England - London • Real estate

Thomson Snell & Passmore

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Richard Ellard heads the Tunbridge Wells based Thomson Snell & Passmore, which counts senior debt lenders, mezzanine and short-term lenders, as well as high-net-worth individuals and corporate borrowers among its clients. Loan and security documentation, development and acquisition finance, loan restructuring and portfolio refinancing are its key areas of instruction. Matthew Grogan and senior associates Laura Keatley and Nicole Priestly are recommended.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘My dealings are with Nicole Priestley and Richard Ellard, and so to me, they are the team. I particularly like that they are proactive rather than reactive and always appear to be on the front foot. They are focused on getting the job done. If or should I say when there are issues along the line they'll tell you what they are, what the options are for dealing with it and which they'd recommend and why. This is far more preferable than throwing the ball into my court.’

  • 'Matthew Grogan has resourced his team with good quality lawyers, trainees and paralegals to enable them to provide us with adequate and efficient service in meeting both our, and our clients', demands. Under Matt's guidance, the team are among the best I have worked with in terms of their knowledge, ability to explain an issue and written communication.'

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Key clients

  • Close Brothers Limited
  • Paragon Development Finance Limited

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Work highlights

  • Advised Paragon Development Finance Limited in connection with a senior loan revolving credit facility of £19 million and intercreditor arrangements with junior lenders and equity providers. The debt and equity was used to fund a phased development of 100 residential houses in Lincolnshire with a GDV of £30 million.
  • Advised Aldermore Bank Limited on a development loan facility of over £7 million to assist a borrower working in partnership with Housing Growth Partnership, in turn backed by Lloyds and Homes England, to acquire and develop a site in Preston with planning permission for 195 dwellings.

Abbreviated data is displayed for this firm.