Hilltop secures Metropolitan backing for £300m push

Hilltop Credit Partners has secured investment from Metropolitan Real Estate to deploy £300m in residential development finance over the next three years. The lender aims to facilitate construction of over 1,000 homes across the UK, with a focus in the regions. Hilltop, backed by Round Hill Capital, has provided finance for 250 homes to date. Metropolitan has committed £60m to purchase a portfolio of existing development loans across five regions, and agreed to continue funding new schemes. Cherine Aboulzelof, managing director and head of Europe at Metropolitan Real Estate, said: “We are investing with an experienced team in an already seeded, and growing, portfolio of affordable residential loans that provides visibility and proof of concept in attractive locations with quality local sponsors. This opportunity provides our investors with access to the UK residential sector with an attractive risk-return profile for our fund.” To send feedback, e-mail emma.rosser@egi.co.uk or tweet @EmmaARosser or @estatesgazette