Macfarlanes advises a private HNW investor on a £25m refinancing for two Sainsbury’s supermarkets
13 November 2018Macfarlanes has advised a high-net-worth investor on a £25m refinancing facility in respect of two large Sainsbury’s supermarkets in Hinckley and Middlesbrough.
Funding was secured from Deutsche Pfandbriefbank AG for a new five year investment loan which was drawn in October 2018.
Macfarlanes also acted on the original acquisition and development facility for the two properties in 2014 and 2015 respectively.
The Macfarlanes team was led by finance partner Colin Morgan with assistance from solicitor Matt Mawson. Real estate expertise was provided by partner Dan Marriott alongside solicitors Charlotte Youngs and James Rees.
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