Weetwood Properties has refinanced its property portfolio with support from Handelsbanken which provided a £3.8m term loan facility.
The Leeds-based property company is a family owned business which comprises both commercial property and professional and student buy to lets.
Managing director of Weetwood Property Mike Emery commented: “It’s great news that Handelsbanken has supported us and evidence of their commitment to this project – we look forward to developing our relationship with them.”
Legal advice was provided by Philip Dine, Andrea Unwin and Ben Slack of Leeds law firm Clarion with Mike Jackson and Daniel Taylor of BHP providing tax advice.
Ben Slack commented: “It was a pleasure to work with Mike and the family and his long trusted advisers, property agents Moores in securing this refinance for the benefit of the long term future of the family’s property portfolio.”
Nick Wyril of Handelsbanken commented: “We are delighted to welcome Mike and his family as customers of the bank and look forward to working with them. The professional teams, which included Shoosmiths working for the bank and Clarion for the client, were under significant time pressure and had to cope with a few unexpected obstacles along the way, but worked together to make this happen.”