Beaufort Capital has launched a £1bn senior and stretched senior debt product, which it hopes to deploy across the UK development market within the next three to five years.
The new debt product is targeting development projects with typical GDVs of £15m to £75m+ and loan facility sizes of between £10m and £50m. It has a maximum loan to value of 70% and a maximum loan to cost of 85%.
Paul Norman, founding partner of Beaufort Capital, said: “For almost a decade, Beaufort has typically provided mezzanine debt and equity co-investment to its developer partners. Our clients have repeatedly asked us to expand our offering to a whole capital solution, and we are excited to be able to provide the entire product suite of capital needs for our clients going forward.”
