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Real Estate Debt Management

Image of three people having a conversation in the courtyard of the Rothschild & Co New Court office Intricate blue engraved design featuring interwoven ornamental motifs.

The Real Estate Debt Management team (REDM) acts on behalf of institutional investors to deploy capital into, and manage, UK commercial real estate loans.

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Who we are

REDM originates, structures and manages portfolios of commercial real estate loans of over £1bn.

We have a highly experienced, entrepreneurial team which has extensive experience of structuring commercial and residential real estate loans and analysing risk.

We are relationship-led with short reporting lines and a bespoke Investment Committee structure, comprising senior Rothschild & Co bankers and independent advisors, ensuring that decisions are made in a timely manner.

We pro-actively manage the completion process with experienced individuals retaining client responsibility throughout the relationship.

We have a strong regional focus and UK network.

Please see further below or for more information, contact us.

What we do

As well as loans secured by investment property, we also provide loans for pre-let and/or pre-sold development schemes.

Loans can be provided to individuals, special purpose vehicles, trusts and companies.

Loans are funded on a fixed or floating interest rate basis by two large UK insurance companies, for whom we act as investment manager.

Rothschild & Co Bank International also co-lends part of most loans.

Typical loan sizes range from £5m to £50m, but with flexibility up to £100m depending on the transaction.

Lending parameters

Loan amount

£5 million to £100 million

Loan type

Senior ranking - investment or pre-let/pre-sold development

Core property sectors

Commercial real estate, comprising office, industrial, retail and leisure, with capacity for small elements of residential in mixed portfolios

Other property sectors

Includes - Healthcare, social housing, PBSA and open storage

Location

UK and Channel Islands

Currency

Sterling

Term

3 to 30 years

LTV

Up to 70%

Interest rate

Margins over SONIA (either floating or fixed) typically 2% - 3%, with an arrangement fee of around 1%. These are higher for development loans

Covenants

Market standard

Meet the team

Leadership

Ian_walker_300x200.jpg
Ian Walker
Co-Head of REDM		 Ros_Harper_300x200.jpg
Ros Harper
Co-Head of REDM		  

Investor Relations & New Lending

Simon_Osmond_300x200.jpg
Simon Osmond
Head of New Lending		 Julia_Moore_300x200.jpg
Julia Moore
Director		 Mary-Rose_Noble_300x200.jpg
Mary-Rose Noble
Director
Harvey_Wilson_300x200.jpg
Harvey Wilson
Associate		 Lewis_Derbyshire_300x200.jpg
Lewis Derbyshire
Associate		 Jane_Roderigues_300x200.jpg
Jane Roderigues
Lending & Projects Executive

 

Portfolio

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Stephen Pye
Head of Portfolio		 Charlotte_Pearce_300x200.jpg
Charlotte Pearce
Director		 Lizzie_Sutherst_300x200.jpg
Elizabeth Sutherst
Assistant Director
Andrew_Johnson_300x200.jpg
Andrew Johnson
Assistant Director		 Charlie_Phillips_200x300.jpg
Charles Phillips
Assistant Director		 Patrick_Mc_300x200.jpg
Patrick McCormack
Associate
Jenny_Metcalfe_300x200.jpg
Jenny Metcalfe
Associate		 George_Sealy_300x200.jpg
George Sealy
Analyst		 Victoria_Jennings_300x200.jpg
Victoria Jennings
Lending Support Executive

Operations & Support

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Tracy Walmsley
Assistant Director		 Georgina_Thompson_300x200.jpg
Georgina Thompson
Executive Administrator		 Adele_Hardman_300x200.jpg
Adele Hardman
Executive Administrator

Consultants

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Samantha Rollason
Strategy Specialist		 David_Lathwood_300x200.jpg
David Lathwood
Property Specialist		  

New investor mandates

REDM originates, structures and manages portfolios of UK commercial and residential real estate loans for third party institutional investors who use the asset class to match both fixed and floating and short and long term liabilities. Investment policies are tailored to meet specific investor requirements and can either be on a discretionary or non-discretionary basis, depending on investor preference.

We provide an extensive service to our investors which includes origination across the UK, investment analysis, loan structuring, Investment Committee process, legal completion, ongoing monitoring and comprehensive reporting.

We have the ability to co-lend alongside our investors in each loan to ensure interests are aligned.

Please contact us if you would like to discuss any aspect of the above in more detail.

 

Case Studies

  • Industrial investment loan

    A £42m loan facility comprising a £34m fixed rate investment loan and £8m floating rate development loan. This five-year facility has recently been extended for a further five years.
    Secured by a 400-acre industrial and distribution site, in the North West, with development loan funding a pre-let warehouse.

    Over 215 tenants across the portfolio.

    The loan has supported development on site, including new industrial and office units and a solar farm with the borrower aiming to become self-sufficient from green energy.

  • Office investment loan

    A five year, £19.5m, floating rate investment loan – the third loan we have provided to this asset manager.

    Secured against three, well-located, properties with two in central Manchester and one in central Leeds. All have been newly refurbished and contain amenities including business lounges, roof terraces and gyms.

    Containing 41 office suites and four retail units, the properties have proven popular due to the high-quality fit outs and flexible working space.

    The loan has been structured to allow the release of further funds as units which were vacant at completion have been let.

  • Mixed-use investment loan

    A ten year, £20m, fixed rate investment loan to an experienced borrower with whom we have a long-standing relationship.

    Secured by a portfolio of 30 mixed-use properties (industrial, office and retail) in North Yorkshire, which are let to a wide range of tenants with low concentration.

    The loan diversified the borrower’s funding and provided working capital for further investment and future property acquisitions.

    Image of a social housing building by REDM
  • Image of a social housing building by REDM

    Social Housing Investment Loan

    A 19 year, £19.4m, fixed rate investment loan to a registered provider of social housing, drawn in stages as the properties were acquired. The facility is secured by 160 supported housing units located across London which provide accommodation to rough sleepers and victims of domestic abuse. The acquisitions comprise one and two bedroom flats and houses which were financed by a combination of: (i) the above facility; (ii) grant funding awarded by the Greater London Authority; and (iii) borrower equity.

    •

    For further information on our services

    Contact us at redm@rothschildandco.com

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