Peritus completes £100m of facilities in December
By Andreea DulgheruPeritus Corporate Finance has announced that it completed £100m of facilities in December 2019, and plans to grow its regulated adviser proposition this quarter
The completions included a £6.6m bridging loan on behalf of an international client, advanced against two plots of land in Scotland.
This was part of two specialist funding packages, with the second due to complete in Q1 2020.
Peritus also refinanced a private rented sector portfolio for a London-based housing association.
The funding enabled the borrower to consolidate all of the open market rental properties into a single entity, with more than 350 properties included in the borrowing vehicle.
Darren Baker, CEO at Peritus (pictured above), said: “Despite the many headwinds in 2019, we have grown the team across our corporate and private finance areas.
“We have launched a new platform with Gerald Eve and we hope to announce two new joint ventures in early 2020.
“We are also growing our regulated adviser proposition to five appointed representatives and 20 advisers by Q1.”
Darren added that he hoped 2020 would provide more stability following the recent general election.
However, he predicted that the market for debt would “remain cautious as the wider impact of Brexit begins to be felt”.
Keywords: peritus, December 2019, bridging loans, Scotland, specialist funding packages, private rented sector, housing association, open market rental properties, borrower, lender, specialist lender, development finance