Beaufort Completes £200m of Lending in the First Six Months of 2022
Beaufort Capital is delighted to announce that it has closed £200m of lending in the first half of 2022 to support approximately £450m of GDV.
These facilities will fund the development and planning enhancement of projects in London, the South East, Midlands, Yorkshire and Scotland.
The lending has come from Beaufort’s recently-launched £1bn stretched senior debt fund, and has been rovided to both repeat and new developer clients.
In spite of the well-documented challenges facing the wider economy, Beaufort has continued to support high-quality developers across all asset classes, remaining consistent on leverage and pricing.
Among the recently-completed transactions include: 124 residential units in Edinburgh, 426 PBSA beds in the Midlands, 78 apartments in Surrey and 263 apartments and townhouses in Leeds.
Mark Quigley, Managing Director at Beaufort Capital, said,
“Following the launch in January of this year, our new stretched-senior debt product has been very well-received by existing clients and target borrowers alike.
“I’m delighted that we have already written transactions with debt requirements of circa £200m with
more excellent deals in the pipeline.
“The combination of being able to offer competitive leverage and pricing for any real estate asset class anywhere in Britain has served to highlight the attractiveness of this product.
“Beaufort has continued to support experienced developers building high-quality schemes in good locations.”
