Barclay Weston Ltd Property Sales & Finance.

Some Recent deals

Westminster

Our client, an established developer of over 30 years, had approached all their banking contacts to obtain finance on a site for apartments in Westminster, although our client received offers to fund from their own efforts, we managed to come up with a deal to fund at £5.4m with significantly better terms than they had, this would result in a saving of upwards of £200k in interest payments and fees.

Barnet  Hertfordshire

Our client, an established developer of many years, was refused finance to develop a site in Barnet for 4 Houses GDV £2.52m, the traditional lenders all refused to fund the deal. We managed to arrange a £1.39m offer on the site. The client was still short of £100k to complete the deal which we also sourced on a Mezz basis,

Cheshire

Our client a long established Property Investor was looking for a staged facility, on a partially let Industrial unit, the end value was £8m and they wanted to drawdown as and when tenants were  signed up, we arranged an interest only loan over 3 years at 60%. At 2.35% over Libor

Jersey

Jersey, a site for 4 Dwellings with a GDV of £22m, our client wanted us to find someone to do a Joint Venter offering 50% of the profits of circa £8m. We were able to obtain an offer of funding at a level  where no JV partner was required. At interest rates of 6% meaning potential savings of £3.5m on this deal.

Alderney Chanel Islands

Our client needed to arrange bridging finance quickly to take out a partner before a significant planning gain was obtained , we arranged an offer of to fund £1.05m.

About Barclay Weston

Our strength lies in our relationships with principal commercial lenders with whom we have worked for many years, and also understanding our client’s needs. We recognise that our expertise is especially important for our clients in these difficult times.

We aim to fully understand your business needs and hold detailed discussions with you to ensure that we have fully understood your requirements. Following this, we approach lenders in order to source the best possible financial deal to match your specific request.

Once we have selected the best deal, we work with you to submit an application, ensuring it is well researched and presented. We have the ability to put together a credit application in terms that can be readily understood by funders this gives all of our applications a professional edge and facilitates a quick turnaround.  

The fact that we are thorough about our research allows our chosen lender to make a positive and speedy decision. We have always known how important it is to be able to demonstrate to the funder that a project is viable and therefore qualifies for financial backing. But in these times of financial uncertainty, we are making it a focal point of our service offering.

Once we have secured a funding provider, we then monitor your case throughout the lending process to ensure that you are kept fully informed of its progress.

Development Finance Residential & Commercial

Barclay Weston have many years’ experience in sourcing development finance with the added bonus of two ex-developers who have over 15 years of Development expertise and understand the industries specialist requirements and concentrate on providing finance for Developers.

This knowledge is vital in the current market as we are able to show a potential funder the positives of your project and get them to fully understand your objectives from day one. Ensuring you the best possible chance of achieving funding for your development

The terms we would expect to arrange are as follows:.

• Funds from £200k to £50m Uk and Worldwide
• Up to 70% of total development costs
• Additional funding available for any shortfall up to 80% or even 100% with JV
• Interest roll-up is available during construction.
• We have access to over 100 lenders and 2,000 private investors who would
• consider Joint Ventures

Commercial & Bridging Property Funding

Our Commercial Funding division embraces all types of businesses, many of which are itemised below. And include commercial Mortgages and Refinance

We will help you prepare all of the necessary information to present to the lender. Once we have identified suitable lenders and submitted your application, we will monitor your case throughout the entire process.

We consider ourselves to be at the cutting edge of commercial funding where customer service is paramount, with the ability to fully understand your objectives and requirements.

Examples of commercial property include:

• Nursing/residential care homes
• Professional practices
• Hotels
• B&B
• Restaurants
• Shops
• Factory units
• Warehouses

Commercial Bridging Finance

We can offer bridging loans for most types of residential and commercial properties in the UK. We negotiate bridging finance with a number of lenders including major banks, niche providers and specialised bridging loan lenders. 

Drawdown of funds is often available 7-10 days after initial enquiry. Typically, we can arrange bridging loan finance up to 75% loan to property value, dependent on the type of property. You will need to be able to identify a clear exit strategy and the ability to meet interest payments

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Property Finance Call 07711 403030 or email tony@barclayweston.com