ZSL Capital to move in to serviced apartment sector

George Sell George Sell Uploaded 09 January 2019


UK: Real estate lender ZSL Capital is aiming to grow its loan book to more than £100 million by the end of 2020.

Daryl Thorpe, co-founder and principal at ZSL Capital, said: "Our key aims are to deploy existing capital and then take further finance to both enhance our existing residential offering and move into other sectors, such as student accommodation, later living, hotel and serviced apartments."

"We like to think that our differentiator is how we are able to partner with developers. A lot of the team have experience in intricate structured finance and real estate transactions and we bring the ingenuity and flexibility those disciplines instil to help us work more effectively with developers and be a more supportive, long-term capital partner," he added.

The expansion plans comes after the London-based lender closed on a £25 million loan note programme in November 2018. ZSL has already deployed almost £1 million of this capital into two transactions and has a further pipeline of transactions in excess of £15 million. The lender offers loans up to £5 million in both junior and senior positions.

ZSL is part of the Zenzic Partners Group - a merchant banking practice founded in 2014, which has expertise across real estate and asset-backed industries offering debt advisory, M&A and capital markets capability.


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