We are delighted to have successfully arranged the refinancing for Anil Khera and Node's Dublin co-living scheme. This marks a significant milestone for the Santander Asset Management debt fund as their platform's first deal in Ireland. Our thanks to Brian Calderón De Stefano and Alfonso Agulló Torres for their invaluable support. Thank you to Silvia Saccardi at Real Estate Capital Europe for covering the transaction. https://shorturl.at/ejZCq
Westfort Advisors
Financial Services
London, England 718 followers
Real Estate Debt Market Solutions
About us
Westfort Advisors are a real estate debt services firm offering a range of outsourcing and advisory services, including Debt Advisory (sourcing, arranging, structuring and execution), as well as Debt Asset Management, Debt Restructuring and Workout, and Performing/Non-Performing Loan Underwriting.
- Website
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https://westfortadvisors.com/
External link for Westfort Advisors
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- London, England
- Type
- Privately Held
Locations
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Primary
Get directions
60 Grosvenor Street
London, England W1K 3HZ, GB
Employees at Westfort Advisors
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Faisal Butt
Venture Capital Investor
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Richard Herring
Co-Founder at Westfort Advisors
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Victoria Hill 📈 Real Estate Leadership Coach
Design and Delivery of Bespoke Coaching Programmes to maximise performance of Emerging Leaders and Professionals in Real Estate
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Neeral Patel
Entrepreneur and experienced Real Estate operating platform specialist
Updates
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Happy New Year to all and best wishes for 2024. Delighted to have rounded off 2023 by arranging a £40m facility with BLME. Thank you to the parties who supported the transaction throughout, including the teams at Farrer & Co and Addleshaw Goddard.
Bank of London and The Middle East plc (BLME) has provided a £40 million refinancing facility to a Middle Eastern investor for a portfolio of UK assets including a landmark asset in Manchester. The portfolio includes a leisure venue, hotel, residential and retail offering. The overall portfolio is distinguished by a strong income profile and a diverse geographic spread, encompassing various asset classes and also contains a 170-acre park in Hampshire, which includes a wedding venue, business park and several large residential properties. This latest transaction demonstrates BLME’s continued commitment to providing bespoke financing solutions to Middle Eastern investors. Over the last year, the bank has seen an increasing appetite for more tailored solutions, and recent deals have included the provision of forward financing and development financing. On this deal, Westfort Advisors were the debt advisors. BLME was represented by Addleshaw Goddard LLP (legal counsel) and CBRE (valuers). The team at BLME was led by Jahid Miah, Anna Barratt, and Mamoon Rahim. Jahid Miah, Manager, Real Estate Finance, commented: “This transaction is reflective of GCC investor appetite for prime real estate assets in UK regions outside of London, which we believe will continue to increase over the next year. Providing financing for this type of portfolio demonstrates BLME’s continued commitment to delivering tailored financing solutions to our growing client base, in particular to high-net-worth Middle Eastern investors. We worked closely with Westfort Advisors on this transaction, as well as Addleshaw Goddard and CBRE. We were also supported by BLME’s our parent bank, Boubyan Bank.” Deepak Drubhra, Co-Founder of Westfort Advisors, said: “We are pleased with the facility which has been provided on this portfolio. BLME offered competitive market clearing terms and flexibility on capital structure and we are thankful for the team’s perseverance over the course of the transaction.”
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We co-hosted a breaksfast roundtable with Newmanor Law recently, with a group of lenders, borrowers and insolvency practitioners to discuss the property finance landscape and the challenges and opportunities presented by the current market. Key discussion points were: - Higher interest rates and lender caution means borrowers are facing a ‘funding gap’ - Restrictions on clearing banks means challenger banks and debt funds are busier - Rates seems to have peaked and may come down (although 0.75% decrease in 2024 seems unlikely to some) - Not many lender enforcements….yet! Please visit our website to read the full article: https://shorturl.at/ijwQ8
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We are delighted to announce the appointment of Tom Boize as an Associate Director. Tom will focus on executing debt advisory mandates across the UK and Europe. His experience spans the capital stack, in both debt and equity, across all asset classes. To find out more about Tom’s role and experience, please read our official press release: https://rb.gy/1i14t
Westfort Advisors are delighted to announce the appointment of Tom Boize as an Associate Director.
https://westfortadvisors.com
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Deepak Drubhra will be attending EXPO REAL (Messe München) this year. Please do reach out if you would like to arrange a catch up.
Looking forward to seeing clients and contacts at EXPO REAL (Messe München). Please do let me know if you are attending and would like to catch up.
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