Specialist bridge financing fund Whitehall Capital Management Limited has delivered a net return of 2.19% for the first quarter of 2020.
For Q2, the fund has anticipated returns of 2% to 3%.
It is opening for subscriptions and redemptions at the end of June, and performing consistently above its 10% target annualised return.
Whithall Capital Management Limited had an annualised return of 10.9% last year, 10.12% for the 12-month period to 31 March 2020, and 27.2% since its inception in August 2017.
The fund is designed to generate returns irrespective of market conditions and looks to exploit short to medium-term bridging opportunities, secured against UK Real Estate.
Anthony Bodenstein, founder and managing partner of Whitehall Capital, said: “We continue to process the loans in our pipeline, which remains strong – and whilst the base case is generally for things to get worse before they get better, we are, with £5m of new money raised during Q1 and further liquidity added through a £10m bank facility, funded to move fast.
“We have only this week completed a large loan on a prestigious business park in the North East, further extending our geographical footprint, and could not be more pleased with the opportunities being presented to us at this time.
“It speaks to the strength of our self-funded model and the reputation we are building for getting projects funded, often when other lenders say no – and for clear, open, honest communication throughout the loan process.
“We see the fund as a rare opportunity to invest in a growth market at this time and secure an attractive asset-backed return.”