Whitehall Capital bridging loan fund records second consecutive record quarter
Whitehall Capital Fund (‘Whitehall Capital’ or ‘the Fund’), the specialist commercial and residential property bridge financing fund, is delighted to announce its best quarterly performance since inception in March 2017 – posting a positive return of 2.78% for the July-September period. This closely follows its previous record quarterly performance of 2.63% for the April-June 2019 period, and brings the Fund’s total return since inception to 21.44%, significantly outperforming many hedge funds and stock markets.
In the current calendar year to date, the Fund has so far delivered a strong positive return of 8.02% despite the looming Brexit uncertainty and the general slowdown seen in the UK housing market. The fund manager attributes part of its success to its strong performance over the summer months, a period during which a number of other lenders are less active. As a result, the Fund has had excellent access to high quality lending opportunities.
Furthermore, the fund manager’s established reputation has ensured a steady flow of return business from mid-size developers, for whom Whitehall is the first port of call for bridge loans for their respective projects.
Whitehall Capital is a specialist bridging loans company that was founded in March 2017 by Amram Capital – an independent wealth management and investment advisory firm. It issues short term loans (normally 3 to 12 months) that are primarily secured against residential UK property though properties may be residential, commercial, mixed use or land with planning permission. The fund typically lends to owners or developers of real estate assets, does not undertake direct purchase of properties, and ideally targets loans secured against properties worth between £1m and £5m.
Anthony Bodenstein, pictured, Managing Partner at Whitehall Capital, said:
“A second consecutive record quarter for the Fund is a testament to the ability of the very talented team at Whitehall Capital to consistently deliver positive returns, especially when set against the backdrop of Brexit and a general housing market slowdown. The Fund has now returned 21.44% since its inception in 2017, significantly outperforming the hedge fund sector and stock markets in general. Importantly, as all our loans are property backed and capped at 60% of the property’s value, this strong performance has been delivered without taking on board undue risk. Strict risk management is central to Whitehall’s investment process. As a result the Fund benefits from an attractive risk /return profile.
“Being a sub-fund of a wealth manager Amram Capital we continue to have access to readily available capital, thereby reducing the turnaround time for granting loans, and giving us a competitive advantage over other lenders. I’m confident that this shall contribute to the continued success of the fund and I hope to report another record quarter in the new year.”