Downing LLP provides unique wholesale financing solution to Greenfield Mortgages

6/5/22
5 min
Wholesale finance
News

Downing LLP, a London based Investment Manager, is pleased to have provided a unique financing solution for short term property lender Greenfield Mortgages. The bespoke solution is a forward-flow type arrangement originated by Downing’s Wholesale Finance team.

Birmingham-based Greenfield Mortgages was established in 2009 and provides both regulated and unregulated bridging loans throughout England and Wales for residential property, commercial and semi-commercial properties, homes with multiple occupation and buildings in need of refurbishment. Terms are up to 12 months with rates as low as 0.49% pm.

The company’s Chairman, Steve Smith – founder of the international retail chain Poundland – heads up the management team and is looking to use the new facility to expand the business and extend its reach to new clients.

Ian Allder, Investment Director at Downing, said: “We’re delighted to be working with Greenfield Mortgages. This new partnership underlines our continued commitment to the wholesale finance market and the property sector.”

David Grant, Operations Director and one of the founders of Greenfield Mortgages, concluded: “It has been a great experience working with the team from Downing and we’re excited to be even better equipped now to embark on the next stage of our growth journey.”

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Downing LLP, a London based Investment Manager, is pleased to have provided a unique financing solution for short term property lender Greenfield Mortgages. The bespoke solution is a forward-flow type arrangement originated by Downing’s Wholesale Finance team.

Birmingham-based Greenfield Mortgages was established in 2009 and provides both regulated and unregulated bridging loans throughout England and Wales for residential property, commercial and semi-commercial properties, homes with multiple occupation and buildings in need of refurbishment. Terms are up to 12 months with rates as low as 0.49% pm.

The company’s Chairman, Steve Smith – founder of the international retail chain Poundland – heads up the management team and is looking to use the new facility to expand the business and extend its reach to new clients.

Ian Allder, Investment Director at Downing, said: “We’re delighted to be working with Greenfield Mortgages. This new partnership underlines our continued commitment to the wholesale finance market and the property sector.”

David Grant, Operations Director and one of the founders of Greenfield Mortgages, concluded: “It has been a great experience working with the team from Downing and we’re excited to be even better equipped now to embark on the next stage of our growth journey.”

We are delighted to announce that Mark Gross, Partner and Head of Development Capital, has been named Equity Investor of the year at the HealthInvestor Power List 2024 Awards.

Following Mark’s achievement last year when he won the “Leading Investor” award at HealthInvestor’s Power50, this year’s win further highlights his continued success and expertise in investing across the healthcare sector. 

The judges praised Mark for finding success both in value and volume this year, delivering good returns and growth. They were impressed by how Mark has continued to strengthen a strong track record with further growth in the team and new funds securing further backing. We extend our thanks to Mark and the Downing Development Capital team for their continued dedication and support in expanding our healthcare investment activities with a focus on quality, performance and reputation. 

Congratulations Mark!

Development Capital  

Downing Development Capital is an award-winning investor focused on investment opportunities into asset-backed operating businesses with downside protection. Typical sectors they invest in include healthcare, specialist education, hospitality, leisure and IT infrastructure.

Learn more about our Development Capital team

Downing LLP, a London based Investment Manager, is pleased to have provided a unique financing solution for short term property lender Greenfield Mortgages. The bespoke solution is a forward-flow type arrangement originated by Downing’s Wholesale Finance team.

Birmingham-based Greenfield Mortgages was established in 2009 and provides both regulated and unregulated bridging loans throughout England and Wales for residential property, commercial and semi-commercial properties, homes with multiple occupation and buildings in need of refurbishment. Terms are up to 12 months with rates as low as 0.49% pm.

The company’s Chairman, Steve Smith – founder of the international retail chain Poundland – heads up the management team and is looking to use the new facility to expand the business and extend its reach to new clients.

Ian Allder, Investment Director at Downing, said: “We’re delighted to be working with Greenfield Mortgages. This new partnership underlines our continued commitment to the wholesale finance market and the property sector.”

David Grant, Operations Director and one of the founders of Greenfield Mortgages, concluded: “It has been a great experience working with the team from Downing and we’re excited to be even better equipped now to embark on the next stage of our growth journey.”

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Torsten Mack, Investment Director at Downing, said:

"We are proud to support this exceptional management team, whose strong track record positions them well to build a new business in dementia care. This needs-based sector is underpinned by a lack of quality supply and we are investing in Fortava Healthcare to set and deliver high standards, and to help make a difference."

Johann van Zyl, CEO at Fortava, added:

"I’m thrilled to be working with Jamie, as we share the same values. We plan to grow Fortava into a leading provider of dementia care over the next five to seven years. But growth isn’t our primary focus—our goal is to deliver outstanding care and foster a joyful, supportive environment for both residents and staff. We’re delighted to be partnering with Downing who also share our values and we look forward to this journey with them."

Jamie Stuart, CFO at Fortava, commented:

“For me, it's about being more than just another care home provider. While dementia care in the UK is generally of a good standard, we want to set ourselves apart with a fresh approach. That’s why, after over 25 years in banking, I chose to partner with Johann and Downing on this venture.”

Downing LLP, a London based Investment Manager, is pleased to have provided a unique financing solution for short term property lender Greenfield Mortgages. The bespoke solution is a forward-flow type arrangement originated by Downing’s Wholesale Finance team.

Birmingham-based Greenfield Mortgages was established in 2009 and provides both regulated and unregulated bridging loans throughout England and Wales for residential property, commercial and semi-commercial properties, homes with multiple occupation and buildings in need of refurbishment. Terms are up to 12 months with rates as low as 0.49% pm.

The company’s Chairman, Steve Smith – founder of the international retail chain Poundland – heads up the management team and is looking to use the new facility to expand the business and extend its reach to new clients.

Ian Allder, Investment Director at Downing, said: “We’re delighted to be working with Greenfield Mortgages. This new partnership underlines our continued commitment to the wholesale finance market and the property sector.”

David Grant, Operations Director and one of the founders of Greenfield Mortgages, concluded: “It has been a great experience working with the team from Downing and we’re excited to be even better equipped now to embark on the next stage of our growth journey.”

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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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