Manjit covers a broad range of commercial property work; but specialises and leads the firms Secured…View Profile View all
Schofield Sweeney acted for prominent high street lender in consolidation of existing loans and capital raise of £7,000,000. The work included the production of three separate loan agreements to connected parties encompassing a number of mixed use properties and over 100 tenancies.
The loan was to be hedged by way of a SWAP and Schofield Sweeney acted for the bank on ISDA documentation, property reports and other various security. The transaction formed part of a restructure for the Borrower. The transaction was led by Manjit Virdee, Karen Crutchley and Andrew Hurst.