Hilltop Credit Partners has launched a funding arm for small and medium-sized residential property developers across the UK.
The company aims to distribute £125m over the next 12 months to SME developers that need extra funds to grow their business and build more homes.
Loans will range from £3m to £20m and the company has a £40m funding pipeline for residential schemes in regional areas including Windsor, York and the Midlands.
Hilltop is backed by global real estate investment firm Round Hill Capital.
Hilltop Credit Partners chief executive Paul Oberschneider said: “Our joint venture with Round Hill Capital brings together our collective experience and skills to support proven SME housebuilders throughout the UK, and to help promote greater housing supply that is more affordable than what the large housebuilders focus on delivering.”
Last year, Round Hill Capital sold a minority stake in its business to Dyal Capital Partners, a division of Neuberger Berman.
Commenting at the time of the deal, Round Hill said that the investment would allow it “to continue to focus on penetrating its real estate markets alongside our institutional investor base and to continue to expand into new sectors and global locations”.
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