Capital teams worked seamlessly together to secure a successful completion for the client.
The team from Lawrence Stephens was led by Director and Head of Banking, Ajoy Bose-Mallick on the banking & finance aspects and Senior Associate Rachel Coulthard on the real estate finance side. They received crucial assistance from a cross-departmental team including Director Gregory Palos, Senior Associates Ashley Wright and Abtin Yeganeh, Solicitor Bola Kim, and Trainee Solicitors Electra Kallidou, Sophie Morton and Alex Ruder.
Ajoy commented: “As always, it was a pleasure to work with the stellar team at Blue Shield Capital to complete this complicated transaction for the client, which makes an exciting addition to their real estate financing loan book.”
Posted on: February 23rd, 2024 by Maverick Freedlander
Lawrence Stephens’ Banking and Real Estate Finance teams recently advised Blue Shield Capital on a £5.7 million 12-month bridging loan. The loan was structured as a development exit loan on a block of 14 residential apartments located in Dorset.
The teams from Lawrence Stephens and Blue Shield Capital worked hard to expedite a swift completion and have subsequently liaised with the borrower on the sale of several of the residential apartments.
On the banking side, the team from Lawrence Stephens was led by Head of Banking and Director Ajoy Bose-Mallick, with assistance from Senior Associate Ashley Wright and Trainee Solicitor Electra Kallidou. Senior Associate Rachel Coulthard advised on the Real Estate elements of this loan.
Ajoy commented: “It was a pleasure working with the team from Blue Shield Capital to complete this transaction. Well done to all those involved in getting this deal over the line with special thanks going to the Blue Shield Capital team on their entrepreneurial and dynamic spirit to complete the deal and to Rachel who was proactive in reviewing the property aspects of this deal in real time”
Posted on: November 2nd, 2023 by AlexT
We are delighted to announce that our Banking & Real Estate Finance team has recently completed a £3.5m loan for a family office lender on land which included a vineyard, within a month of instruction.
A new lender for the firm, the team worked hard to ensure swift competition of this loan.
The team was led by Lawrence Stephens’ Director and Head of Banking, Ajoy Bose-Mallick, with support from Director Paul Marsh, Senior Associates Ashley Wright and Rachel Coulthard and Trainee Solicitor Electra Kallidou.
Ajoy Bose-Mallick commented: “It was a pleasure to work with the lender on this deal, and we were delighted to have facilitated such a quick turnaround for the client and achieve a result which pleased all parties involved.
“The collaborative spirit and hard work of the teams involved was instrumental in getting this deal across the line and we look forward to working with this lender more closely on future loans.”
The lender commented: “We are delighted with the service from the team at Lawrence Stephens and we were particularly impressed by the way in which they handled this deal, were readily available to discuss issues and proactive in driving the deal forward.”
Posted on: June 12th, 2023 by Natasha Cox
Lawrence Stephens’ Real Estate Finance and Banking Teams recently completed a £1.7M refurbishment loan, acting on behalf of Century Capital.
As is usual with Property Financing, the team worked collaboratively and cohesively to complete the transaction for our clients in an efficient manner.
The deal was led by Senior Associate Rachel Coulthard and our Head of Banking Ajoy Bose-Mallick with assistance from Banking Solicitor Rhiannon Hughes who worked on the security documents. The team behind the deal ensured that they reached completion in an orderly and speedy manner to contribute to a successful completion.
The borrower, an experienced developer and renowned interior designer, faced limited financing options due to age restrictions. However, with flexibility being at the heart of the Century Capital ethos, they were able to facilitate a deal that many other lenders would be unable to execute – and Lawrence Stephens was pleased to assist them in completing the transaction.
Ajoy Bose-Mallick comments on the deal: “This was our first completion with Century Capital, and if the willingness of the team to collaborate and communicate with us effectively is anything to go by, we hope it’s the first of many! An absolute pleasure to have completed on this transaction and we look forward to building the relationship on solid foundations!”
Rachel Coulthard comments on the deal: “It’s always great to assist in the completion of a time-sensitive transaction. This case was no exception and a total pleasure to have been able to complete in accordance with the exchanged contract. Looking forward to many more deals to come.”
Posted on: May 31st, 2023 by AlexT
Our Real Estate Finance team recently completed a 36-hour bridging loan for a bespoke private bridge company, in a deal which was completed on 30 May 2023.
The loan helped fund the purchase of a glass factory, after the intended bridge was taking too long, with the team at Lawrence Stephens working closely with the broker and lender to get the deal completed and save the acquisition.
The team was led by Senior Associate Rachel Coulthard, who drafted bespoke security documents on a very tight timescale.
Rachel Coulthard commented: “The team and I worked hard to get this deal across the line despite the tight deadlines and to rescue this particularly complex acquisition. With Aashay’s help drafting bespoke documentation, it was a pleasure to achieve a result which pleased everyone involved.”
The client commented: “We are incredibly grateful for the hard work of Rachel and the team at Lawrence Stephens. With the initial intended loan looking unlikely to be completed in time, their help in preparing the documentation and completely the bridging loan was invaluable in this process.”
