London Loan Deal

Westcore acquires non-performing loans from a major UK banking institution

As part of the European management team, Michael Wolfson was a minority investor in Westcore's first foray into the debt acquisition market. 

In 2010, two loans were acquired, secured against fully leased office buildings in central London, with combined face values over 100 million pounds. 

The loans were subsequently repaid, ahead of schedule, providing investor returns significantly outperforming underwriting.