Santander & Harron Homes
Gordons advised Santander’s corporate team on £15,000,000 group facilities to Harron Group Limited and its subsidiaries for them to refinance existing facilities and to fund future land acquisitions and developments across England. We consider that our appointment by Santander on one of their higher profile deals of 2013 in our region speaks volumes of Gordons’ increasing reputation throughout Santander and the sector more generally.
The deal involved some particularly unusual arrangements for which we received praise from Santander and Harron for our creative and clear approach and since the refinance completed, we have received several further instructions in connection with the loan facilities as they are drawndown to fund land acquisitions and their subsequent development.
In a time when a shortage of housing remains a key issue in the economy, Harron Group’s ambition to build at least 900 homes across Yorkshire over the next few years is something that we are delighted to be assisting with.