Debt advisory firm Fortgate Partners has launched Fortgate Capital, a bridging loan platform aimed at the UK market. Plans are in place for the platform to extend into Western Europe within two years.
Focusing on non-regulated residential and commercial bridging loans across England, Scotland, and Wales, the platform caters to transactions between £10m to £100m.
These are secured against high-quality real estate assets and target experienced borrowers.
The loan terms on offer range from 12 to 24 months and cover both acquisition and refinance of individual properties and broader portfolios.
Director and co-founder, Lisa Bebbington, said: “Despite these turbulent times with higher inflation suppressing property values, we feel that the time is right to launch our new lending platform into the UK market.
“There are still very good opportunities in the market if you are prepared to work hard enough.”
She added: “Real estate investors and developers are turning their attention to bridge loans as a shorter-term solution as part of their longer-term strategy. We see this current market continuing as a longer-term pattern and the new normal.”