London-based Beaufort Capital, which was formed in 2013 as a specialist real estate lender, has been busy lending funds to experienced property developers in England, Scotland and Wales, it has said
The company has closed on or agree on half a dozen projects since December on behalf of a new senior and stretched senior debt product.
It has hopes of deploying GBP1 billion (EUR1.19 billion) over the next three-to-five-years via a series of development projects ranging in gross development value of GBP15 million up GBP75 million.
Developers have agreed to borrow funds from the new vehicle for projects across Central and Greater London, Nottingham, Essex, Edinburgh and Glasgow.
Paul Norman is founding partner, who used to work at two UK property development companies.
The firm has previous funds. It raised Beaufort Capital Real Estate Debt Fund III, with Beaufort being the single largest investor. It also formed a JV with an institution.
Source: propertyeu.info on the 16th of February
https://propertyeu.info/Nieuws/Beaufort-Capital-launches-1-2b-UK-debt-fund-for-developers/b5d7ad53-f638-4d17-ab97-a8f4ff4d7e7f