Mishcon de Reya has advised ASK on the completion of a senior loan facility to support the refinance of a UK-based specialist care and education group. This transaction marks ASK’s first corporate loan, representing a significant milestone in its growth as a lender.
The borrower, an affiliate of Blandford Capital LLP, a London-based private investment firm, required a lender able to structure a facility around both the business’ operational performance and the underlying real estate value, which stands at approximately £90 million.
Daniel Lipman, Commercial Real Estate Partner at Mishcon de Reya, added: “We are delighted to have advised ASK on this landmark transaction, which not only marks their first corporate loan but also demonstrates the innovative structuring required to support both operational performance and real estate value.”
The Mishcon de Reya team was led by Daniel Lipman, with support from Nick Strutt (Partner, Real Estate Finance), Julien Amoruso (Managing Associate, Real Estate Finance), Giovanni Castronovo (Managing Associate, Commercial Real Estate) and Mackenzie Marston (Paralegal, Commercial Real Estate).
With over 140 fee earners, including 46 partners, Mishcon de Reya's Real Estate department is one of London's largest and most diverse property teams. Our Real Estate department includes well-regarded specialist practice areas and provides a one-stop shop for all of our clients' property requirements, delivering a seamless service from investment, structuring, funding, acquisition and planning, through to construction, development, tax and litigation advice. Real Estate is one of the three key strategic sectors outlined in the firm's Vision 2030.