Our client, a Singapore owned company, was seeking a new long term facility with no private banking relationship involved. Our team assessed the company details, as well as the ultimate beneficial owners, and successfully negotiated with a prominent UK bank to agree to the clients desired terms.
Although a significant loan amount was required, the team negotiated terms with low fees, no amortisations and no personal guarantee. The team worked with the solicitors to iron out any issues and ensure a smooth and timely close for the transaction.
- Prime central London apartment
- Property value: £10,000,000
- Loan amount: £7,000,000
- 10 year facility
- Interest rate: 1.85% over base rate