Alpha Real Capital soft-launched its bridging products as an additional service to its senior debt facilities through Alpha Property Lending.

Alpha Real Capital was established in 2005 and is an international property fund management group with around £1.3 billion under management. Headquartered in London, Alpha operates a network of offices in the UK, Europe and Asia.

Alpha’s lending business was launched in late 2012 and since then it has been building its pipeline of transactions and it also launched into property development lending earlier this year.

Responding to why the move into bridging, Steven Oliver, Partner at Alpha Real Capital, said: “We consider it an additional service to our clients and it allows us to consider shorter term facilities or developments which may be more akin to refurbishments, which may not meet our current development loan criteria.”

Criteria:

- Senior debt development funding and bridging facilities;

- Loan sizes – Deal range from £1 million to £10 million;

- Provide up to 75 per cent LTV (including fees);

- Rates based on the proposition;

- Typically up to 12 months;

- England and Scotland;

- First charge only

Alpha Property Lending has three people in its origination team, who can cover residential, commercial and mixed-use schemes for both development facilities and for bridging facilities.

The lender has a strong funding base from products within the Alpha group business and access to approximately £130 million of capital through a specialist vehicle.

Looking to Alpha’s future plans for the bridging space, Steven told B&C: “We want to expand the offering of Alpha Property Lending in both bridging and development funding.”