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.

Dean and Alex were assisted by Zara Fraczek-Streeter (paralegal, commercial property).