Whitehall Capital funds mixed-use resi and commercial development
Whitehall Capital Fund has completed a £2.3m loan for a £4m mixed-use residential and commercial development in Canterbury, Kent.
Amram Capital which owns Whitehall Capital, provided the equity for the loan.
The developer plans to expand the existing space of the property, a former department and furniture store of 4,000 square metres, and build a mixture of retail, office, residential spaces and a hotel over 6,100 square metres.
Alessandro De Camillis (pictured), underwriter at Whitehall Capital, said: “By co-operating with Amram Capital, that has readily available capital at its disposal, we are able to cut the transaction turnover times significantly, thereby becoming a one-stop shop for developers and fulfilling their bridge lending needs quickly and efficiently.
“Last month we announced our second consecutive record quarter, taking the positive return for the first three quarters to 8.02% and thereby putting us well on our way to deliver a record year for the fund.
“So far Whitehall has returned 21.44% since inception in March 2017 and I look forward to continuing our stellar performance.”