Matthew van lorson

New brokerage Sanova Bridging Loans launches with aim to set up US office in next two years

Sanova Real Estate Finance has launched a new property advisory brokerage targeting bridging loans in the UK and Europe.

The new firm, Sanova Bridging Loans, will primarily target clients in western and central eastern Europe, as well as the UK.

In an exclusive interview with Bridging & Commercial, Matthew Van Lorson, director at Sanova (pictured above), said that the company was targeting €750m (Approx almost £630m) of funding this year, with the intention of setting up a New York office in the next 24 months.

“We are now seeing a significant appetite for lending into Europe from the US,” he added.

“Various real estate debt funds and boutique investment banks have now set their target on both western and central eastern Europe.

"These lenders are keen to lend across the full capital stack to real estate investors and developers.

"Their European fund strategies include senior debt, whole loans, stretched senior, mezzanine and preferred equity, as well as bridge loans”.

The specialist brokerage will arrange bridging finance for clients who require between £250,000 and £50m-plus, across all asset types and sectors.

Matthew claimed: “While we see a select number of UK firms arranging smaller bridging loans for residential properties in one or two countries in Europe, we do not see brokers arranging bridging loans across numerous asset classes and larger transactions.”

He added that, over the past 18 months, Sanova had seen a constant flow of enquiries for short-term interim funding for different types of property assets from clients in Europe.

“We feel that our knowledge of the European market and our lender options will allow us to advise and broker small- to mid-market bridging loan transactions, which are more complex and require significant experience to execute. 

“With lender relationships in the UK, Europe and the USA, we have positioned ourselves to be the go-to broker for European bridging loans.”

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