Walker Crips is planning to launch the UK’s first regulated bridging finance investment fund, the TB Walker Crips Income from Short Term Lending fund, for its newly created alternative investments division.
The TB Walker Crips Income from Short Term Lending fund will be managed by James Allen, who joined the firm to establish and manage the portfolio, and will be rolled out to investors on 1 August 2013.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The fund is a qualified investor scheme with a minimum initial investment of £20,000.
The new fund has been designed to achieve an annual income of 8.4% by providing credit to short-term lending companies that offer residential property bridging finance loans.
Income is generated through interest on capital charged on the loans and the risk will be spread through the use of three bridging finance companies.
The costs to investors will be charged from earned income and will not exceed 2%.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataAllen said: "This fund aims to provide a predictable and sustainable level of income for investors and some much needed capital to property developers.
"Through this fund, we are giving potential investors the product they want with additional safeguards. Sophisticated investors and their advisers should view this valuable diversifier as part of their tactical allocation," Allen added.
