Laxfield boosts UK debt fund
Laxfield Capital has increased the size of its UK real estate debt fund from £500m to £750m after deploying its original allocations.
The Laxfield LLP fund launched in January 2018, seeded with £250m of existing loans previously written by Laxfield, targeting a mix of assets with whole loans up to 75% LTV over one to seven years.
It has deployed its original allocation in loans secured on office, student accommodation, logistics, hotel, serviced apartments and specialist retail assets. Transactions have ranged in size from £7m to £80m, with a capacity to write up to £100m per loan.
Laxfield Capital has increased the size of its UK real estate debt fund from £500m to £750m after deploying its original allocations.
The Laxfield LLP fund launched in January 2018, seeded with £250m of existing loans previously written by Laxfield, targeting a mix of assets with whole loans up to 75% LTV over one to seven years.
It has deployed its original allocation in loans secured on office, student accommodation, logistics, hotel, serviced apartments and specialist retail assets. Transactions have ranged in size from £7m to £80m, with a capacity to write up to £100m per loan.
Alexandra Lanni, director of Laxfield, said: “Appetite for our product has been strong and we are delighted to be working with some excellent borrowers who appreciate our pragmatic approach and swift execution capabilities.
“Along with the additional £250m of new capital, we have the ability to recycle funds when loans are repaid, so we have excellent capacity for new business going into Q4 and the start of 2019.”
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