Arbuthnot Latham provides Zamek group with new £39.5m refinance facility
Arbuthnot Latham & Co., Ltd (“Arbuthnot Latham”), the private and commercial bank, has provided Zamek Group with a £39.5m funding facility to refinance the Group’s residential portfolio. The portfolio includes a diverse collection of residential properties and rental income. It is one of the largest property refinance deals Arbuthnot Latham has completed.
Founded in 1994, Zamek Group is a privately-owned property investment, development and trading company with a significant portfolio of properties across London owned by the well renowned property entrepreneur, Nir Zamek. The refinance provided term funding for a portfolio of 14 properties across north London.
Arbuthnot Latham worked closely with Zamek Group and other professional advisors to understand the needs of the client and to structure a facility that included a complex funding structure, incorporating various entities owned by the Zamek Group.
Mark Cotter, Ddirector real estate, Arbuthnot Latham said: “It was an absolute pleasure to work with Nir and his team to complete this complex deal. Working closely with the professional teams, we effectively delivered a comprehensive refinancing package that suited the client’s needs and expectations. We would especially like to thank the team at Howard Kennedy for their proactive and commercial approach, Savills for the professionalism and promptness of their work and finally, Botherton Real Estate who, as usual, demonstrated their reputation in the market as one of the leading debt advisors in the sector.”
Nir Zamek, owner of the Zamek Group, said: “Arbuthnot Latham demonstrated their impressive knowledge and sector expertise. The transaction completed in an efficient and timely manner and that is thanks to the transparent and supportive nature of our lending partner. It was a pleasure to work with Mark and his team and I look forward to continuing our relationship on future projects. A special thanks to the Brotherton Real Estate team who arranged the finance facility and whose creativity and execution expertise was invaluable to the process.”
Tanya Wolfe, director, Brotherton Real Estate also commented on the transaction: “We are delighted to have assisted the Zamek Group with completing this transaction, with particular thanks to the Arbuthnot Latham team for providing a pragmatic and helpful approach to execution. Offering a robust and diverse income stream, residential portfolios that are underpinned by experienced operators such as the Zamek Group are understandably an increasingly coveted asset class by lenders and can attract competitive financing packages as demonstrated here.”
