Advising CAF Bank on significant lending deal
Holly Goacher and Chehraz Fox have advised PDT’s (now Cripps) longstanding client CAF Bank on their biggest ever single transaction, lending to a charity supporting homelessness in England. The loan will support the delivery of a hostel and additional accommodation, having a fundamental impact on lives. It will help the charity support over 165 people who are presently awaiting accommodation.
Richard Hunt, Head of Customer & Lending, CAF Bank said: “PDT are a trusted partner in delivering our bank loan programme for charities. Their can-do attitude and ability to provide timely advice are important parts of meeting our customers’ needs.”
CAF Bank specialise in providing banking with purpose & lending into the charitable sector. CAF Bank exists to help charities and housing associations change people’s lives for the better. Their ethos is simple: to treat their clients’ goals as their own.
CAF Bank have been working with PDT Solicitors for many years. A deal of this size involved complex negotiation of the facility and security documents with Holly and Chehraz working within a tight timeframe.
Holly comments: “It has been exciting to see CAF’s lending profile consistently grow over the years we have been working together and we are delighted to have been by CAF’s side on a deal of this size. We really feel part of the team at CAF and it is a pleasure working with a client who is so knowledgeable within their sector.”
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