With assistance from our Private Client and Corporate teams, we had recently assisted with restructuring the Estate such that the ownership was transferred from individual trustees to corporate trustees, to streamline Estate management. This meant that the team already had a comprehensive understanding of the Estate’s ownership structure and property holdings.
We worked closely with our client to obtain the information required in order to satisfy the lender’s solicitor’s due diligence enquiries. Where necessary, we offered pragmatic and sensible solutions to navigate obstacles and comply with any additional requirements (including third-party consent and an existing loan redemption).
Our client was able to use the borrowings to assist with the management of the Estate, carry out various development and conservation projects and invest in the local community.