ServiceFunding and Structured Finance; Credit Transactions
Value £100 million
Alantra, an independent global investment banking and asset management firm, through its Credit Portfolio Advisory division, has advised PropFin Limited (“PropFin” or “the Company”), a leading provider of residential development and bridging loans to the small to medium-sized developer market in the UK, on the design and execution of a senior financing facility with an established UK-based credit fund, with significant experience in the speciality finance sector.
The transaction is PropFin’s fourth successful institutional capital raise since its launch in 2016. The facility provides an additional £100m of capacity to PropFin’s capital base.
Alantra advised the Company on the commercial and structural aspects of financing facility as well as supported the Company in the selection of the preferred counterparty and the negotiation of final terms agreed between the Company and the fund.
Gordon Payne, CEO of PropFin commented: “Today’s announcement further validates PropFin’s extraordinary growth in the UK property finance market since 2016. Our new funding line provides us with even deeper capacity to support this growth going forward.”
Mr Payne also noted: “PropFin will continue to support the vibrant, yet underserved, community of SME developers active in London and South East. We believe our new funding allows us to meet these borrowers’ growing needs.”
Dec 2020Senior financingDec 2020Service Funding and Structured Finance
Mar 2020Sell-side advisoryValue €250 millionMar 2020Service Credit Transactions; Funding and Structured FinanceValue €250 million
Jul 2019Strategic AdvisoryValue £200 millionJul 2019Service Funding and Structured Finance; Credit TransactionsValue £200 million
May 2019Sell-side advisory - FundingValue £200 millionMay 2019Service Funding and Structured FinanceValue £200 million