Collas Crill has assisted The Royal Bank of Scotland International Limited (RBSI) with the amendment and restatement of a £23 million facility to Bazaar Investments Limited, Provincial Investments Limited, Dandi Harrow Regeneration Limited and Dandi Four Limited.
The facility is to refinance a portfolio of residential properties in London, including an element of development finance to enable the borrowers to grow their portfolio.
The transaction involved advising on an English law finance package, a security suite consisting of English and Guernsey law security, and Guernsey corporate law matters.
The Collas Crill team acting for RBSI was led by group partner Paul Wilkes, assisted by senior associate Tristan Ozanne and associate Ben Le Page. Collas Crill also acted for the borrower group with that team being led by group partner Wayne Atkinson, assisted by senior associate Gareth Morgan and associate Annabel Bishop.
Tristan commented: “Collas Crill has a strong team with fantastic expertise in real estate finance transactions and this is another in a long line of great deals we have completed in 2018.”