£78M senior first charge facility to successfully refinance a prime Central London commercial office portfolio.
Extensive due diligence was conducted on the underlying assets, including valuation analysis, market positioning, location quality and liquidity considerations. The transaction benefited from a mature and stabilised income base, supported by experienced operators and a strong occupancy profile, providing confidence in the long-term durability of cash flows. The credit review also considered concentration risk, tenant exposure, lease maturity profile and refinancing risk to ensure the proposed debt structure remained appropriate across varying economic conditions.
How we structured it
Unpacked complex titles
Enhanced due diligence to enable lender to get comfortable with complex title structure
Revolving capital recycling
Loan facility was revolving which enabled the client to move assets purchased with the facility onto term debt and recycle the capital to acquire further properties
Streamlined accession framework
Accession documentation for each deal was streamlined to enable rapid completion of due diligence and closing of new acquisitions with agreed acceptable levels of documentation and conditions precedent
