Bespoke £29.6m Structured Real Estate finance completes in exceptional timeframe
Tailored Structured Real Estate finance deal completes in just six weeks, supporting the transformation of office spaces into 151 residential units in Salford's Media City
Shawbrook has successfully completed a tailored Structured Real Estate finance deal in just six weeks, supporting the transformation of office spaces into 151 residential units in Salford’s MediaCity.
The deal combined a bridge loan and an investment loan into a £29.6m single, bespoke facility—a notable innovation in addressing the challenges of complex property finance as the asset wasn’t stabilised. Typically, this would have involved the client working with two separate lenders and navigating the costs and risks of refinancing; however, we created a hybrid structure, offering a five-year facility and completing in an exceptional timeframe of six weeks.
The transaction highlights our growing capabilities in Structured Real Estate since the team was launched last year. Providing bespoke financing solutions for complex property transactions that don’t fit into the standard lending framework as these deals often involve unique borrower needs, unconventional property types, or non-standard circumstances that require a high degree of customisation in structuring loans.
Shawbrook’s expertise was instrumental in delivering this bespoke solution. Despite the complexities, the team worked closely with us to design a facility that not only addressed the client’s immediate needs but also provided flexibility for future refinancing options.
Karan Doshi, Senior Relationship Manager for Structured Real Estate at Shawbrook, added:
“This transaction showcases Shawbrook’s ability to deliver bespoke solutions for complex property finance needs. By designing a customised finance facility, we demonstrated the flexibility and innovation of our Structured Real Estate offering while ensuring the best possible outcome for the client. The successful completion of this deal further solidifies Shawbrook’s position as a key player in Structured Real Estate, offering tailored solutions for complex cases with efficiency and expertise.”
Addi Spiers and the team from Addleshaw Goddard acted as the Lender’s legal counsel alongside Miles Hunter at Colliers for valuations and Michael Hulme along with Edward Register from Solutus Advisors as Facility & Security Agent.
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