The new lender — which will be supported by a group of family offices, investment funds and HNW individuals — will focus on first-charge bridging lending for residential and commercial real estate assets in the UK, with plans to expand into Europe later on.
Fortgate Capital will offer facilities between £5m-100m on terms ranging from 12 to 24 months.
Rates will start from 0.85% per month at a maximum 75% LTV for residential loans, while commercial bridging rates will start from 0.92% per month at up to 65% LTV.
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Matthew Van Lorson, director at Fortgate Partners (pictured above), said: “We are delighted to announce the rebranding of Sanova Real Estate Finance to Fortgate Partners.
“This will allow us to bring the Fortgate brand under one roof ahead of launching our bridging lending platform Fortgate Capital later this year.
“As the real estate financing market in the UK and Europe continues to rapidly evolve, becoming ever more complex and fractured, we are seeing both existing and new real estate investor participants searching out new opportunities.
“This is against a backdrop of economic and political uncertainty, significant competition to secure good assets, as well as securing strategic returns on investment.
“With Fortgate’s new lending capability across its bridging loans, in addition to offering independent and unbiased structured debt and equity solutions, we are now able to support real estate investors on a more holistic basis.”
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