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Downing boosts growth with £11.1 million in property finance deals
19/10/22
5 min
Property finance
News
Sustainable investment manager Downing LLP has continued its expansion drive with the completion of development loans worth £11.1 million during the last month, building on strong growth.
The latest deals include residential developments in Wakefield, West Yorkshire; East Studdal in Kent; Hitchin in Hertfordshire; and Gerrards Cross in Buckinghamshire with new and existing clients.
Downing’s property finance team recently passed the significant £300 million milestone for commitments, which has been achieved without any loss of capital.
The developments will each deliver between two and twelve family homes targeted at owner occupiers.
Downing LLP’s property finance team focuses on deploying investors’ funds as secured loans to property developers delivering residential-led schemes nationwide, as well as non-speculative commercial developments, and specialist sub-sectors such as student accommodation.
The team believes its investors can benefit from debt investment secured against property development projects by targeting attractive yield through a “safety-first” lens, focusing on relationship-based sourcing, and working with experienced counterparties.
Parik Chandra, Partner and Head of Specialist Lending, Downing LLP, said: “The latest deals highlight our ability to continue growing the portfolio in very tough macro conditions and a competitive market. We remain committed to supporting SME developers in the face of challenging conditions.”
Downing LLP typically lends between £1 million and £25 million to experienced developers with the ability to go higher by exception. It lends up to 90% loan-to-cost and 70% loan-to-gross-development value.
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Sustainable investment manager Downing LLP has continued its expansion drive with the completion of development loans worth £11.1 million during the last month, building on strong growth.
The latest deals include residential developments in Wakefield, West Yorkshire; East Studdal in Kent; Hitchin in Hertfordshire; and Gerrards Cross in Buckinghamshire with new and existing clients.
Downing’s property finance team recently passed the significant £300 million milestone for commitments, which has been achieved without any loss of capital.
The developments will each deliver between two and twelve family homes targeted at owner occupiers.
Downing LLP’s property finance team focuses on deploying investors’ funds as secured loans to property developers delivering residential-led schemes nationwide, as well as non-speculative commercial developments, and specialist sub-sectors such as student accommodation.
The team believes its investors can benefit from debt investment secured against property development projects by targeting attractive yield through a “safety-first” lens, focusing on relationship-based sourcing, and working with experienced counterparties.
Parik Chandra, Partner and Head of Specialist Lending, Downing LLP, said: “The latest deals highlight our ability to continue growing the portfolio in very tough macro conditions and a competitive market. We remain committed to supporting SME developers in the face of challenging conditions.”
Downing LLP typically lends between £1 million and £25 million to experienced developers with the ability to go higher by exception. It lends up to 90% loan-to-cost and 70% loan-to-gross-development value.
Share
Sustainable investment manager Downing LLP has continued its expansion drive with the completion of development loans worth £11.1 million during the last month, building on strong growth.
The latest deals include residential developments in Wakefield, West Yorkshire; East Studdal in Kent; Hitchin in Hertfordshire; and Gerrards Cross in Buckinghamshire with new and existing clients.
Downing’s property finance team recently passed the significant £300 million milestone for commitments, which has been achieved without any loss of capital.
The developments will each deliver between two and twelve family homes targeted at owner occupiers.
Downing LLP’s property finance team focuses on deploying investors’ funds as secured loans to property developers delivering residential-led schemes nationwide, as well as non-speculative commercial developments, and specialist sub-sectors such as student accommodation.
The team believes its investors can benefit from debt investment secured against property development projects by targeting attractive yield through a “safety-first” lens, focusing on relationship-based sourcing, and working with experienced counterparties.
Parik Chandra, Partner and Head of Specialist Lending, Downing LLP, said: “The latest deals highlight our ability to continue growing the portfolio in very tough macro conditions and a competitive market. We remain committed to supporting SME developers in the face of challenging conditions.”
Downing LLP typically lends between £1 million and £25 million to experienced developers with the ability to go higher by exception. It lends up to 90% loan-to-cost and 70% loan-to-gross-development value.
Share
Sustainable investment manager Downing LLP has continued its expansion drive with the completion of development loans worth £11.1 million during the last month, building on strong growth.
The latest deals include residential developments in Wakefield, West Yorkshire; East Studdal in Kent; Hitchin in Hertfordshire; and Gerrards Cross in Buckinghamshire with new and existing clients.
Downing’s property finance team recently passed the significant £300 million milestone for commitments, which has been achieved without any loss of capital.
The developments will each deliver between two and twelve family homes targeted at owner occupiers.
Downing LLP’s property finance team focuses on deploying investors’ funds as secured loans to property developers delivering residential-led schemes nationwide, as well as non-speculative commercial developments, and specialist sub-sectors such as student accommodation.
The team believes its investors can benefit from debt investment secured against property development projects by targeting attractive yield through a “safety-first” lens, focusing on relationship-based sourcing, and working with experienced counterparties.
Parik Chandra, Partner and Head of Specialist Lending, Downing LLP, said: “The latest deals highlight our ability to continue growing the portfolio in very tough macro conditions and a competitive market. We remain committed to supporting SME developers in the face of challenging conditions.”
Downing LLP typically lends between £1 million and £25 million to experienced developers with the ability to go higher by exception. It lends up to 90% loan-to-cost and 70% loan-to-gross-development value.
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Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: Downing, 10 Lower Thames Street, London, EC3R 6AF.
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