Nabarro advises Walker Crips on creation of regulated short-term lending fund
Nabarro has advised wealth and investment manager Walker Crips on the creation of a regulated short-term lending fund. Described as the first regulated bridging finance investment fund in the UK, it is designed to create a target annual income of 8.4 per cent by providing credit to short-term lending companies that specialise in residential property.
These lending companies source borrowers who are seeking short-term funding on UK residential or mixed commercial and residential use properties, generally via the auction market. Income is generated through interest on the loads. These loans are used for the purposes of short-term bridging finance or property renovations.
The Nabarro team was led by funds and indirect real-estate partner Andrew Wylie, supported by banking and finance partner Andrew McLean and financial regulatory senior associate Sam Robinson.
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