BBS Law is pleased to announce the successful completion acting on behalf of a retained client, in securing a £2,275,000 loan facility from Shawbrook Bank, marking a crucial step forward for an exciting residential development project in Woolwich, southeast London.
The loan will finance the development of 11 residential units to be constructed above an existing building, contributing to the ongoing regeneration and housing initiatives in the Woolwich area. This project showcases the continued confidence in London’s property market and the potential for innovative urban development solutions. Throughout the process, BBS Law worked diligently ensuring a smooth and efficient transaction. The successful outcome is a testament to the collaborative efforts of all parties involved.
Avi Barr, partner at BBS Law, commented on the transaction: “We are pleased to have played a part in securing this crucial loan facility for our client’s development project. I would like to extend my sincere thanks to all parties involved, particularly my colleague Ellen Roberts and Shawbrook Bank for their support as well as Kalms Property Finance for their excellent brokerage services. This collaborative effort has paved the way for an exciting residential development in Woolwich.”
This transaction underscores BBS Law’s expertise in real estate finance. We look forward to seeing the progress of this development and its positive impact on the Woolwich community.
For more information about this transaction or our real estate finance services, please contact Avi Barr.
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