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.
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.
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.
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.
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.
Advising the purchaser of a mortgage portfolio on the Scottish aspects of the acquisition and its funding by way of a public securitisation.
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.
Advising a major financial institution on its bid to purchase the mortgage book of a high street mortgage lender.