The closed-ended investment trust has lent £5m to both Interlend – a financing vehicle of Market Financial Solutions – and Quivira Capital.
The finance will be used to support Interlend and Quivira Capital’s property bridging activities.
RMDL launched in December 2016 and has grown its portfolio of property-related debt investments to over £27m, accounting for 47% of its portfolio of secured debt investments.
“We are currently seeing significant demand across the real estate spectrum for debt finance, ranging from healthcare, student accommodation, hospitality and leisure assets to specialist residential bridge lending,” said James Robson, chief investment officer at RM Capital (pictured above).
RMDL’s recent transaction highlights include £3.1m to fund the development of a luxury hotel in partnership with OakNorth and £6m for the development of student accommodation in Glasgow.
“Developers are looking for financing partners whom can move swiftly and provide flexible financing packages to support their projects in a time when uncertainty around Brexit is causing the larger banks to retrench into providing core lending products,” added James.
“RM Capital expects to increase our portfolio of property-related debt investments to over £75m over the next year, and we intend to actively pursue more unregulated bridge lending activities as we move into the next quarter.”
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