Capital Partners, the Guernsey-based independent boutique asset
management company, has launched an alternative lending fund
focused on mortgage lending.
The RAW Mortgage Fund is the company's sixth fund launch and
aims to build upon the growing excitement about the peer-to-peer
(P2P) lending space with a fund that Tim Parkes, RAW's lead
Manager for this new fund, describes as 'many-to-many'.
"The RAW Mortgage Fund aims to unitise peer-to-peer
lending, linking investors with savings through a regulated fund
structure with borrowers who want to invest in property: typically
buy-to-let landlords; like a building society in the form of a
fund," said Mr Parkes.
The fund expects to advantage both investors and borrowers by
significantly reducing the spread between cash deposit and lending
rates traditionally seen at high street banks. The fund expects to
return 4.5% gross to investors with a low risk to capital.
"Lending will be conservative. Loan-to-valuation ratios
will not exceed 55%. All of our lending will be secured by a first
legal charge with independent professional valuations and
solicitors acting for the fund," said Mr Parkes.
The fund's approach is to professionally manage the
assessment of risk and to diversify investment across many loans,
borrowers, properties and locations. The advantage is that the fund
should have a much lower risk to capital.
Post the financial crisis, alternative providers have entered
the market as a result of traditional lending institutions drawing
back from many parts of the market due to capital constraints,
changing regulation and appetite for business.
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