Iron Bridge Finance acquires equity provider

Published on

London-based property development lender Iron Bridge Finance has acquired a majority interest in Orlandis Capital, a real estate JV equity provider.

The Orlandis management team, led by Andrew Chrysostomou, will retain a shareholding position. The acquistion follows a management buy-out of the company lead by Chrysostomou from Christian Candy’s CPC Group.

Orlandis provides equity funding to the developer market and has invested over £125m in the last 24 months across projects comprising over 2,500 residential units.

Based in Primrose Hill, London NW1, Iron Bridge has been investing its own funds since 2007 to finance residential and mixed use development projects behind its senior debt partners, becoming one of the market leaders in mezzanine finance.

Lance Joseph (pictured, left), Iron Bridge’s CEO, said: “This is a signal moment for both Iron Bridge and Orlandis. Being able to offer both equity and mezzanine, and where appropriate a hybrid of both, is great news for developers.

“This acquisition is a natural evolution for our business and comes at a time when there is increasing demand for flexible, well-funded solutions behind senior debt.”

Andrew Chrysostomou (pictured, right), Orlandis’ managing director, added: “In Lance and the team at Iron Bridge Finance, we are joining the best in the industry. The offering of equity and mezzanine is a winning proposition for our collective customer base and we are well positioned to fill this finance gap.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Mortgage advisers failing over-50s on later life lending, Key warns

Mortgage advisers are not doing enough to support over-50s with later life lending options,...

Kuflink announces leadership change as CEO steps down

Kuflink has announced that CEO Narinder Khattoare will step down, marking the end of...

Norton Home Loans partners extends access to specialist solutions

Norton Home Loans has partnered with broker London & Country (L&C) Mortgages to widen...

Hinckley & Rugby for Intermediaries expands remortgage service with PEXA

Hinckley & Rugby for Intermediaries is expanding its partnership with PEXA and Optima Legal,...

Other news

Mortgage advisers failing over-50s on later life lending, Key warns

Mortgage advisers are not doing enough to support over-50s with later life lending options,...

Kuflink announces leadership change as CEO steps down

Kuflink has announced that CEO Narinder Khattoare will step down, marking the end of...

Norton Home Loans partners extends access to specialist solutions

Norton Home Loans has partnered with broker London & Country (L&C) Mortgages to widen...