Real estate debt investment manager Laxfield Group has secured an increased allocation of capital for its Laxfield National programme, expanding its fast, flexible funding to allow individual loans of up to GBP100 million.
Alexandra Lanni, head of transactions for the Laxfield Group, says: “Borrowers are looking to create new relationships with lenders, recognising that debt supply has changed and continues to evolve.
“We saw an opportunity to bring new capital to mid-market lending in 2015. Initially we focussed on deals of GBP1 million to GBP40 million where we saw particular demand. That strategy worked well and we successfully invested our initial allocation.
“Last year, we were asked increasingly to look at bigger deals, and are delighted to announce we can now do whole loans of up to GBP100 million, allowing us to fund a very wide spectrum of assets.
We try to provide what sponsors need most – quick, clear decisions and highly professional execution of the deals we choose to do.”
Since inception in August 2015, Laxfield National has grown a book of 38 loans under management, with seven more deals currently closing.
