Development Funding

Our property finance solicitors act for individuals and companies borrowing money secured against property assets, whether this is to fund the acquisition of a property or to allow the redevelopment of a property.

Our solicitors are extremely experienced in dealing with the requirements of banks and other companies or individuals involved in property finance.

We also act for private lenders seeking to secure their investment against property.

We take a commercial, pragmatic approach to property finance transactions, making the process as seamless and pain-free as possible.

We can provide legal advice with regarding all aspects of property finance including:

• advising on the loan documentation from the bank or finance institution
• reporting to the lender on the title to the property
• putting in place the appropriate security including a legal charge, debenture, personal guarantee, cross company guarantee, or third party security where appropriate
• dealing with more complex finance structures whereby the lender takes an equity stake in a particular project

With a team of 20 legal professionals dealing with residential development the Myerson residential development team is one of the largest in the North West. The breadth and depth of experience that the team brings is able to be fully utilised to ensure that clients achieve the best possible outcome to their proposed development project. The team is well used to dealing with very complex development matters, whether these relate to complex joint venture structures, overage issues, funding arrangements or residential unit sales.

We provide advice in clear terms tailored to your requirements to ensure that you achieve your desired outcomes with as little stress as possible.

Examples of our recent work include the following:

• acting for a property developer looking to release cash by taking a multi-million pound bridging finance loan secured against a development site in Manchester

• advising a private investor in connection with monies being lent to a development company. Dealing with the creation and drafting of the security documentation and ensuring that a complete due diligence process was undertaken in relation to the development including securing the forward sale of the development in order to facilitate the repayment of the loan monies

• acting for a developer concerning the raising of acquisition and development finance to assist with the development of a substantial residential development site in Manchester.