News & Insights

Secured Lending Success in the Lockdown

Despite the lockdown and the restrictions it brought, FSP were successful in advising a substantial Thames Valley commercial property investor on their refinance with National Westminster Bank.

A team at FSP headed up by commercial property partner Dean Bickford and corporate banking legal director Alex Illingworth completed on the secured lending deal for £27M facility involving 23 separate properties and 35 different tenants.

The team were able to work around the limitations imposed in the early days of the Covid-19 restrictions to ensure all the bank’s requirements were satisfied and the client was able to refinance and draw on the facility on schedule.