Top 10 of 1,011 law firms for Development Loan Facilities, Banking

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Development loan facilities cover the financing arrangements that allow a developer to draw funds across a project’s life, from initial site purchase through forming planning permissions to construction and phased completions. A solicitor drafts and negotiates the facility agreement, security package and related documents, coordinates drawdown and repayment mechanics, and handles associated hedging and intercreditor terms. They also supervise title due diligence, planning consents, and enforce security if a borrower defaults, coordinating with lenders and project advisers.

What a solicitor handles in these matters

The solicitor structures the loan, negotiates terms such as advance rates, interest margins, covenants, and events of default, and coordinates the security stack (charges over land, collateral, and guarantees). They draft and review the facility agreement, security documents, and ancillary deeds, ensure perfection of security with filings, and manage intercreditor and step-in rights, drawdown schedules, and variations or novations as the project progresses.

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Robert Rosenberg

Tagged solicitor Robert Rosenberg

As this was my first time purchasing a property in London, I really do not think anything could have been done better. I felt very well taken care of, and any question I had was explained thoroughly. I found it incredibly good value. As I mentioned, this was my first property purchase, so I obviously had a lot of questions, but felt that anything and everything was explained to me in great detail. Yes, I got exactly what I expected as well as more.

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