UK real estate lender, Westbrooke Alternative Asset Management provided a £10m senior debt facility to refinance an industrial warehouse property in North London. The deal was introduced by debt advisor, Karis Capital and the pair worked together to create a solution that met the requirements of the Borrower.
Westbrooke has been actively involved in real estate lending in the UK for several years, with over 75 loans passing through their book to date. The team focuses on a solutions-driven approach and remove completion risk with the availability of permanent capital.
“We are pleased to have provided financing to a unique IOS and light industrial site in North London. During the course of the transaction we were faced with complexities, however, our pragmatic approach to funding solutions allowed us to structure a loan that met the Borrower’s requirements, concluding primarily an equity release. Karis Capital’s advisory services played a key role in the conclusion of the deal, and we look forward to partnering with them again in the near future.” – Harry Newall, Westbrooke Alternative Asset Management
“This deal came with its complexities, but we were delighted to work closely with our key client to navigate these challenges, coordinating all professional parties, and deliver a timely solution. Acting on their behalf, we identified and approached Westbrooke as the ideal financing partner to meet the client’s mid to long-term needs due to their proactive and speedy approach which exceeded expectations.” – Daniel Bassalian, Karis Capital
To learn more about the real estate funding solutions offered by Westbrooke, contact the team on info@westbrooke.com
