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