Refinancing of corporate property investment portfolio of six office blocks – £18m property loan by ABN Amro.
SP on behalf of a family office arranged to re-bank its portfolio of four commercial office buildings with ABN Amro. This refinancing package involved repayment of £13m of existing mortgage debt held with RBS International secured on the four commercial office premises and the acquisition of a fifth commercial office building in Jersey.
SP have provided advice upon valuations and structuring of its debts and acted as an intermediary to negotiate a new £18m mortgage funding package to allow further capacity to supply additional space to satisfy the growth of requirements from existing tenants.