Adapt Finance has completed its biggest ever deal after teaming up with Amicus who provided £5.2m worth of funding for the purchase of a vacant £8m office building.

Adapt’s Jordan McBriar said he was convinced the biggest ever single loan between the two firms was only completed because he had recently met up with Tony Bellis, valuer at Robert Sterling and Daniel Fireman, solicitor at Howard Kennedy at the inaugural Amicus stakeholder workshop.

“This is our biggest ever completed loan and I genuinely believe things went as smoothly as they did because Tony, Daniel and I were on the same debating table at the workshop event,” said Jordan.

“We debated ‘speed v accuracy’ and agreed that this balance could only be achieved if all parties were in direct personal contact from the start, and this completion is a perfect example of how this works in practice...all stakeholders working with one objective, a professional job completed within demanding time lines.”

Ian McCarrell, Underwriter at Amicus, also praised the collaboration in getting the deal over the line.

“There was considerable pressure to complete this funding, and the fact that we were able to do it in just 18 days from receipt of application was due to the outstanding collaboration we received from Tony Bellis, our valuer at Robert Sterling, solicitor Daniel Fireman of Howard Kennedy and, of course, Jordan McBriar and Steve Burns at Adapt Finance,” said Ian.

“Another encouraging aspect of the transaction was the client’s solicitor was very proactive, something that is rare in a borrower’s solicitor.”

Keith Aldridge, Managing Director at Amicus, said Adapt was one of a growing number of introducers able to satisfy the many questions that come with an application of this complexity.

“They make life a great deal easier for our underwriters by responding quickly and in detail and providing the confirmation of exit that is essential for mitigating our risk,” concluded Keith.