James Barrett Director

James is a Director in our Banking and Finance team. Prior to joining Burges Salmon, James spent over ten years with Allen & Overy LLP.

James has extensive experience advising market participants on all aspects of securitisations and other asset backed finance transactions. His clients have included originators, sponsors, arrangers, lenders, asset managers, hedge funds and other private investors. Asset classes of which James has experience include residential and buy-to-let mortgages, auto loans, credit card receivables, commercial real estate (CRE) receivables, CLOs, trade receivables and supply chain finance receivables, regulated utilities and infrastructure and whole business securitisations.

James previously spent 3 years as a senior UK government lawyer, including with HM Treasury where he was the lead lawyer on the UK government’s negotiation of the Securitisation Regulation.

James also advises borrowers and lenders on general corporate and leveraged finance facilities.

Mortgage loans and consumer finance

• Advising Hodge Bank in relation to a forward flow origination arrangement in respect of auto loans originated by auto lender Blue Motor Finance.
• Advising an alternative credit card provider in relation to the negotiation of a new forward flow origination arrangement with a leading UK clearing bank.
• Advising a consumer lending platform on its forward flow loan origination platform and on the renewal of its warehouse funding facility with BNP Paribas.
• Advising OneSavings Bank on the redemption of one of its public RMBS transactions.
• Advising the mezzanine investor in a warehouse financing facility backed by specialist buy-to-let mortgage loans originated by LendInvest.
• Advising fintech auto lender Oodle Financial Services on their financing arrangements, including private warehouse facilities and subsequent public securitisations with Citi and BNP Paribas.*
• Advising the ENRA Group on the establishment of their first mortgage backed warehouse loan facility agreement in 2017 and the JLMs on ENRA’s two mortgage backed public securitisation transactions (2020 and 2021).*
• Acting for Generation Homes / Imagine Mortgages on a £600m forward flow mortgage origination arrangement with Nottingham Building Society.*
• Advising JP Morgan as Arranger on the financing and subsequent public securitisation of a diverse portfolio of non-performing Irish mortgage loans acquired by Balbec Capital. *
• Advising Barclays Bank PLC as Arranger on the refinancing via securitisation of a portfolio of re-performing UK mortgage loans acquired by a leading international hedge fund and bond investor. *
• Advising Pacific Investment Management Company (PIMCO) on numerous deals, including and the securitisation of various portfolios of mortgage loans acquired from UK Asset Resolution (UKAR) (including those originated by Bradford and Bingley and by the Co-op). *
• Advising Natixis and Bank of America as Arrangers on a securitisation of third party originated mortgage loans by Paratus AMC Limited. *

SME Loans and Supply Chain Finance

• Advising Varadero Capital L.P. on their £400m forward flow SME lending platform arrangement with Funding Circle and associated loan facility agreement with senior lender Intesa Sanpaolo. *
• Advising a bank lender on the financing of a private CLO warehouse facility provided to a leading international specialist credit investor. *
• Advising a leading global investment management firm on a Spanish receivables backed supply chain finance facility. *

Commercial Real Estate

• Advising DRC Savills on the refinancing of a Spanish purpose-built student accommodation asset.
• Advising Recognise Bank on its real estate co-lending and participation arrangements.
• Advising Morgan Stanley on a number of its key UK and European CRE and CMBS transactions. *
• Acting for Goldman Sachs on the 2018 £450m CMBS of a suite of UK full service hotels. *

Corporate, Project and Infrastructure finance

• Advising a Pension Scheme Trustee on a new £125m term loan facility.
• Advising a US lender on a new UK biotech fund equity bridge financing facility.
• Advising the UK Atomic Energy Authority on the £300m financing of the Harwell Science and Innovation Campus.
• Advising the International Finance Corporation (IFC) on the development of its Managed Co-Lending Portfolio Program for Infrastructure (MCPP). *
• Advising the Arrangers and Joint Lead Managers on a high yield bond offering under the CenterParcs whole business securitisation financing programme. *
• Advising SunPower as sponsor on the first publicly rated and listed solar energy project bond by Andromeda Finance S.r.l. *
• Advising Royal Bank of Scotland as Arranger in relation to the establishment of the Manchester Airport Group secured bond issuance platform, sitting within the group’s wider bank/bond intercreditor and common terms financing framework. *
• Acting for the Dealers in relation to the whole business securitisation bond programme of Anglian Water Services Financing plc in 2014. *
• Advising the Arrangers and Managers in respect of a number of European Medium Term Note programmes (EMTNs). *

* Denotes experience from previous firms.