White Stone Development secured a loan for PLN 43 million. SSW Pragmatic Solutions acted as the Borrower’s counsel
SSW Pragmatic Solutions advised White Stone Development on negotiating a facility agreement and a package of finance documents with Santander Bank Polska. Under the agreement, an SPV from White Stone Development capital group was granted a loan for the purposes of financing a construction project in Szczecin.
White Stone Group is a developer of modern residential and commercial real estate in Poland. It has erected 29 residential buildings with a total value of over PLN 2 billion, 8 commercial buildings and 150,000 sqm of office space.
The process was comprehensively supported by SSW lawyers from the Banking and Finance team. The project team was led by Szymon Okoń, Ph.D. (partner), supported by Tomasz Kwaśniewski (senior associate) and Edyta Rękawek (senior associate).