Loan Book Trading

Why choose Shepherd and Wedderburn for Loan Book Trading?

We are one of the few teams in Scotland with the requisite expertise and experience to deal with all aspects of loan portfolio sales and acquisitions involving Scottish loan collateral.

Our team is regularly instructed by sellers, bidders, purchasers and their funders, having worked on some of the most prominent transactions involving Scottish assets in recent years.

We have worked on portfolios involving:

residential mortgages;
commercial loans and security;
personal loans; and
credit card receivables.

Our involvement includes supporting clients on the entire loan portfolio lifecycle:

lending documentation due diligence;
volume loan file due diligence;
asset sale and purchase and servicing documentation;
advising on asset work-out strategies and enforcement; and
long-term funding strategies, including securitisation and warehouse funding.

Cerberus Capital Management

Acting as Scots Counsel for the funders of the purchase of the £13 billion residential UK mortgage portfolio by US investment firm Cerberus Capital Management from NRAM, the largest residential mortgage portfolio sale since the financial crisis in 2007.

Purchase of commercial loan book

Acting as Scots Counsel on behalf of a US private equity fund in relation to the purchase of a commercial loan book from a UK clearing bank, the secured assets of which included a large domestic shopping centre.

Joint venture

Acting as Scots Counsel for the joint venture vehicle between Blackstone Tactical Opportunities and TPG Special Situations Partners – Koala (Cayman) Limited in relation to the Scottish aspects of the sale of Kensington Mortgage Company and associated companies from Investec to the joint venture.

NAB and Clydesdale Bank

Acting on behalf of NAB and Clydesdale Bank in relation to disposals of their Commercial Real Estate portfolios in Scotland.

UK clearing bank

Acting as Scots Counsel on behalf of a UK clearing bank in relation to the intra-group legal title transfer of circa 3,500 Scottish mortgages.

Wells Fargo

Acting as Scots Counsel on behalf of Wells Fargo in relation to its acquisition of a $23 billion commercial real estate portfolio from GE Commercial Real Estate.

Purchaser of portfolio of UK credit card receivables

Acting for the purchaser on the Scottish aspects of the acquisition of a portfolio of UK credit card receivables, advising on both the purchase aspects and funding arrangements being provided to support the acquisition.

Purchaser of mortgage portfolio

Advising the purchaser of a mortgage portfolio on the Scottish aspects of the acquisition and its funding by way of a public securitisation.

Seller of mortgage portfolio

Acting for the seller in its disposal of a portfolio of mortgages, providing input in the sale agreement and preparing the forms of transfer documents required for the Scottish mortgages within the portfolio.