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UK debt brokerage Laxfield Capital has increased the allocation for its small-ticket lending platform, giving it the ability to provide whole loans of up to £100 million.
The total volume of UK real estate finance requests recorded by debt advisor Laxfield Capital during the second and third quarters of 2016 was almost 25 percent below average, which Laxfield co-founder Emma Huepfl (pictured) said reflects “irregular market conditions”.
Requests for large real estate acquisition loans in the UK market halved during the first quarter of 2016, possibly reflecting the market pause ahead of the referendum on the UK’s membership of the EU, according to debt advisor Laxfield Capital.
UK debt brokerage Laxfield Capital has launched a small-ticket lending programme, targeting loans of £1 million to £30 million, with funding allocated by two global institutional investors.
After a pause around the time of the general election in May, finance requests have come back strongly in recent months according to the latest Laxfield UK CRE Debt Barometer.
Investor appetite for debt in Q1 has seen more than half of all loans by value having LTVs greater than 65%, according to Laxfield Capital’s latest UK CRE debt barometer. The increase compared to 45% of loans for the whole six months to end of March, implying investors had begun 2015 optimistically. The same figure was only 35% for the previous six months.
Laxfield Capital and JC Rathbone Associates are collaborating to offer a new debt advisory service to real estate borrowers in the UK and Europe.
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