Shawbrook supports property investor with £18.5m facility for diverse commercial portfolio
By Bridging Loan Directory
Shawbrook has supported a client with financing worth over £18.5m, which covers a diverse commercial portfolio including healthcare, industrial, and retail assets in the North of England.
After facing challenges securing a suitable facility for a complex deal involving multiple lenders, the broker turned to Shawbrook for support for the finance needed to cover a diverse range of commercial assets all within the same project.
Shawbrook was able to create a unique package whilst working through several challenges – navigating complex NHS contracts, the involvement of a Trust, a late change of solicitor and even a liquidation.
Despite this, Shawbrook resolved issues quickly to complete the deal providing the client with a loan facility of £18.5million, covering a range of assets with a combined value of £34,290,000.
The deal also facilitates the refinancing of existing loans, offering the client equity release for future projects and acquisitions.
Ehsan Kiani, Broker & CFO at Alliance Group, commented:
“Shawbrook was able to provide a bespoke offering for our client which could not be obtained elsewhere.
The complexities of the deal not only required in-depth expertise but also the appetite to understand a unique finance proposal.
The Shawbrook team took time and effort to deliver an exceptional level of service for our client.
As well as overcoming the refinance challenges with swift solutions, they provided a release of equity that supports the client’s future growth plans.
We look forward to working with Shawbrook again in the near future.”
Tirath Singh, Senior Relationship Manager at Shawbrook, added:
“We devised a tailored package to meet complex needs and provide the client with a term loan that met all the requirements of a diverse commercial asset portfolio.
I am proud that the team was able to offer a facility not available anywhere else, showcasing the capability, adaptability and expertise of our structured real estate offering.
This would not have been possible without excellent collaboration across the team and our supporting partners, and I would like to extend our thanks to the valuation team at CBRE, as well as the legal team at Brecher LLP.”
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