Specialist commercial property lender Business Lending Ltd is to launch a new commercial credit fund aimed at providing stable and secure income to institutional investors.
The firm - which provides commercial mortgage loans to small and medium sized enterprises (SMEs) and investors in small and medium commercial properties - says the fund will invest in medium term loan notes secured on UK commercial property, originated through its mortgage platform. The company has appointed corporate finance specialists, Brandenburg Securities, to structure and distribute the fund, with the aim of generating investment returns of around 250 basis points over 3 month Libor to investors. Business Lending says it aims to ensure only the highest quality secure assets are chose...
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