Loan Portfolio Sales and Purchases, Residential Mortgage Back Securitisations and Bank of England’s Discount Window Facility

The arranger and joint lead managers on the circa GBP10bn securitisation of a portfolio of buy-to-let mortgage loans originated by Bradford & Bingley and Mortgage Express on the sale of a portfolio of loans by Bradford & Bingley following a competitive bidding process arranged by United Kingdom Asset Resolution.

The financing banks on the acquisition by Cerberus Capital Management of GBP13bn Northern Rock Mortgage assets from UKFI. The sale comprised of performing and non-performing residential mortgages and unsecured loans from the legacy book of NRAM, the former Northern Rock mortgage business.

A British Retail Bank on the sale of circa GBP 4bn residential mortgage portfolio to a large financial services organisation.

A multinational company on the sale of substantially all of the assets and business of one of their subsidiaries, a UK provider of first and second charge mortgages and unsecured loans. Various banks and building societies – asset due diligence for participation in the Bank of England Discount Window Facility.

Various banks and building societies – asset due diligence and regulatory advice on the establishment of covered bond programmes and updates and issuances of residential mortgage backed securities. 

An institutional investment management firm on the acquisition and financing of a circa EUR930m portfolio of Spanish mortgage loans.

Real Estate Finance Private Equity Firm in connection with a circa €800m purchase of hotels and hostels across Europe.  An international bank in connection with the circa £175m financing of a portfolio of commercial units and the subsequent securitisation of the assets. 

Various lenders in providing finance for acquisitions and development projects with borrowers. Social Housing Finance Transactions Advising Fiera Infrastructure Inc on its establishment of Domus Housing Social Ltd, a newly created social infrastructure platform and the related acquisition of a portfolio of properties.

London & Quadrant and East Thames in connection with a £2.6bn refinancing (the largest ever refinancing in the UK social housing sector). 

The security trustee and joint lead managers in connection with the establishment of the L&Q £2.5 billion EMTN programme. 

The security trustee and joint bookrunners in connection with The Guinness Partnership £400 million bond.

The security trustee and joint lead managers in connection with real estate assets provided as security by a range of social housing providers for both the issuances of bonds and further charging exercises.

Real Estate The real estate fund of a global investment bank on a number of acquisitions and disposals of retail and office parks in England. 

A private equity real estate business on the purchase, management and subsequent disposal of a retail park for circa £55 million.

A subsidiary of a sovereign wealth fund on lettings and property asset management. 

An international beverage company in connection with the purchase of its purchase of a property in London for its HQ for circa £30 million.