Protopapas LLP completes three particularly complex and high value refinance transactions, acting for borrowers.
Whilst we routinely act on bespoke refinancing transactions, acting for bank, or borrower, our recent work on three major refinancing deals, acting for three different private investors/borrowers, demonstrates our team’s ability to navigate complexity, coordinate across borders and deliver results. At Protopapas LLP, we pride ourselves on delivering tailored legal services especially in respect of high-value, complex, multi-jurisdictional transactions.
These transactions also underscore a resounding vote of confidence in the resilience and long-term value of, and vision in, the London property market. Amidst a complex current economic backdrop, we have continued to advise on and facilitate high-value refinance transactions that reflect both continued investor confidence in London and lender appetite for large-scale property financing.
£40million LOAN FACILITY
Transaction Type: Property Portfolio Refinance and Motor Vehicle Finance
Overall Loan Value: c£40 million.
Lender: Alpha Bank London Limited and one other.
Properties: 23 commercial and residential properties; and 19 motor vehicles (classic cars).
Borrowing Entities: 17 offshore companies.
Protopapas Team: Zoë Protopapas, Chrysanthos Protopapas, Patrick Lees, Michael Goodman, Michael Michael, Maryam Aziz, Celine Liu
Lender’s Solicitors: Freeths
£14million LOAN FACILITY
Transaction Type: Property Portfolio Refinance
Overall Loan Value: c£14 million.
Lender: National Bank of Kuwait
Properties: 16 commercial and residential properties
Borrowing Entities: 9 offshore companies; 1 English company.
Protopapas Team: Zoë Protopapas, Monica Protopapas, Chrysanthos Protopapas, Maryam Aziz
Lender’s Solicitors: Trowers & Hamlin’s
£19million LOAN FACILITY
Transaction Type: Property Portfolio Refinance
Overall Loan Value: c£19 million.
Lender: Alpha Bank London Limited.
Properties: 17 residential properties.
Borrowing Entities: 10 offshore companies.
Protopapas Team: Zoë Protopapas, Monica Protopapas, Chrysanthos Protopapas, Maryam Aziz
Lender’s Solicitors: Wedlake Bell
Chrysanthos Protopapas, Managing Partner at Protopapas LLP commented: “These transactions reflect the strength of both our team and our ability to deliver results in complex, multi-jurisdictional environments. We are proud to support our clients and it has been a pleasure working with the lenders and their legal teams. The successful completion of these deals is a testament to the collaborative spirit and expertise of our team and also demonstrates continued confidence in the London property market.“