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Waypark Capital, the London-based real estate lending platform, is launching a new fixed-rate lending product, backed with £300 million of institutional funding.

The product will provide residential and commercial real estate investors with fixed-rate loans of between £10 million and £35 million, with LTV ratios of up to 60% at a minimum margin of 2.65%. The new funding will have particular focus on residential, student accommodation, build to rent, logistics and industrial sectors.

The introduction of fixed-rate finance complements the lender’s current floating rate offering and expands the scale and range of financing solutions available to commercial real estate borrowers in the UK.

Nicolas Vocos, CEO of Waypark Capital, said: "The sharp rise in the cost of capital over recent months and the complexities in navigating the current real estate finance landscape are prompting borrowers to prioritise certainty and visibility over their funding costs”.

“In response, we are launching a flexible fixed-rate loan solution, offering terms of up to 20 years to commercial real estate investors for acquisitions and refinancings.”

"The addition of this new product brings Waypark Capital’s firepower to £750 million and represents an additional step in positioning our platform as a fully-fledged real estate lender, that is able to meet the capital needs of real estate investors throughout their investment cycle," he added.

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Waypark Capital, the recently launched commercial real estate lending platform, has completed on over £15 million of loans, in two separate transactions involving office properties in the UK.

In one transaction, the London-based lender provided a £10.2 million, 70% LTV facility, to finance a portfolio of two high-quality office investments for a total of 71,500 sq ft, located in out-of-town business parks in Birmingham and Newcastle. This followed a £5.2 million facility to refinance a 14,000 sq ft new-build office property located in the Battersea Design and Tech Regeneration Area in south London.

Nicolas Vocos, CEO of Waypark Capital, said: "In the last few months we have witnessed a 15%-20% reduction in property values and a 20% erosion in affordability as financial conditions have tightened due the substantial increase in interest rates and a sharp reduction in the commercial investment market activity.

“These turbulent market conditions mean that borrowers are finding it challenging to find suitable funding solutions that match their requirements. However, our capital strength and streamlined process, combined with market knowledge and experience, allow us to provide the certainty of execution needed in the context of market uncertainty and interest rate volatility.

"The team worked with the clients to navigate these challenging markets and to ensure they had the right loan solutions to meet their financial goals. We are pleased to have delivered these loans for our clients, ensuring the successful completion of these transactions during very uncertain times” he added.

The London-based lender provides commercial real estate borrowers with tailored loans and financial solutions of between £2 million and £30 million for acquisitions, refinancing, and asset upgrades.

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Waypark Capital, a new commercial real estate lending platform, has announced its launch with £450 million of institutional funding to originate small and middle-market commercial real estate loans in the UK.

The London-based lender will provide commercial real estate borrowers with tailored loans and financial solutions of between £2 million and £20 million, with LTV ratios of up to 75% for acquisitions, refinancing, and asset upgrades.

Nicolas Vocos, CEO of Waypark, said: "Banks’ dominance of the UK real estate credit market has decreased considerably over the last decade. We expect this trend to continue as the pandemic disruption contributes to tighter regulation and lowers risk tolerance from traditional providers of real estate finance.

"Our lending platform is uniquely positioned to capitalise on this opportunity, particularly as the real estate industry looks to a net-zero carbon future that would require significant funding to upgrade the UK’s commercial property stockpile to meet current and future requirements," he added.

The new business is focused on relationship lending and a simple approval process built around the customer, with an emphasis on speed and certainty of execution. The lender’s current pipeline already exceeds £150m of loans and it is on track to close a number of transactions next month.