Paxton Launches Secured Income Fund

May 5 2011 | 9:16am ET

London-based Paxton Private Finance, a privately funded principal lender, has launched the Paxton Secured Income fund with an oversubscribed first round of investment.

Paxton says the bridging fund has been devised to “capitalize on the banking sector’s current lack of appetite for property lending and to enable investors to participate in the relatively high returns available from providing equity to the short‐term finance market.”

Loans will be provided to a maximum 75% LTV ratio for up to six months, giving property developers and other experienced borrowers scope to move quickly on short-term opportunities while controlling the fund's exposure to market movements.

FSA-regulated operators Real Estate Associates Ltd have structured the scheme as an English limited partnership, enabling the quarterly income distributions to be made gross of tax. An exempt unit trust serves as a feeder for SIPPs and other tax-exempt entities to access the fund in units from £25,000.

Nick McLean, a Paxton partner, said: “As the demand for short-term finance has increased, so too has the need to diversify our funding sources, and we are delighted that the launch of the Paxton Secured Income Fund will provide a broadening of our funding base.”


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.