Downing LLP supports growth at bridge lender Whitehall Capital

23/10/22
5 min
Wholesale finance
News

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.

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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.

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

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.

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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.”

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.

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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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