N Ireland's new Secured Lending Fund

GDP CAPITAL?

Last month, our team were delighted to complete our first deal for our new Alternative Lending?business GDP CAPITAL.

Before I get into that in any detail, I am delighted to say that after over twelve years of building GDP, working alongside, and with a range of funding partners right across the marketplace, from main stream lenders, to alternative lenders, to debt and equity funds, along with family offices, we are delighted to be in a position to launch our own secured lending fund.

What this means is that we are now mandated on behalf of our investors, to support those property professionals who have opportunities that meet the criteria of the fund, and are struggling to get finance anywhere else.?

This is great news of course for all of us at GDP and more so?our client base, and in April past, we were delighted to close our first deal, just shy of ￡1M.

Deal Details

This?was a refinance for a local property company, who was up against it time wise, to find a solution.

In this?particular case, we were familiar with the security, and got comfortable very quickly with the client and their business plan, allowing?us to settle and close the deal in a timely manner.?The really interesting part about this deal is that with a loan to value close to 70%, there were?no other debt options in town, available for this client.

By GDP CAPITAL stepping in, this allowed the client to avoid an asset sale,?retain ownership of their portfolio, and continue to execute their own business plan, something we are now also actively working on.?

This, I think is one of the USP's of what we will be doing with this new fund, as we are well placed, to (1) assess risk,??and (2) subsequently mitigate any risk?quite quickly.?The upshot of this being, we will be able to advise within the first 24?hours of speaking to the customer and reviewing the information, if it's a deal we feel we can facilitate.

In a world that appears to be speeding up, as each day passes, we are only too aware that time is finite, and we are very confident in our ability to advise our clients whether we will be able to support them or not, quite quickly #NOSLOWNOS?

One of the unique selling points?we have within GDP?of course, is the breath of professional expertise we have across the property, legal, banking and debt markets.?

Since 2016, we have, and continue to be very active in the brokerage space with CLEARPATH FINANCE.?

In that business we work closely with our clients and funding partners to bring a range of funding structures to the table.

However over the last twelve to eighteen months in particular, we have noticed more challenges entering this market place, as more and more of the Alternative lenders continue to reduce their appetite for risk.?

The direct impact of this is of course, the fact that it has become?more difficult for people in the property industry to refinance or obtain funding for their projects.?

This is one of the main reasons why we have worked so hard to bring this new debt option to the market place.?

If any of our clients at GDP are looking for funding to support their projects this year, or maybe you have a facility maturing in the not so distant future, feel free to reach out to any of our team at GDP.

We are looking forward to closing more deals with this fund over the Summer months and into the autumn.

Remember, it can take a little longer to get these deals closed in this environment, so early engagement is highly recommended.??

Have a great week, and thanks for reading.

Conor?

Conor Devine MRICS,?has been working across the property, debt and funding markets for over twenty years, and is passionate about helping others in the industry overcome challenges and to reach their business goals.?