Shawbrook has provided over £18.5m in financing for a commercial property portfolio in the North of England.
The portfolio includes healthcare, industrial, and retail assets, valued at more than £34m.
After facing difficulties in securing a suitable facility for the complex deal that involved multiple lenders, the broker contacted Shawbrook for assistance.
Shawbrook created a tailored package to address several challenges, such as navigating NHS contracts, working with a Trust, dealing with a late change of solicitor, and handling a liquidation.
Ehsan Kiani, broker and CFO at Alliance Group, said: “Shawbrook was able to provide a bespoke offering for our client which could not be obtained elsewhere.
“The complexities of the deal not only required in-depth expertise but also the appetite to understand a unique finance proposal.
Kiani added: “The Shawbrook team took time and effort to deliver an exceptional level of service for our client.
“As well as overcoming the refinance challenges with swift solutions, they provided a release of equity that supports the client’s future growth plans.
“We look forward to working with Shawbrook again in the near future.”
Tirath Singh, senior relationship manager at Shawbrook, said: “We devised a tailored package to meet complex needs and provide the client with a term loan that met all the requirements of a diverse commercial asset portfolio.
“I am proud that the team was able to offer a facility not available anywhere else, showcasing the capability, adaptability and expertise of our structured real estate offering.
“This would not have been possible without excellent collaboration across the team and our supporting partners, and I would like to extend our thanks to the valuation team at CBRE, as well as the legal team at Brecher LLP.”
