Elpis Korosidis

Partner | Melbourne

Elpis is a Banking & Finance and Property Lawyer with over 30 years’ experience, and is known for her commercially-focused advice and impeccable service. Her niche is an inch wide and mile long – she has a particular passion for anything property related – whether it be funding, selling/purchasing, developing or leasing. Throughout her career, Elpis has acted for a whole host of financiers, both bank and non-bank lenders and has a wealth of experience in this space. Elpis also acts for a number of highly active property developers, with her expertise covering all forms of legal requirements for both commercial and residential property transactions.

When she’s not in the office, Elpis is busy giving back to her community. Amongst a number of roles, she was the Chair of a charity streetwear store, “Homie”, a board member of “Griefline” and is currently the Chair of a profit-with-a-purpose organisation called PRONIA. She is also heavily involved in assisting women who are experiencing family violence – a mission very close to her heart.

Expertise

Experience

  • Lender clientson the development and implementation of new products which provide lender clients with the essential tools to balance elements of risk management, service and price.
  • Banking and Finance clientson the preparation and negotiation of a range of commercial agreements.
  • A property developerin relation to the purchase and development of a multi-level residential apartment complex in Box Hill South.
  • A property developerregarding the purchase and development of a number of “green acre” sites, predominantly in the Pakenham and Tarneit areas.
  • A large private companyin meeting various lenders’ required due diligence conditions, including advising on the facility and security documents required in a syndicated refinance deal totalling $900 million.
  • Various financial institutionson debt finance, including construction finance, mezzanine lending and general corporate lending.
  • An invoice-discounting financierin re-drafting its security documents, following its amalgamation with a mid-tier bank.
  • A mining companyin a “reverse” takeover of a US company, involving cross border issues and challenges ($30 million).
  • Many large commercial and residential development funding facilitiesincluding negotiations with builders on the lender’s behalf, review and approval of pre-sale contracts and pre-lease arrangements.
  • Managementin a buyout of one of Australia’s largest mortgage originator ($150 million).