Exclusive: Brand new £200m bridging lender launches into market

Exclusive: Brand new £200m bridging lender launches into market




One of the UK's largest independent investors with £8.1 billion of total funds raised and deployed, has launched into the bridging and development finance sector….

One of the UK’s largest independent investors with £8.1 billion of total funds raised and deployed, has launched into the bridging and development finance sector.

Established in 1998, Ingenious is a market leading financial services group providing investment and advisory expertise with a strong reputation in the media and entertainment sector. However, it has now broadened its sector focus to include property finance with the launch of Ingenious Real Estate.

Ingenious Real Estate provides senior debt at higher levels of gearing in order to negate the requirement for mezzanine or equity finance, whilst streamlining the process of development. Residential development lending criteria provides a variety of finance options within the following parameters:

-         Facilities typically within a range of £1 million to £5 million;

-         Opportunities located in London and the South East, other well regarded locations considered;

-         Loans up to 90% of cost or 75% of GDV;

-         Facility terms typically 12 to 24 months;

-         Flexible charging structures offered;

-         Robust development track record and covenant strength required; and

-         Mixed use developments can be considered with a limited commercial element.

The Real Estate division at Ingenious is led by Hugh Henderson-Cleland, who works with three Investment Managers to originate deals.

One of the Investment Managers, Dean Brown, joined Ingenious last month and has been brought in to help set up the new team. He is also responsible for the residential development lending team.

He told B&C: “Ingenious is the number one name in TV funding. I’ve joined to help drive this momentum forward to set up the residential and development lending business. We will provide stretch senior loans up to 90% of costs and 75% LTV at market leading rates and offering a flexible and efficient service which is fundamental in the current market."

Ingenious will also consider bridging finance opportunities with facility terms of up to 12 months and bridging will form part of the overall structure.

Dean has extensive property finance experience and joined Ingenious from Alpha Real Capital, having previously held Assistant Director roles at both Alpha Real Capital and Close Asset Management.

We are advised that Ingenious Real Estate’s target is to grow the fund to £200 million within two years, utilising capital raised from the retail and institutional markets.

For further details, please visit: www.ingeniousrealestate.co.uk.

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