Westfort has successfully advised on a loan restructure for a £50m office building in Canary Wharf.

The Sponsor was facing an upcoming maturity and the multi-let asset had a short WAULT which made refinancing the loan difficult.

Westfort obtained feedback from potential refinancing lenders, and this fed our analysis to achieve a successful loan restructure and extension. This enabled our client to focus on asset management initiatives and re-gear some of the leases and refinance the loan with a stronger asset.