Real Estate Finance
Financial Institutions
Gregory Palos
December 2024
The Lawrence Stephens Real Estate Finance team is pleased to have advised regular client LHV Bank on the £7.4m refinancing of a parade of shops located in a prominent Essex town, secured across multiple titles with more than 20 tenants and leases. The facility also refinanced a bridging loan, ensuring the client’s financial goals were met within a tight timeframe.
The team worked closely with LHV Bank to review multiple cash flow scenarios across more than 20 leases while ensuring clarity on security positions across multiple titles. Collaboration across internal departments including credit, operations, and finance was vital to work to the tight deadline. Our team ensured that the entire process was completed ahead of schedule. Originally targeted for completion on 29 November, the deal was finalised two days early thanks to seamless collaboration between our team and the bank.
Conor McDermott, Director of SME Lending at LHV, commented: “The team worked tirelessly with Fine Mortgages to complete this on challenging timescales, with the transaction completed within eight working days of approval. Special thanks to the legal team at Lawrence Stephens led by Anna Christou, who worked on this over the weekend to ensure a successful refinance.”
Greg Palos, Head of Real Estate Finance at Lawrence Stephens responded: “Despite the complexity and speed of this transaction, our sector expertise and the strength and depth of our team contributed to an excellent outcome for our client.”
