UK housebuilders lender Hilltop Credit Partners has secured investment from Metropolitan Real Estate.
Hilltop said together with the new investment secured from Metropolitan, it intends to deploy up to £300m (€350m) over the next three years to finance the construction of over 1,000 residential units across the UK, with a focus on affordable regional markets with strong supply-demand fundamentals.
To date, the Round Hill Capital-backed specialist development funding partner has facilitated the construction of 250 residential units across the UK.
Paul Oberschneider, founder and CEO of Hilltop Credit Partners, said: ”Working with Metropolitan Real Estate will bring together our collective experience in real estate and credit to support proven housebuilders in the UK and to promote greater housing supply.
“This partnership is a validation and recognition of our work so far, and we look forward to growing our lending portfolio across Britain this year.”
Cherine Aboulzelof, managing director and head of Europe at Metropolitan Real Estate, said: “We are investing with an experienced team in an already seeded, and growing, portfolio of affordable residential loans that provides visibility and proof of concept in attractive locations with quality local sponsors.
“This opportunity provides our investors with access to the UK residential sector with an attractive risk-return profile for our fund.”
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