Wellesley Finance has provided a Development facility of £8.6million to London based developer, IndigoScott Group.
IndigoScott are a highly respected regional Developer operating in the property development sector for over 20 years. IndigoScott has a pre-existing relationship with the Wellesley Finance Origination team and was confident in the strong level of professionalism Wellesley Finance provides. The project will see the conversion of an existing office block and erection of two additional storeys to create 25 new apartments over six floors in an liquid West London suburb. A key element to the transaction was a tight completion date and resulted in the initial advance being made 12 days after the deal was requested.
Jeremy Scott, Director of IndigoScott Group:
“Wellesley took up the challenge of delivering development finance in record time. From start to finish the service was totally professional and incredibly responsive with a refreshing willingness to solve problems rather than put barriers in our path. I would recommend this ‘can do’ lender to any developer who is looking for a supportive lending partner”.
Jay Patel, Business Development Director at Wellesley adds:
“Completing on this transaction could not have been done without the professionalism demonstrated by not only IndigoScott but the assembled professional team. This is a perfect demonstration of what Wellesley can achieve when asked to deliver.”
We are continuously striving to support our Borrowers by building strong relationships to ensure that all transactions and future projects are given the very best service and have that personal foundation from the onset.