This is the third investment that InfraRed NF has invested in Changsha.
The team advised InfraRed NF on the debt and security structure from a BVI and Cayman Islands law perspective and assisted them throughout the transaction as offshore counsel. The transaction was led by Partner Fiona Chan, who was supported by Senior Associate Prabha Sasidharan and Associate Karina Li.
The loan is secured on a plot of residential land in Changsha with credit enhancement from a residential development in Ningbo.
Fiona Chan commented: “We are pleased to be instructed by InfraRed NF once again to provide multi-jurisdictional financing advice. Our team has an extensive range of expertise enabling us to provide comprehensive, practical and commercially minded legal advice tailored around our clients needs. We work with a number of our clients on a recurring basis which is a testament to our hard working and diligent team.