Club & syndicated debt advisory
for complex UK real estate
Independent, principal-led support for refinancing and recapitalisations - running lender processes, credit materials, covenant negotiation and execution through to completion.
Advisory Services
Practical, hands-on support across the full lifecycle of real estate debt transactions - with a focus on complex refinancing, club and syndicated execution.
Complex Refinancing & Recapitalisation
End-to-end leadership of senior debt refinancing and recapitalisations - from strategy and lender approach through to closing.
Club & Syndicated Debt Execution
Structuring and running multi-lender processes: bank club formation, information flow, term sheet iteration, and alignment across stakeholders.
Lender Materials & Credit Process
Lender pack preparation and management: base case and sensitivities, debt sizing, covenant framework and supporting analysis to facilitate credit decisions.
Negotiation & Term Sheet Leadership
Managing lender engagement and negotiation - Q&A, lender days, term sheet negotiation and documentation principles.
Documentation, CPs & Closing
Coordinating borrower counsel, lender counsel, valuers and technical workstreams; CP tracker management and closing mechanics to deliver on timetable.
Post-Closing Covenant & Relationship Management
Handover to asset management teams, covenant calendar set-up, reporting discipline and early-stage lender relationship support.
How engagements run
A disciplined approach that keeps lenders aligned and execution on track.
1. Diagnose & set strategy
Objectives, capital structure options, timeline, workplan and governance.
2. Lender approach & materials
Lender list, lender pack, model/sensitivities and process management.
3. Credit Q&A and negotiated terms
Q&A orchestration, term sheet negotiation, covenant and documentation principles.
4. Documentation / DD / CP management
Workstreams, DD coordination, CP tracker and execution discipline.
5. Close + covenant calendar handover
Closing support, reporting framework and post-close relationship management.
Senior-level guidance, personally delivered
T&SL Consulting is led by Tim Luckhurst - an experienced finance executive with over 40 years across banking, treasury management, commercial real estate lending, and board-level governance at institutions including RBS/NatWest and First Abu Dhabi Bank as well as being chair for a nationwide UK charity.
Tim’s career spans managing multi‑billion pound portfolios, establishing ESG‑focused lending platforms, and advising on complex real estate finance transactions.
T&SL acts as an extension of your team - providing independent, conflict‑free advice on debt strategy, lender selection, negotiation and execution. Every engagement is principal-led to ensure continuity and accountability from start to finish.
Sector experience
How we work
- Independent - no lender affiliations or conflicted interests
- Principal-led - you deal directly with the person doing the work
- Transparent - clear scope, honest advice, no surprises
- Execution-focused - we deliver completed transactions, not just advice