Funding construction and other development projects poses additional risk issues for lenders. Dealing with these requires a full understanding of the underlying construction and development contracts to provide the best legal and commercial protection for the lender. Our construction, real estate and banking lawyers work closely to achieve our lender clients' objectives.
Work experience/case studies:
- Advising HSBC Bank plc on £5m loan facilities to PG Group to fund the construction of luxury apartment blocks in Weston Super Mare.
- Advising Allied Irish Bank on £2m facilities to fund the conversion of buildings to apartments, Dundry Investments Ltd in inner city Bristol.
- Advising ROK Group on standard bank guarantee and trust account documentation to provide security for performance by SPV developers.
- Advising Dunbar Bank plc (as South West panel firm) on a number of loans to fund residential developments in the South West - loans typically £1m-£2m.
