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.
News from Nabarro
News from The Lawyer
Briefings from Nabarro
Nabarro has published its Pensions Update for December 2013. The publication covers the Autumn Statement, same-sex marriage, lifetime allowance and more.
Legislation has been introduced in the Finance Bill 2014 regarding the SDLT relief available to a charity where it purchases a property jointly with a non-charity purchaser.
Analysis from The Lawyer
Real estate continues to be the key money spinner for Nabarro, which has always been known for its work in the UK property market, (although) last year results were up across the firm. Google’s ...
A few UK200 firms – such as DWF – have managed to grow in the downturn. A few, such as Berwin Leighton Paisner, have come back stronger than ever after a wobble. Nabarro fits into neither category.