Debt Advisory Deals

Laxfield Debt Advisory has worked on transactions valued at more than £2bn in the past eighteen months. With CRE funding in the UK proliferating, borrowers use our help to navigate the market, price their deals, and structure them for long term success. No one understands the lending market as well as we do.

Here are some of the mandates, objectives and achievements from our first year of successful trading.

SUMMARY

Portfolio of Central London retail, restaurant and residential assets

Loan: £35m

LTV: 55%

Term: 10-15 years

BORROWER REQUEST

Long term financing

Interest only

Efficient pricing

Establish new Lender relationship

LAXFIELD ACHIEVED

£5m more loan proceeds with margin optimised and no amortisation requirements

10 & 15 year mixed maturities.

Operational flexibility structured within a fixed rate loan

SUMMARY

Major mixed use Central London development

Loan: £121m

LTC: 60%

Term: 5 years

BORROWER REQUEST

Development loan with highest loan proceeds

Flexibility on term to hedge risk of overrun in construction timetable.

LAXFIELD ACHIEVED

£31m additional loan amount

£12.5m cost savings

Term increased by 2 years to allow for stabilisation and flexibility.

SUMMARY

Mixed use asset well located in Central London

Loan: £26m

LTC: 40%

Term: 8 years

BORROWER REQUEST

Optimum loan term to facilitate an efficient amortisation structure.

Floating rate facility

Pricing optimisation

LAXFIELD ACHIEVED

Long term floating rate facility

Fully amortising facility

£435k Borrower cost saving

SUMMARY

Complex refinance of a 400 acre life science park

Loan: £25m

LTC: 62.5%

Term: 5 years

BORROWER REQUEST

Maximum loan proceeds

Establish a relationship with a lender who understood the site's wider ongoing projects and potential future value enhancement.

LAXFIELD ACHIEVED

£25m loan achieved

Total borrower saving of £1.06m from margin and arrangement fee negotiations.

SUMMARY

Acquisition finance of hotel portfolio

Loan: £100m

LTV: 62.5%

Term: 5 years

BORROWER REQUEST

Funds to be available for a time-constrained acquisition process.

Circa 60% LTV

LAXFIELD ACHIEVED

Terms achieved to acquisition timetable.

Full proceeds raised from individual lenders.

Margin optimised with £4m additional loan proceeds.

SUMMARY

Strategy paper for a UK REIT, evaluating refinancing options available for a £500m debt facility.

BORROWER REQUEST

Understand available financing options for a portfolio of assets.

LAXFIELD ACHIEVED

Analysis of the REIT's position in market.

Determined how the REIT could improve flexibility, price and security by diversifying its funding base