Investment manager Downing LLP has agreed a new debt facility to support growth at specialist bridge lender Whitehall Capital, which focuses on short-term real estate finance solutions for private and corporate borrowers across the UK.
The agreement continues the expansion of commitments for Downing’s Wholesale Finance team.
Whitehall Capital’s new debt facility enhances the company’s funding security and flexibility, enabling it to continue to provide stable and predictable returns through any stage of the economic cycle. Its book focuses on senior debt backed by high-quality and liquid residential property as collateral.
Ian Allder, Head of Block Discounting, Downing LLP, said: “Downing is delighted to partner with Whitehall Capital. This relationship shows we are committed to supporting key players in the bridge financing sector. Whitehall is an impressive business and its experienced team writes loans which offer good risk-adjusted returns. We very much look forward to working together.”
Anthony Bodenstein, Managing Partner at Whitehall Capital, added: “This new funding line increases our flexibility, which in turn enhances our competitive edge and allows us to capture a greater share of the UK bridging market. We are pleased to be working with Downing, an extremely well-regarded investment manager and wholesale funder.”
Downing LLP’s wholesale finance team focuses on lending to other property lenders. Wholesale lending to property lenders provides attractive risk-adjusted returns with a low look through LTV against residential and commercial assets.