Laxfield Launches UK Debt Fund – Laxfield LLP
The Laxfield Group has expanded its lending arm by launching a discretionary real estate debt fund, backed by institutional investors.
Laxfield LLP will target individual loans of up to £100m and seeks to grow to £500m of investments over time.
Adam Slater from Laxfield said, “Laxfield LLP builds on a very active past two years. The market has responded to our fast decision making, flexible structuring and highly professional execution. The new vehicle allows us to streamline this further and expand the product. Our investors currently see good value in the UK CRE debt market and we have a flexible structure which will allow us to upsize if the market opportunity remains strong.”
Laxfield LLP lends against income producing, transitionary and light development assets in good locations throughout the UK, with loan durations from 12 months to 7 years. It can lend against most commercial assets, and has a strong focus on sponsor capability, offering LTVs up to 75% for selected assets.