The lender believes it is the first transaction in the UK market made up solely from short term property loans to provide investors with attractive risk-adjusted returns through exposure to predominantly first-lien UK property loans.
John Jenkins, CEO of Amicus, said it was a first for Amicus and was very excited to have launched and completed this new transaction as it was in a strong position to offer attractive risk adjusted returns by the quality of its loan portfolios.
“The UK mortgage market is seeing a sustained and growing appetite for short term property finance driven by the tightening of mainstream bank underwriting requirements, recent changes to planning laws, and the inability of some lenders to act sufficiently quickly to respond to demand,” said John.
John added that there was a clear investor demand for this type of short term mortgage-backed security with many institutions increasing their focus on the alternative finance sector.
“Given the continued appetite for short term property finance, we anticipate significant growth in demand for short term syndication of this class of debt through bond issuance,” added John.
“Our intention is to use this successful fund raising to drive our growth ambitions in the short term lending market which as a whole has grown to an estimated volume of almost £3bn annually, according to industry data.”
Leave a comment