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Wellesley Finance makes loans solely to businesses (these business loans include but are not limited to business development finance, business buy-to-let, and first/second charge loans for business purposes). As a result, these loans do not have the benefit of the protection and remedies that would be available to you as a consumer in the context of a non-business loan. Wellesley Finance is not permitted to undertake retail loans to consumers. If you are a retail consumer seeking a non-business loan, you should not seek to obtain a loan from us. Business loans will be secured on relevant assets and these assets are at risk in the event of the loan being in default. A property asset may be repossessed if repayments are not kept up on a loan or other asset secured on it. If you need advice on any of these matters, or you are in any doubt as to the consequences of taking out a loan with Wellesley Finance (including not being regulated), you should seek independent advice from an appropriately qualified professional. Wellesley Finance recommends that you consider whether a potential business loan meets your own creditworthiness, risk levels and objectives. You should be seeking to borrow funds only if you believe that your business activities are capable of repaying those funds and that you have considered the required repayments in relation to your other financial commitments.

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Wellesley Finance provides a swift drawdown for a £8.6 million Loan for a development in Chiswick

May 31, 2017

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.